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CoreWeave Inc. has signed a deal to supply Meta Platforms Inc. with as much as $14.2 billion worth of computing power, underscoring the massive costs of developing and running advanced AI models.Shares of CoreWeave jumped 7% on the news.“They loved our infrastructure in earlier contracts and came ba...

U.S. stock index futures were lower on Tuesday, as investors awaited a crucial labor market report, while fretting over likely delays in the release of key economic data due to a potential government shutdown.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were down 92 points, or 0.2%, S&P 500 E-minis w...

QuantumScape Corporation saw its stock soar 6/8% in pre-market trading on Tuesday, following the announcement of a strategic partnership with Corning Incorporated. The collaboration aims to develop and commercialize ceramic separators for QuantumScape's next-generation solid-state batteries, marking...

Crypto stocks fell in premarket trading as bitcoin dropped below $113K. Bit Digital down 5%; BTCS down 3%; BitMine, MARA, SharpLink Gaming down 2%; Strategy, Coinbase down over 1%.

Spot Gold fell 0.42% to $3,817.43 per ounce, reversing an initial gains of 1%.Gold stocks fell in premarket trading. Harmony Gold down more than 3%; Coeur Mining, Anglogold down over 2%; Barrick Mining, Gold Fields down over 1%.

Novo Nordisk shares fell 2.6% in premarket trading. Morgan Stanley analysts say a trial to test whether Novo Nordisk’s blockbuster weight-loss drug also will work against Alzheimer’s is likely to fail, as it set the most pessimistic target price forecast of any Wall Street bank on the Danish drugmak...

Taiwan Semiconductor Manufacturing reiterated that it has not held talks with any company regarding potential investments or partnerships, dismissing a Wall Street Journal report suggesting Intel had approached the chipmaker for support.Shares of Intel dropped 1.7% in premarket trading.TSMC emphasiz...

TeslaAI announced that Tesla is working to scale up its humanoid robots, planning to launch the third generation by the end of 2025 and begin mass production in 2026, with Elon Musk expecting annual production to reach 1 million units by 2030.

Chinese ADRs and ETFs continued to rise in premarket trading. Bilibili up 5%; XPeng, Li Auto, YINN up over 2%; NIO, Alibaba, Baidu up over 1%.

Wolfspeed canceled its previously issued and outstanding shares on Monday as part of a bid to slash debt and exit bankruptcy.Shares of Wolfspeed jumped another 30.6% in premarket trading on Tuesday.The semiconductor company noted in a Form 8-K filed with the Securities and Exchange Commission that e...

Zijin Gold shares surged 67% Tuesday as the Chinese miner’s international unit made its trading debut in Hong Kong.

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsBitcoin Surges Above $114K as Traders Look Ahead to 'Uptober'A sharp rally which began late in the weekend continued into U.S. Monday morning trading hours, with bi...

HK chip stocks rose; Hua Hong Semi up 7%; Shanghai Fudan, SMIC, Niche-Tech Semi and HG Semi up 3%; Contel up 1%.

Firefly Aerospace shares plunged 11.6% in overnight trading after the company disclosed an incident during a test at its facility in Briggs, Texas, that resulted in the loss of a rocket stage.Energy Fuels announced plans to offer $550 million in convertible senior notes due 2031 through a private pl...

Gold stocks rally; Zijin Gold up 60%; Shangshan Gold up 12%; Wanguo Gold and Zijin Mining up 4%; Lingbao Gold up 3%.

Automobile-software maker Pateo Connect surged 32% in Hong Kong debut.The company has sold about 4.6 million smart cockpit products to date. Its domain controller shipments rose from 488,000 units in 2022 to 915,000 units last year, equal to 36.9% compound annual growth. It delivered 266,000 domain ...

Wall Street indexes closed up on Monday with the Nasdaq leading gains as investors bought heavyweight technology stocks and shrugged off the uncertainty of a potential U.S. government shutdown and hawkish remarks from Federal Reserve officials.Market SnapshotThe Dow Jones Industrial Average rose 68....

NVIDIA shares rose 2% on Monday.President and CEO of NVIDIA, Huang Jen Hsun, sold 223,000 shares of common stock on September 25th, 26th and 29th, according to a new SEC filing. The sales, which totaled $40.2 million, occurred at prices ranging from $173.847 to $183.546. The transactions come as NV...

Here are Monday’s biggest calls on Wall Street:Deutsche Bank upgrades Lam Research to buy from holdDeutsche Bank said the semis company is best positioned.“Despite the impressive move in shares YTD (+77%) and in the last 3 months (+31%), we believe LRCX is well positioned to outperform peers over th...

BLS Plans Not To Release Economic Data During Govt Shutdown