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Storage Stocks Pull Back. Western Digital Falls 7%; Seagate Tech Drops 6%; SanDisk Sinks 1.7%
Storage stocks pulled back on Wednesday. Western Digital fell 7%; Seagate Tech fell 6%; Rambus down over 2%; SanDisk down 1.7%.
Tiger News
Wed, Jan 7
Pre-Bell | S&P, Nasdaq Futures Inch Lower; Ventyx Biosciences Rockets 60%; Mobileye Surges 10%; Critical Metals Rises 8%; Precious Metals Shares Pull Back
01 Stock MarketAs of Jan 7, U.S. stock index futures are mixed, indicating a cautious tone before the opening bell. Dow futures edged higher, with the front contract up 0.04% at 49,741.00, while S&P 500 futures fell 0.07% to 6,982.75 and Nasdaq 100 futures fell 0.19% to 25,773. The setup suggests te...
Tiger News
Wed, Jan 7
Premarket Movers | Precious Metals Shares Slide with Gold Fields Down Nearly 4%; Aurora Innovation Jumps 9%
Precious Metals shares slid in premarket trading. Gold Fields down nearly 4%; Platinum Group, Anglogold, Harmony Gold, First Majestic Silver down about 3%.Gold slid on Wednesday as investors booked profits after prices briefly hit a more than one-week high earlier in the session, while a stronger do...
Tiger News
Wed, Jan 7
Premarket Movers | Ventyx Biosciences Rockets 68%; Critical Metals Surges 11%; Mobileye Jumps over 10%; Strategy Gains 6%
Eli Lilly is in advanced talks to buy Ventyx Biosciences for more than $1 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares of Ventyx surged 68% in premarket trading following the report, which said the deal could be announced imminently.Critical Me...
Tiger News
Wed, Jan 7
China's New Regulations Target Online Commerce Competition
On Wednesday, China introduced sweeping new regulations that prohibit major platforms, including Alibaba Group Holding Ltd., from forcing online merchants to participate in promotional activities. This is part of a broader set of measures designed to temper the rapidly escalating competition within ...
Tiger News
Wed, Jan 7
HK Grey Market | Knowledge Atlas Jumps 21%; Iluvatar CoreX Surges 38%; Edge Medical Soars 39%
Chinese artificial intelligence firm Knowledge Atlas jumped 21% in the Hong Kong grey market.The Beijing-based start-up, marketed overseas as Z.ai, is widely seen as one of China’s “new AI tigers”.Ahead of the proposed listing, Zhipu had completed eight fundraising rounds, raising a total of 8.36 bi...
Tiger News
Wed, Jan 7
Goldman Sachs Predicts 20% Upside for Chinese Equities in 2026
Goldman Sachs Group Inc. anticipates that Chinese stock benchmarks will continue their upward trajectory for another year, albeit at a more moderate pace compared to 2025, with corporate earnings bolstered by advancements in artificial intelligence and supportive government policies.The MSCI China I...
Tiger News
Wed, Jan 7
Nvidia Says Its Revenue Forecast Has Only Grown More Brighter Due to Strong Demand and Large Customer Deals
NVIDIA has stated that it has become more optimistic about its revenue forecast released in October, as the strong market demand has led to more orders than expected.
Tiger News
Wed, Jan 7
Baidu’s AI Chip Arm Kunlunxin Is Said to Pick Banks for $2 Billion Hong Kong IPO
Baidu’s artificial-intelligence chip unit has hired banks for an initial public offering in Hong Kong that may raise as much as $2 billion, according to people familiar with the matter, Bloomberg reported.Baidu shares pared losses in Kong Kong, and gianed 2.2% in US overnight trading.Kunlunxin has p...
Tiger News
Wed, Jan 7
Crypto Daily | MSCI Shelves Crypto-Exclusion Plan; Morgan Stanley Files for Bitcoin, Solana ETFs
Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsMSCI Shelves Crypto-Exclusion Plan But Signals Wider ReviewMichael Saylor gets to stay in the club — for now. Index provider MSCI shelved a controversial plan that ...
Tiger News
Wed, Jan 7
HK Movers | Nanshan Aluminium Jumps 13% on Indonesia Smelter Uncertainty, Cost Advantages Stand Out
Nanshan Aluminium shares jumped 12.6% against the market trend, with its stock price accumulating a gain of over 20% for the month.On the news front, according to Futures Daily, the global aluminum market is in a tight balance, with Indonesia being a key marginal supplier. Although Indonesia has suf...
Tiger News
Wed, Jan 7
Xiaomi EV to Launch SU7's 1st Update in Apr, Pre-Sales Begin Today
Xiaomi EV, the electric vehicle unit of Xiaomi, will launch the updated SU7 in April -- the first facelift for its inaugural model.Xiaomi EV announced the plan today on Weibo, calling the sedan's refresh the next-generation SU7. Pre-orders open at 10 am Beijing time on Wednesday.Xiaomi shares gained...
Tiger News
Wed, Jan 7
HK Movers | Innovative Drug Stocks Jump With TYK Medicines up 14%
Innovative drug stocks jumped in Hong Kong. TYK Medicines rose 14%; Lepu Biopharma rose 5%; Akeso and Hengrui Pharm rose 4%; HUTCHMED rose 3%.
Tiger News
Wed, Jan 7
HK Movers | ETFs Linked to SK Hynix and Samsung Electronics Surge Again
Strong momentum in the memory sector continued, with CSOP SK Hynix Daily (2x) Leveraged Product surging more than 8% at the open and bringing its year-to-date gain to over 30%; the CSOP Samsung Electronics Daily (2x) Leveraged Product rose about 3%.
Tiger News
Wed, Jan 7
24H | Ventyx Soars 63%; Mobileye Surges 10%; Terrestrial Energy Jumps Another 9%; Strategy Gains 6%
Eli Lilly is in advanced talks to buy Ventyx Biosciences for more than $1 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares of Ventyx surged 63.3% in overnight trading following the report, which said the deal could be announced imminently.Mobileye ...
Tiger News
Wed, Jan 7
24H|SanDisk Jumps 2%; Critical Metals Shares Surge 13% on Speculation over US Acquiring Greenland
SanDisk Corp. stocks jumped 2% in overnight trading after soaring 27% in the Previous trading day.CRITICAL METALS CORPORATION shares soared on Tuesday, with gains spilling over into overnight trading amid rising speculation over whether the Donald Trump administration will lead the U.S. into acquiri...
Tiger News
Wed, Jan 7
Post-Bell | Dow Ends at Record High; SanDisk Soars 27%; Moderna up 11%; Micron Jumps 10%; Amazon, Palantir, PDD Pop 3%
01 Stock MarketWall Street ended higher on Tuesday, as chip stocks surged on renewed AI optimism, Moderna rallied and the Dow Jones Industrial Average reached a record high.The Dow Jones Industrial Average up 0.99% at $49,462.08; the S&P 500 up 0.62% at $6,944.82; and the Nasdaq Composite up 0.65% a...
Tiger News
Wed, Jan 7
Top Calls on Wall Street: Nvidia, Apple, Tesla, Palantir, Shake Shack, Brinker, Wells Fargo & More
Here are Tuesday’s biggest calls on Wall Street:Evercore ISI reiterates Tesla as in lineEvercore says the stock is likely to “see-saw” for the foreseeable future.“For TSLA, who doesn’t guide, the stock is likely a short-term seesaw between lackluster legacy (~$100 of value; ~40c EPS Q4/Q1) vs headli...
Tiger News
Tue, Jan 6
Chinese ADRs Advance. Hesai Group up 7%; PDD Holdings up over 4%; Atour, Pony AI up About 3%; Trip.com, CHAU, WeRide up over 2%
Chinese ADRs and ETFs rose on Tuesday. Hesai Group up 7%; PDD Holdings up over 4%; Atour, Pony AI up about 3%; Trip.com, CHAU, WeRide up over 2%.Hesai Technology announced that it has been selected by NVIDIA as a LiDAR partner for the NVIDIA DRIVE AGX Hyperion 10 platform.
Tiger News
Tue, Jan 6
Nebius Stock Jumps over 6% as It to Provide Nvidia's Vera Rubin Computing Platform
Nebius announced that it will begin offering Nvidia's (NVDA) Vera Rubin NVL72 graphics processing units in the United States and Europe starting in the second half of 2026.Shares of Nebius jumped over 6% on the news.The Dutch AI infrastructure provider plans to deploy the Nvidia Rubin platform throu...
Tiger News
Tue, Jan 6
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