24H｜SWK Holdings Soars 55%; Applied Digital Surges 18%; Rare Earth Stocks Jump Again; Levi Strauss Sinks 8%

SWK Holdings shares soared 55.3% in overnight trading. Runway Growth Finance announced on Thursday that it has entered into a definitive merger agreement to acquire SWK, a life science focused finance company that provides minimally dilutive financing to small- and mid-sized commercial-stage healthcare companies.

Eightco Holdings shares surged 23% in overnight trading after sinking 17.8% on Thursday. Eightco Holdings files to sell 189.59M shares of common stock for holders.

Applied Digital topped Wall Street estimates for first-quarter revenue, driven by surging demand for its data center services as more customers scale up computing to support fast-growing generative AI applications. Shares of the company rose 17.6% in overnight trading.

Rare earth stocks jumped again in overnight trading. USA Rare Earth rose 7%; Critical Metals rose 5%; United States Antimony rose 4%; The Metals Company rose 2%; MP Materials rose 1%.

Elastic shares gained 4.3% in overnight trading following its Analyst Day presentation that featured higher revenue guidance. The company also announced a $500M share buyback program.

Serve Robotics shares gained another 1.8% in overnight trading. The shares surged 28.6% on Thursday after unveiling a multiyear strategic partnership with DoorDash to expand its footprint in the U.S. The company designs and develops autonomous food delivery robots powered by AI.

Tilray shares pulled back 4.8% in overnight trading after soaring 22.1% on Thursday. Tilray logged a profit in its fiscal first quarter thanks to strong distribution and cannabis segment performance which supported better-than-expected revenue growth.

Levi Strauss raised its full-year profit forecast but fell short of Wall Street expectations owing to costs linked to U.S. import tariffs, sending shares of the denim maker down 7.7% in overnight trading.

Venture Global shares sank 12.6% in overnight trading. BP has won its arbitration case against Venture Global over the U.S. supplier's failure to deliver liquefied natural gas under a long-term contract that was due to start in late 2022, Venture Global said on Thursday.