VIDA Global Stock Draws Attention After AI Agent IPO
VIDA Global traded higher in premarket hours Thursday, with the AI-agent software newcomer building on a jump since its volatile first days on NYSE American.
Nokia Shares Slide as Company Moves on AI Networking
Nokia Oyj slipped in Helsinki on Thursday, retreating after recent AI-fueled gains. The Finnish telecom gear maker opened a new U.S. lab as it targets more data-centre networking contracts. Shares last changed hands at 11.650 euros versus Wednesday’s 11.735-euro close. Day’s range ran from 11.550 to 11.715 euros, per Investing.com figures.
Snowflake Heads Toward $205 BofA Level Before Earnings Next Week
Snowflake shares fell Thursday morning after a strong move ahead of earnings. Investors had Bank of America’s upbeat call to consider, but Wall Street sentiment stayed mixed on the cloud data name. The stock last traded at $166.97, down roughly 1.5%.
Arm jumps in premarket on AI chip hopes
Arm Holdings’ shares are near record highs in Thursday’s premarket, after closing up 15% at $256.73 on Wednesday. The British chip designer’s Nasdaq-listed stock jumped as investors bet on more demand for CPUs in AI data centers. Arm hit an intraday high of $259.44.
FuelCell Energy surges as AI-fueled rally hits again, analysts wary
FuelCell Energy shares were up 16.5% at $20.22 Wednesday, bouncing as investors moved back into fuel-cell stocks seen as AI data center plays. The stock, which had fallen for two days, traded on almost 16 million shares.
Nvidia Raises AI Stakes Again, Eyes Turn to Thursday Stock Action
Nvidia ended the day up 1.3% at $223.47 on Wednesday ahead of its earnings release, which showed another jump in revenue and an expansion of its share buyback program. But after hours, the stock edged down, trading at $221.90 as of 4:26 p.m. Eastern, with the results coming up against big expectations for AI.
Arm Jumps 15% as AI CPU Trade Picks Up
Arm Holdings’ U.S.-traded ADRs jumped Wednesday, with buyers snapping up chip names with ties to artificial intelligence infrastructure.
IREN Stock Surges as Nvidia Fever Returns — But the AI Cloud Bet Has a Catch
IREN Limited shares jumped in regular Nasdaq trading on Wednesday, rebounding with the broader AI infrastructure trade as investors looked toward Nvidia’s quarterly results after the bell. The stock was up 9.4% at $52.23, after trading between $48.50 and $52.34, on volume of more than 23 million shares.
Super Micro Stock Gains Almost 10% With SMCI Up in AI-Server Rally
Super Micro Computer shares gained as much as 9.3% to $33.40 in midday trade Wednesday, lifted by a rally across AI hardware stocks before Nvidia reports earnings after the close. SMCI hit $33.71 earlier, ahead of Nvidia, Dell and Hewlett Packard Enterprise in percentage gains.
OpenAI IPO Filing Could Come Soon as ChatGPT Parent Moves Fast Toward Market Debut
OpenAI is getting ready to file for an IPO soon, the Wall Street Journal said Wednesday. The ChatGPT developer is talking with bankers at Goldman Sachs and Morgan Stanley on a draft prospectus, which could get filed confidentially as early as Friday, Reuters said, citing the Journal. If it happens, it could be among the biggest technology IPOs ever.
Ondas Stock Is Moving Again After a $199 Million AI Defense Deal — What Investors Missed
Ondas Inc. shares rose in midday trading on Wednesday as investors weighed the company’s planned purchase of Israeli defense software firm Omnisys against a stock that has already had a sharp defense-drone run. The shares recently traded up 3.3% at $9.43, after touching $9.47, with about 22.0 million shares changing hands.
CleanSpark Shares Gain With Wall Street Viewing Power Assets as AI Play
CleanSpark shares were higher Wednesday as the bitcoin miner pushed to rebrand as an AI infrastructure firm. The move drew investor interest after the company named a new senior finance executive, with shares also benefiting from gains in other mining stocks focused on power.
MARA Holdings Stock Gains as Bitcoin Recovery and AI Plans Run Into Morgan Stanley Downgrade
MARA Holdings shares rose in U.S. morning trade Wednesday as bitcoin steadied and investors discussed if the one-time miner can shift its power holdings into an AI infrastructure business.
POET Technologies Jumps After $400M AI Photonics Raise, Dilution Questions Linger
POET Technologies Inc. shares rose early Wednesday on the Nasdaq. The move comes after investors sold the stock on dilution worries linked to its new US$400 million financing, which has now closed. POET was last up around 11% to $14.55, after opening at $14.70. The stock traded as high as $15.21 earlier in the session.
Vida CEO Steps In as $15 Million AI IPO Hits Reality Check
Vida Global Inc. had a choppy start in public markets after its $15 million IPO. Shares fell well below the $4 offer price in early trading as buyers weighed the latest AI small-cap. Vida said it sold 3.75 million Class A common shares in the deal, its first pitch to public investors.
Amazon Leans Into AI With Hiring Focus Jeff Bezos Made Famous
Jeff Bezos’ “life is too short to hang out with people who aren’t resourceful” line is back in the spotlight this week, showing up in tech and business coverage as Amazon moves deeper into AI, cloud and speedier delivery.
Analog Devices heads into AI test after record quarter, $1.5 billion deal
Analog Devices gave an upbeat revenue forecast Wednesday and said it would buy Empower Semiconductor for $1.5 billion in cash. The guidance came in ahead of Wall Street targets and the deal adds to signs the AI push is moving into power chips and sensors too.
CleanSpark Stock Jumps as Wall Street Chases the AI Power Trade
CleanSpark Inc shares rose before the U.S. open on Wednesday, extending a sharp Tuesday rally, after a Bernstein call put fresh attention on bitcoin miners that own scarce power capacity for artificial intelligence data centers. The stock was quoted at $14.94 in pre-market trading at 07:15 EDT, up 1.7% from Tuesday’s $14.69 close, while bitcoin traded near $77,400.
Meta kicks off 4 a.m. layoff emails as AI drive leads to 8,000 job cuts
Meta Platforms started sending layoff notices to employees early Wednesday, kicking off a planned reduction of about 10% of its global workforce, or close to 8,000 jobs. The company, which owns Facebook and Instagram, is moving staff and budgets toward artificial intelligence. Layoff notifications went out in waves starting at 4 a.m. local time in different regions. U.S. workers were told to stay home, according to Business Insider.
Entergy’s AI stock boost draws Wall Street’s attention—with a twist
Entergy Corp is one of the utility names getting a lift from AI-fueled demand for power. The stock has climbed 33.3% over the last 52 weeks, beating the S&P 500 and the Utilities Select Sector SPDR ETF. A market note out this week described the New Orleans-based company as a straight bet on data centers, more industrial load, and higher grid spending.