Cardlytics Shares Jump 5% in After-Hours Trading Following Citron Research's Focus on Wells Fargo Collaboration
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2025
0mins
Source: Benzinga
Stock Performance: Cardlytics Inc. (CDLX) experienced a 9.85% decline in stock price during regular trading but rebounded by 5.04% in after-hours trading, closing at $2.50.
Partnership and Market Potential: The partnership with Wells Fargo is expected to boost Cardlytics' transaction volume, while analysts believe the company is well-positioned to benefit from the growing retail media market, projected to reach $100 billion by 2028.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy GOOG?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on GOOG
Wall Street analysts forecast GOOG stock price to fall
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 376.430
Low
255.00
Averages
336.08
High
400.00
Current: 376.430
Low
255.00
Averages
336.08
High
400.00
About GOOG
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Proposal 11 Controversy: Alphabet's Proposal 11 calls for a report on data risks from governmental overreach but only cites Israel's Project Nimbus contract, failing to mention other government contracts, which reflects a selective focus that may undermine the company's governance image.
- Board Opposition: The Board of Directors of Alphabet, along with independent advisory firms ISS and Glass Lewis, recommends shareholders vote against Proposal 11, arguing that it does not effectively enhance governance and could lead to a trust crisis affecting relationships with government and defense clients.
- Low Historical Support: A similar proposal garnered only about 4.5% support from shareholders in 2025, indicating widespread opposition, and JLens and ADL urge shareholders to continue voting against it to avoid introducing risks without meaningful governance improvements.
- Clear Opposition Reasons: JLens and ADL assert that Proposal 11 mischaracterizes Project Nimbus as primarily a military initiative, neglecting its broad civilian applications, while failing to address Israel's urgent need for modern cloud and AI technologies, which could lead to revenue loss and diminished customer trust.
See More
- IPO Plans: SpaceX filed its S-1 registration statement with the SEC on May 20, aiming for a June 12 IPO at a $1.75 trillion valuation, despite reporting a $2.59 billion net loss in 2025, indicating a lack of profitability.
- Market Share and Competitive Edge: By the end of 2025, SpaceX operated approximately 9,600 Starlink satellites serving millions of customers, maintaining a dominant position in the commercial space launch industry, although its revenue of $18.67 billion is significantly lower than its valuation.
- Impact of New Nasdaq Rules: Nasdaq plans to include SpaceX in the Nasdaq-100 index shortly after its IPO, with new rules allowing large companies to enter the index quickly, positioning SpaceX as the seventh-largest company and potentially increasing market volatility.
- Investment Strategy Recommendation: Given the high valuation and potential volatility of SpaceX's IPO, investors are advised to consider low-cost S&P 500 index funds to mitigate risk and achieve stable returns, especially as insider selling increases the float significantly.
See More
- IPO Plans: SpaceX is set to go public on June 12 with a projected valuation of $1.75 trillion, despite only generating $18.67 billion in revenue in 2025 and reporting a net loss of $2.59 billion, highlighting the impact of its substantial R&D expenditures on profitability.
- Nasdaq Listing Details: The company will list under the ticker SPCX on Nasdaq, and due to its market size, it is expected to be included in the S&P 500 index within weeks of its IPO, reflecting the expedited inclusion rules for mega-cap companies.
- Market Impact Analysis: The addition of SpaceX will position it as the seventh-largest company in the S&P 500, potentially increasing the index's volatility, especially as tech stocks already account for 51% of the index, which may influence investor risk assessments and strategies.
- Investment Strategy Recommendation: Given SpaceX's high valuation and potential volatility, investors are advised to consider low-cost S&P 500 index funds to mitigate risk while capturing future high-return opportunities, particularly in the context of ongoing growth in technology and artificial intelligence sectors.
See More
- Market Performance Review: On Monday, all three major U.S. indexes closed higher, with the Nasdaq rising 0.42%, the Dow Jones up 0.09%, and the S&P 500 gaining for the eighth consecutive day, indicating strong demand for tech stocks, particularly driven by Nvidia's performance.
- Futures Market Volatility: In overnight trading on Monday, U.S. stock futures declined, with Dow futures falling 0.46%, S&P 500 futures down 0.41%, and Nasdaq 100 futures dropping 0.63%, reflecting market uncertainty over the Middle East situation, especially the escalating conflict between Israel and Lebanon.
- Oil Prices Edge Up: During Monday's trading, Brent crude futures rose about 0.13%, trading at approximately $95.10 per barrel, while WTI crude futures increased by 0.05%, indicating ongoing market attention to energy demand despite an overall cautious sentiment.
- Tech Stock Dynamics: Nvidia's shares surged over 6% on Monday after CEO Jensen Huang unveiled new products at a conference in Taipei, highlighting the company's ongoing innovation in AI workloads for data centers, further solidifying its leadership position in the tech industry.
See More
- TPU Advantage: Alphabet's TPUs have optimized its hardware and software stack over the past decade, leading to a 63% year-over-year increase in cloud revenue to $20 billion and a tripling of operating income to $6 billion, reflecting strong market demand and profitability.
- High-Margin Revenue Stream: By allowing select customers to order TPUs from Broadcom, Alphabet has expanded its high-margin revenue sources, further solidifying its leadership in the AI market, while its $460 billion Google Cloud backlog provides robust support for future growth.
- Broadcom's Growth Potential: As the physical deliverer of TPUs, Broadcom expects to generate over $100 billion in ASIC revenue in fiscal 2027, with Citigroup projecting AI revenue to reach $180 billion in fiscal 2028, highlighting its critical role in AI infrastructure investment.
- Market Diversification Trend: As hyperscalers seek to diversify their supply chains, Broadcom is poised to benefit significantly, especially against the backdrop of surging demand for AI chips, making its stock a compelling buy opportunity.
See More
- TPU Revenue Surge: Broadcom is experiencing significant revenue from TPU sales, with expectations to exceed $100 billion in ASIC revenue by fiscal 2027, indicating strong growth potential in the AI market.
- Cloud Revenue Explosion: Alphabet's cloud computing revenue surged 63% last quarter to $20 billion, while operating income tripled to $6 billion, demonstrating the substantial economic benefits derived from its TPUs.
- Strong Customer Demand: Anthropic has placed a massive $21 billion TPU order with Broadcom, with plans to purchase an additional 3.5 gigawatts of computing capacity in the future, reflecting robust market demand for custom AI chips.
- Market Leadership: Alphabet solidifies its competitive edge in the consumer AI market with its proprietary TPU chips and Gemini models, positioning itself for continued long-term growth.
See More











