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GOPRO SELLS A MAJORITY STAKE TO STARMAN FOR $285 MILLION AS IT FACES STRUGGLES.
GOPRO IS NOW AN AI DATA CENTER COMPANY??
GoPro announced today that it is merging with Starman Optical, a private photonics company. GoPro also said it will exapdn into the AI data center and defense markets - CNBC
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GoPro joins AI bonanza with pivot into data centers as shares skyrocket 38%
gopro had a free fastbreak dunk to win the game but instead they threw it backwards and it bounced into the other basket
GoPro swings to deep loss @georgia_wells
BREAKING: GoPro is pivoting into AI infrastructure through a $285 million merger with U.S.-based optical transceiver maker Starman Optical.
BREAKING: GoPro is up 160% in the last 2 days, including 80% today in premarket, after YouTube Markiplier disclosed an 8.5% stake, making him the largest shareholder.
Fischbach called the stock undervalued and said he wants to see GoPro turn around, and the timing lines up with the company's new Mission 1 Pro cinema camera hitting shelves tomorrow.
The stock also has 16.5% of its float sold short, which added fuel to the move as buyers rushed in.
Despite the surge, GoPro's fundamentals remain rough.
Revenue fell 31.3% year over year last quarter, and the company has disclosed doubts about its ability to continue as a going concern.
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JUST IN: GoPro acquires Starman Optical for $285M, pivots to AI infrastructure serving data centers.
New listing: GoPro ($GPRO) at 5x Leverage.
