Polestar Faces Nasdaq Delisting Warning as Stock Slumps Below $1

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Swedish electric vehicle manufacturer Polestar has received a warning from Nasdaq after its shares fell below the exchange’s required minimum bid price of $1. The notice puts the EV maker at risk of delisting from the U.S. stock exchange unless it can lift its share price within the next six months.

Polestar’s U.S.-listed stock closed at 84 cents on Friday, marking a 20% decline in 2025 after losing more than half its value last year. The company now has until April 29, 2026, to regain compliance by maintaining a closing price of at least $1 for ten consecutive trading days, Nasdaq said. If it fails to meet the requirement, Polestar may be granted an additional 180-day extension.

The company attributed its struggles to mounting competition in the global EV market, where giants like Tesla and China’s BYD continue to dominate. Polestar has introduced discounts and leasing incentives in an effort to boost sales, particularly in Europe, where demand remains relatively strong.

This is the second time Polestar has faced non-compliance with Nasdaq’s listing standards, having previously received a warning last year for delays in filing its annual financial report with U.S. regulators.

Netflix Reportedly Exploring Bid for Warner Bros Discovery’s Studio and Streaming Assets

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Netflix is reportedly considering a major acquisition that could reshape the entertainment landscape, as the streaming giant explores a bid for Warner Bros Discovery’s studio and streaming business. According to multiple sources, Netflix has hired investment bank Moelis & Co — the same firm that advised Skydance Media in its successful Paramount Global takeover — to evaluate a potential offer.

The move comes after Warner Bros Discovery opened its financial data room to prospective bidders, giving Netflix access to detailed financial records. While both Warner Bros Discovery and Moelis declined to comment, sources say Netflix is actively assessing whether acquiring the studio arm would enhance its content portfolio.

If successful, the acquisition would give Netflix control over iconic franchises like Harry Potter and DC Comics, as well as Warner Bros’ prolific TV studio, which already produces several Netflix hits including You and Maid. The addition of HBO and its premium dramas could further strengthen Netflix’s global dominance in streaming.

Netflix CEO Ted Sarandos has previously stated that while the company typically focuses on building rather than buying, it remains open to acquisitions that expand its entertainment offerings. However, Sarandos clarified that Netflix has no interest in Warner Bros Discovery’s legacy cable networks such as CNN, TNT, or Food Network.

Warner Bros Discovery’s board is currently weighing several unsolicited offers, including one from Paramount Skydance, and is considering whether to proceed with a company split or a full sale.

Western Digital and Seagate Surge as AI Infrastructure Demand Fuels Record Gains

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Shares of data storage leaders Western Digital and Seagate have skyrocketed this year, outpacing the broader market as global demand for AI-driven infrastructure fuels unprecedented growth in hard drive sales. Both companies’ stocks have surged over 200% in 2025, reaching record highs amid a worldwide scramble to expand data storage capacity for artificial intelligence applications.

Western Digital shares rose more than 11% on Friday after the company forecast second-quarter earnings above Wall Street estimates. Analysts at J.P. Morgan noted that Western Digital has secured purchase orders from five of its largest customers through 2026, signaling strong confidence in sustained AI-related demand.

Seagate, a close rival, also projected revenue and profit above expectations earlier this week, pushing its stock up more than 22%. Both companies are now among the top three performers in the S&P 500 this year, trailing only Robinhood.

Smaller competitor Sandisk, spun off from Western Digital in February, has seen its shares soar fivefold since its debut and was up another 3.6% on Friday ahead of its upcoming earnings report.

The S&P 1500 tech hardware, storage, and peripherals sector—which includes all three companies—has climbed more than 12% this year, hitting an all-time high. As major tech firms like Alphabet, Microsoft, Meta, and Amazon ramp up capital spending on chips and data centers, analysts expect global AI infrastructure investments to reach up to $4 trillion by 2030.