Category: Top Story
-
Canaan Shares Surge After Landing Largest Mining Machine Order in Three Years
Canaan Inc (NASDAQ:CAN) jumped 19.1% on Thursday following news that the crypto mining hardware manufacturer secured a purchase order for more than 50,000 of its Avalon A15 Pro mining machines from a U.S.-based bitcoin miner. The deal marks Canaan’s largest order in three years, underscoring renewed activity in the crypto mining sector. The company did…
-
Nuvini Shares Tumble After Announcing 10-for-1 Reverse Stock Split
Nuvini Group Limited (NASDAQ:NVNI) saw its stock drop 55.9% on Thursday following the announcement of a 10-for-1 reverse stock split. The company’s Board of Directors approved the move, which will take effect at the market open on October 6, 2025. “Under the terms of the arrangement, every ten shares of Nuvini common stock will automatically…
-
Ondas Holdings Shares Jump After 500-Drone Order for U.S. Defense Market
Ondas Holdings Inc (NASDAQ:ONDS) shares climbed 6% in premarket trading on Thursday following the announcement of an initial 500-unit order of Wåsp drones from Rift Dynamics, intended to support U.S. defense distribution through Ondas’ American Robotics subsidiary. The Wåsp drone is described as a combat-ready, NDAA-compliant, attritable system designed to meet increasing demand from the…
-
FlexShopper Shares Plunge Following Multiple Executive Departures
FlexShopper Inc (NASDAQ:FPAY) shares dropped 20% in premarket trading on Thursday after the company announced the resignation of several top executives, including three board members and the President and Chief Operating Officer. Director Steven G. Varner stepped down on September 29, citing disagreements over the company’s financial management and claiming he was not provided certain…
-
Dragonfly Energy Stock Jumps After Nevada Tech Hub Grant
Dragonfly Energy Holdings Corp (NASDAQ:DFLI) shares surged 20.3% in premarket trading on Thursday after the energy storage company announced it had been awarded funding from Nevada Tech Hub, a program aimed at strengthening the state’s lithium battery supply chain. The grant, valued at around $300,000, will support modernization projects and workforce development initiatives at Battle…
-
Taysha Gene Therapies Shares Surge After FDA Grants Breakthrough Therapy Status
Taysha Gene Therapies Inc (NASDAQ:TSHA) saw its stock leap 39% in premarket trading on Thursday after the company revealed that its gene therapy for Rett syndrome received Breakthrough Therapy designation from the U.S. Food and Drug Administration. The clinical-stage biotech firm also confirmed that it has reached alignment with the FDA on the pivotal trial…
-
Dow Jones, S&P, Nasdaq, Futures, AI Optimism Fuels Continued Gains on Wall Street
U.S. stock futures are signaling a higher open on Thursday, with investors poised to extend the upward momentum seen over recent sessions. The positive sentiment surrounding artificial intelligence is lending support to technology stocks, as reflected by a 0.6% advance in Nasdaq 100 futures. AI-focused leaders like Nvidia (NASDAQ:NVDA) are climbing 1.4% in pre-market trading,…
-
Chip stocks climb as OpenAI’s Stargate project fuels AI memory demand speculation
Shares in semiconductor companies advanced Thursday after reports indicated that South Korea’s top tech firms signed initial agreements to supply chips for OpenAI’s Stargate initiative, stoking optimism over rising AI memory requirements. Micron (NASDAQ:MU) rose 1%, Advanced Micro Devices (NASDAQ:AMD) gained 3%, NVIDIA (NASDAQ:NVDA) added 1%, SanDisk (NASDAQ:SNDK) jumped 4.6%, Lam Research (NASDAQ:LRCX) climbed 2%,…
-
Nike stock lifted as KeyBanc upgrades on signs of turnaround momentum
KeyBanc Capital Markets raised its rating on Nike (NYSE:NKE) to Overweight, pointing to encouraging early progress under the sportswear giant’s “Win Now” recovery plan after a stronger-than-expected first quarter. Analysts noted that execution is improving in several key segments, particularly running, North America, and wholesale distribution. Sales in the running category climbed more than 20%,…
-
Rivian shares slip as EV maker tightens 2025 delivery outlook
Rivian Automotive Inc (NASDAQ:RIVN) saw its stock decline 2.3% in premarket trading on Thursday after the electric vehicle manufacturer revised its 2025 delivery forecast to a narrower range. The company reported that it built 10,720 vehicles at its Normal, Illinois plant and handed over 13,201 units in the third quarter ending September 30. While those…