Premarket Movers | Alibaba and NIO Rally 2%; CoreWeave Gains 3%; Crypto Stocks Jump With Sharps up 26%

TigerSep 11, 2025 8:40 AM

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CoreWeave shares gained another 3% in premarket trading. The shares surged about 17% on Wednesday alongside other AI-related names after Oracle issued bullish cloud infrastructure guidance with its Q1 earnings report.

Chinese e-commerce leader Alibaba said on Thursday it plans to raise $3.2 billion through the sale of a zero-coupon convertible bond to fund international expansion and strengthen cloud computing. The shares gained 2.2% in premarket trading.

US-listed shares of NIO rallied 1.9% in premarket trading. The shares sank almost 9% on Wednesday as the EV maker raised about $1 billion through a share sale.

Crypto stocks jumped in premarket trading. Sharps Technology rose 26%; Bitcoin Depot rose 14%; Bitfarms rose 7%; BitMine rose 6%; SharpLink Gaming rose 3%; Circle rose 2%.

Sharps Technology announced Wednesday a strategic partnership with Web3 brand Pudgy Penguins to expand exposure in the Solana digital asset treasury space.

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