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NASDAQ:KDK 25 September 2025

Soros and ARK Bet $2.5 Billion on Driverless Trucks – Inside Kodiak Robotics’ Bold Wall Street Debut

Soros and ARK Bet $2.5 Billion on Driverless Trucks – Inside Kodiak Robotics’ Bold Wall Street Debut

Kodiak Robotics will go public via a merger with Ares Acquisition Corp II, valuing the autonomous trucking firm at $2.5 billion and raising over $275 million in new funding. Kodiak’s driverless trucks, already hauling freight for Atlas Energy in Texas, have logged 2.6 million autonomous miles. The merged company, Kodiak AI, Inc., will trade on Nasdaq under “KDK” starting Sept. 25, 2025.
25 September 2025
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Stock Market Today

  • Asia Stocks Plunge on Iran-Israel Tensions and US Rate Hike Fears
    June 8, 2026, 5:15 AM EDT. Asia's main stock markets, led by South Korea's KOSPI which fell over 8%, tumbled sharply amid renewed Iran-Israel conflict and expectations of U.S. Federal Reserve interest rate hikes. South Korea triggered its circuit breaker twice this year due to a near 9% drop in its benchmark index, with chipmakers Samsung Electronics and SK Hynix losing over 7%. Japan's Nikkei 225 dropped 3.9%, and Taiwan's TAIEX fell 3.5%, pressured by the sell-off in tech stocks linked to AI. Rising Brent crude prices above $88.50 a barrel added to market unease. The downturn followed Wall Street's decline caused by strong U.S. jobs data sparking inflation and rate hike fears, dampening optimistic sentiment on tech equities across Asia.

Latest articles

Intel’s AI Stock Run Stalls; Monday Premarket Move Fails to Settle It

Intel’s AI Stock Run Stalls; Monday Premarket Move Fails to Settle It

8 June 2026
Intel shares rose 1.6% to $100.74 in pre-market trading Monday, partly rebounding from Friday’s 7.9% drop that followed a strong U.S. jobs report and a tech selloff; investors now face a key test as Intel’s AI partnerships with Foxconn and others lack visible orders or financial details, while options pricing signals potential for another 9% stock move this week amid inflation data and shifting rate expectations.
Nvidia’s $5 Trillion Valuation Gets Put to the Test Monday

Nvidia’s $5 Trillion Valuation Gets Put to the Test Monday

8 June 2026
Nvidia shares hovered near Friday’s 6% drop and $300 billion market cap loss despite new South Korean AI deals, as chip stocks reeled from fears of higher U.S. rates and regulatory risks; investors await Monday’s open to see if fresh partnerships can offset sector volatility and valuation pressure.
Nokia drops after fast AI rally, traders stay focused

Nokia rally stalls as traders sell tech stocks after AI push

8 June 2026
Nokia shares plunged 2.98% in Helsinki to 12.690 euros, extending losses as investors dumped AI-linked tech stocks amid rising oil prices and rate fears; U.S. ADRs dropped 13.48% Friday, while no new operating update was given and Nokia issued 500 million euros in new debt, with the next key earnings test set for July 23.
SpaceX Sets IPO at $135, Retail Buzz Ahead of SPCX Nasdaq Debut

SpaceX Sets IPO at $135, Retail Buzz Ahead of SPCX Nasdaq Debut

8 June 2026
SpaceX’s $75 billion IPO launches June 12 at $135 a share, with retail demand already double the shares on offer and 30% of the deal earmarked for individuals, but 2025 losses of $4.94 billion and a $1.75 trillion target valuation raise questions about post-IPO pricing as index entry and profitability remain uncertain.
Eli Lilly Set for Key Monday After New Weight-Loss Drug Data

Eli Lilly Set for Key Monday After New Weight-Loss Drug Data

8 June 2026
Eli Lilly closed at $1,131.42, up 0.55%, after releasing late-stage data showing its obesity drug retatrutide led to 28.3% weight loss over 80 weeks and reduced sleep apnea and knee pain, fueling hopes its obesity pipeline could expand beyond weight loss as rivals Boehringer Ingelheim and Zealand Pharma unveiled competing data, setting up a key test for Lilly’s trillion-dollar valuation as trading resumes.
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