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Nvidia Shares Rise 2% After CEO Huang Says AI Computing Demand Is Up "Substantially"
Nvidia shares rise 2% after CEO Huang says AI computing demand is up ‘substantially’Nvidia CEO Jensen Huang said demand is up huge this year as artificial intelligence models develop further from answering simple questions to complex reasoning.“This year, particularly the last six months, demand of ...Tiger News
Wed, Oct 8
Pre-Bell｜Wall Street Futures Tick Up; Confluent Jumped 18%; SES AI Up 4%; Penguin Solutions Plummeted 23%
U.S. stock index futures inched higher on Wednesday after declines a day earlier as investors awaited commentary from Federal Reserve speakers and the release of minutes from the central bank's September policy meeting.Market SnapshotAt 7:31 a.m. ET, Dow E-minis were up 77 points, or 0.16%, U.S. S&P...Tiger News
Wed, Oct 8
AMD Gained 2% In Premarket, Heading For A Three-Session Winning Streak
AMD gained 2% in premarket, heading for a three-session winning streak. AMD rose 3.8% on Tuesday after surging 24% on Monday. The chip maker announced a long-term deal to become akey supplier to OpenAI’s artificial-intelligence infrastructure buildout. AMD’s market cap grew $63.36 billion to $330.6 ...Tiger News
Wed, Oct 8
Tesla Rebounded 1.2% In Premarket After Closing Down 4.5% On Tuesday
Tesla rebounded 1.2% in premarket after closing down 4.5% on Tuesday.Tesla rolled out "affordable" versions of its best-selling Model Y SUV and its Model 3 sedan, but the starting prices of $39,990 and $36,990 were too high, some said, to attract a new class of buyers to the electric vehicle brand.Tiger News
Wed, Oct 8
Oracle Stock Slips on Report Company Is Seeing Thin Cloud Margins from Nvidia Chips
Oracle shares once tumbled more than 7% after a report that the software maker’s profit margin in its cloud computing business is lower than many on Wall Street have been estimating. The shares eventually closed off its lows, down 2.5% to $284.24 a share.Earlier on Tuesday, The Information cited int...Tiger News
Wed, Oct 8
Spot Gold Tops $4,000 For The First Time
Spot gold tops $4,000 for the first time, setting new record high after gaining nearly $1,400 year-to-date.Gold stocks jumped in Hong Kong. Zijin Gold International and Chifeng Gold rose 8%; Laopu Gold rose 3%; SD Gold rose 2%; Tongguan Gold rose 1%.Tiger News
Wed, Oct 8
24H｜Trilogy Metals Gains Another 3%; Tesla Rebounds 1%; IREN and Archer Aviation Drop 6%; Joby Sinks 8%
Trilogy Metals shares gained another 2.6% in overnight trading after soaring 211% on Tuesday. The White House said it would acquire a 10% stake in the Vancouver-based miner.Tesla rolled out "affordable" versions of its best-selling Model Y SUV and its Model 3 sedan, but the starting prices of $39,99...Tiger News
Wed, Oct 8
Joby Aviation Stock Falls After Announcing $500 Million Share Offering
Joby Aviation stock declined 8.8% in after-hours trading Tuesday following the company’s announcement of plans to offer $500 million of common stock.The air taxi developer said it would offer shares with an aggregate price of $500 million and intends to grant underwriters a 30-day option to purchase...Tiger News
Wed, Oct 8
Post-Bell | U.S. Stocks Close Lower; Tesla Sinks 5%; AMD and Dell Gain 4%; AppLovin Jumps 8%; Trilogy Metals Soars 211%
U.S. stocks closed lower on Tuesday as investors, deprived of economic data resulting from the shuttered government, looked to secondary indicators and remarks from U.S. Federal Reserve officials for clues regarding economic weakness and monetary policy.Market SnapshotThe Dow Jones Industrial Averag...Tiger News
Tue, Oct 7
IREN Drops on $875M Convertible Note Offering
High-performance computing firm IREN stock slipped 3.9% on Tuesday post-market after announcing a $875 million convertible debt offering.The offering may increase to $1 billion if initial purchasers take up an option to buy an additional $125 million, the press release said. The notes will be unsecu...Tiger News
Tue, Oct 7
Top Calls on Wall Street: Netflix, AMD, Dollar Tree, CarMax and More
Top 5 Upgrades:Seaport Research upgraded Netflix (NFLX) to Buy from Neutral with a price target of $1,385, up from $1,230. The firm thinks the shares' momentum, which has moderated lately, could be digesting the year-to-date +30% gains ahead of the advertising infrastructure build-related monetizati...Tiger News
Tue, Oct 7
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