ADVFN US – Market Content Editor
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Chijet shares surge after $1 billion private placement commitment
Chijet Motor Company, Inc. (NASDAQ:CJET) saw its stock skyrocket 181.4% on Wednesday following news that the company signed a Memorandum of Understanding with institutional investors for an expanded private placement of up to $1 billion. The commitment represents a massive increase from Chijet’s earlier $20 million private placement announced on September 26, marking a 50-fold…
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Fortress Biotech shares tumble after FDA rejection of Menkes treatment
Fortress Biotech Inc (NASDAQ:FBIO) saw its stock collapse 33.7% on Wednesday after the company announced that the U.S. Food and Drug Administration (FDA) issued a Complete Response Letter (CRL) for its Menkes disease therapy. The FDA declined the New Drug Application for CUTX-101 (copper histidinate), citing deficiencies in current Good Manufacturing Practice (cGMP) at the…
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Micron shares slip amid rising memory chip competition
Micron Technology (NASDAQ:MU) stock dropped 1.5% after news emerged of a strategic partnership between OpenAI and semiconductor giants SK Hynix and Samsung Electronics, raising concerns about intensifying competition in the memory chip market crucial for AI workloads. The collaboration, formalized through a letter of intent, spans Samsung’s semiconductor, data center, shipbuilding, cloud services, and maritime…
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Arm shares rise as Qualcomm adopts newer chip architecture
Arm Holdings (NASDAQ:ARM) stock increased 2% on Wednesday following a Reuters report that Qualcomm (NASDAQ:QCOM) is now using Arm’s latest computing architecture for its flagship processors. The move could boost Arm’s licensing revenue as the semiconductor market grows more competitive. Sources familiar with the situation said Qualcomm has transitioned to Arm’s ninth-generation architecture, known as…
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Strategy shares rise after crypto tax guidance update
Strategy (NASDAQ:MSTR) stock climbed 2.7% in premarket trading after the company revealed it no longer expects to be subject to the 15% corporate alternative minimum tax (CAMT), following recent clarifications from the U.S. Treasury and IRS. The update, issued on September 30, specifies that unrealized cryptocurrency gains or losses may not be included in adjusted…
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Ryvyl shares surge after merger deal with RTB Digital announced
Ryvyl Inc (NASDAQ:RVYL) stock jumped 65.5% in premarket trading Wednesday following the announcement of a definitive agreement to merge with RTB Digital, a privately held Web3 digital media SaaS company. The merger will integrate Roundtable’s digital media platform with Ryvyl’s payment infrastructure, aiming to accelerate revenue and distribution growth for Roundtable’s premium media clients, which…
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Rezolve Ai shares soar after 2025 guidance boost
Rezolve Ai (NASDAQ:RZLV) stock surged 21% following the release of first-half results that exceeded analysts’ expectations and prompted a substantial upward revision of its 2025 and 2026 guidance. The company posted revenue of $6.3 million for H1 2025, surpassing the $5.1 million consensus estimate and representing a remarkable 426% year-on-year increase. Gross profit margin reached…
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Nova Minerals shares jump after $43.4M U.S. Defense funding secured
Shares of Nova Minerals Limited (NASDAQ:NVA) soared 21.2% on Wednesday following news that the company’s U.S. subsidiary received $43.4 million in funding under the Defense Production Act to produce antimony trisulfide at its Estelle Gold and Critical Minerals Project in Alaska. The grant, issued by the U.S. Department of War, will enable Alaska Range Resources,…
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Clean Energy Technologies stock drops sharply following 1-for-15 reverse split
Shares of Clean Energy Technologies Inc (NASDAQ:CETY) fell 31% in premarket trading on Wednesday after the company carried out a 1-for-15 reverse stock split of its common shares. The reverse split, approved for filing by the State of Nevada on September 26, consolidates every 15 existing shares into a single new share. This adjustment applies…
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William Blair Says Tesla’s Lofty Valuation Makes Bullish Case Tougher
William Blair analysts increased their Q3 delivery projections for Tesla (NASDAQ:TSLA) on Tuesday, but cautioned that the stock’s high valuation makes it “increasingly difficult” to maintain a positive outlook. In a note ahead of Tesla’s results on October 2, the firm highlighted that the expiration of the $7,500 U.S. electric vehicle tax credit has spurred…