Category: Top Story
-
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…
-
Anavex shares climb on upbeat results from schizophrenia trial
Anavex Life Sciences Corp. (NASDAQ:AVXL) saw its stock advance 5% after releasing positive topline data from a Phase 2 study evaluating ANAVEX®3-71 in adults with schizophrenia who were already receiving stable antipsychotic treatment. The biopharmaceutical company said the trial reached its primary endpoint, showing that ANAVEX®3-71 was both safe and well-tolerated. No serious treatment-emergent adverse…
-
Berkshire Hathaway buys OxyChem from Occidental for $9.7 billion
Warren Buffett’s Berkshire Hathaway (NYSE:BRK.B) announced an agreement to acquire Occidental Petroleum’s petrochemical unit (OxyChem) for $9.7 billion in cash. OxyChem manufactures basic chemicals such as chlorine, sodium hydroxide, and vinyl derivatives used in water treatment, healthcare, and construction. The deal will be Berkshire’s largest acquisition since 2022, when it paid $11.6 billion for insurer…
-
Morgan Stanley raises Apple target on stronger iPhone 17 demand
Morgan Stanley increased its price target for Apple (NASDAQ:AAPL) shares to $298 from $240, maintaining an Overweight rating, after observing a stronger-than-anticipated start to the iPhone 17 cycle. “The iPhone 17 cycle is modestly stronger than we originally expected,” the Morgan Stanley analysts said, noting that while “the market has already priced this in,” there…
-
Fermi shares surge again following strong market debut
Fermi (NASDAQ:FRMI) saw its shares climb as much as 21% in premarket trading on Thursday, continuing the momentum from the Texas-based real estate investment trust’s successful debut. The REIT, co-founded by former U.S. Energy Secretary Rick Perry, had soared 55% on its first trading day Wednesday, closing at $32.53, well above its initial public offering…