ADVFN US – Market Content Editor
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Gemini Raises IPO Price Range, Anticipates $433 Million in Fundraising
Cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, has increased the price range for its upcoming initial public offering, scheduled for Friday. Shares are now expected to be priced between $24 and $26, up from the prior range of $17 to $19. With this adjustment, Gemini could raise as much as $433 million, valuing…
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S&P 500, Nasdaq Pull Back Off Best Levels But Still Reach Record Closing Highs
Stocks moved mostly higher early in the session on Wednesday but gave back ground over the course of the trading day. The S&P 500 and the Nasdaq pulled back well off their best levels but still managed to end the day at new record closing highs. The S&P 500 (SPI:SP500) rose 19.43 points or 0.3…
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The Trade Desk Shares Slip Following Amazon-Netflix Advertising Deal
Shares of The Trade Desk (NASDAQ:TTD) fell 7% after news emerged that Amazon Ads (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) are partnering to offer advertisers access to Netflix’s premium ad inventory via Amazon’s demand-side platform (DSP). The collaboration, announced today, will allow brands to buy Netflix ad space programmatically through Amazon DSP starting in Q4 2025. The…
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Amazon Stock Slides as Oracle Gains Ground in AI Market
Shares of Amazon (NASDAQ:AMZN) fell as much as 3% on Wednesday morning, despite broader Nasdaq strength, as investors voiced concerns over potential AI market share erosion to Oracle (NYSE:ORCL). The e-commerce and cloud computing leader’s stock declined while Oracle surged 40% following a strong quarterly performance. Analysts note that Oracle’s neutral stance in the AI…
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Reddit Stock Hits Record Peak at $253.57
Shares of Reddit Inc. (NYSE:RDDT) have surged to an all-time high of $253.57, giving the social media company a market capitalization of $47.12 billion. Over the past year, the stock has delivered a remarkable return of more than 320%, signaling strong investor confidence in Reddit’s growth trajectory. The company boasts gross profit margins of 91%,…
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Wearable Devices Obtains U.S. Patent for Next-Gen AI Wearables
On September 10, 2025, Wearable Devices Ltd. (NASDAQ:WLDS) revealed that it has been granted a U.S. patent for its advanced voice and gesture control technology. This innovation combines gesture recognition with voice commands and biometric authentication, offering a more natural and secure way for users to interact with smart devices. The patent strengthens the company’s…
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Analysts Divided on iPhone 17 Launch as ‘Air’ Model Steals Spotlight
Apple Inc. (NASDAQ:AAPL) unveiled its new iPhone 17 series as expected, but attention quickly focused on the debut of the slimmer iPhone Air, drawing strong reactions across Wall Street. Overall, analysts praised the refreshed design and upgraded hardware, though opinions varied on whether the new lineup could trigger a major upgrade wave. Evercore ISI suggested…
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Nebius Group Shares Fall Following $3 Billion Financing Announcement
Nebius Group N.V. (NASDAQ:NBIS) saw its stock decline 4% in early trading Wednesday after the AI infrastructure company unveiled plans for a combined $3 billion financing initiative, including a $2 billion convertible notes offering and a $1 billion sale of Class A ordinary shares. The Amsterdam-based firm plans to issue the convertible notes in two…
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KindlyMD Shares Plunge 30% Following $30 Million Bitcoin Investment Announcement
KindlyMD (NASDAQ:NAKA) saw its stock fall 30% in premarket trading on Wednesday after the health care company revealed a major Bitcoin-related investment initiative. The company’s subsidiary, Nakamoto Holdings Inc., agreed to invest up to $30 million in Metaplanet Inc., a Japanese firm specializing in Bitcoin treasury management. By contrast, Metaplanet shares jumped 16% earlier on…
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Portillo’s Shares Slide After Lowering 2025 Outlook Amid Industry Challenges
Portillo’s Inc. (NASDAQ:PTLO) saw its stock drop 4% in premarket trading after the fast-casual restaurant chain revised down its fiscal 2025 guidance, citing ongoing pressures in the industry. The company now projects same-store sales will decline between 1% and 1.5% for the year, a significant reduction from its prior forecast of 1% to 3% growth.…