Alibaba (BABA) stock surged 7.79% after unveiling a 10,000-chip AI data center in Guangdong powered by its Zhenwu semiconductors with China Telecom.
Author: Trader Edge
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Dollar Index falls to March lows after Trump-Iran ceasefire. Bitcoin rises 3.2%, Ethereum gains 5.7% as risk appetite returns to global markets.
General Motors (GM) stock climbed nearly 4% in pre-market trading despite announcing a recall of 271,770 Chevrolet Malibu cars for camera defects.
Airline stocks surge up to 9% in premarket as U.S.-Iran ceasefire drives oil prices down 16% and reopens the Strait of Hormuz, easing fuel cost concerns.
Intuitive Machines (LUNR) stock has jumped 90% YTD on NASA wins, Artemis II participation, and an $800M acquisition that expanded its backlog to $943M.
Samsung (005930) stock rose 7% and SK Hynix (000660) surged 15% after Samsung’s record Q1 profit forecast driven by AI chip demand.
Gold rose 3.8% to $4,864 and silver surged 7.9% after Trump announced a two-week U.S.-Iran ceasefire, while oil plunged 15% and the dollar weakened.
Super Micro Computer (SMCI) sees multiple price target cuts from analysts as legal troubles, China trade risks, and Dell competition overshadow AI growth.
Paramount Skydance (PSKY) stock jumped 10.7% after Gulf sovereign wealth funds committed $24B in equity for the Warner Bros. Discovery acquisition deal.
Oil prices plummeted 15% after the U.S. and Iran agreed to a two-week ceasefire, reopening the Strait of Hormuz to global shipping traffic.
The Trade Desk (TTD) stock dropped 6.80% to a 52-week low of $20.70 after three senior executives departed. Wells Fargo cut its price target to $24.
Intel (INTC) stock climbed 4% after joining Elon Musk’s Terafab chip project. The deal marks another win for the struggling chipmaker’s foundry business.
The FDIC released 191 pages of proposed stablecoin regulations under the GENIUS Act, detailing reserve, capital, and custody requirements for issuers.
Kalshi announces partnership with FOX Corp to display real-time prediction market data on FOX News, FOX Business, FOX Weather, and FOX One streaming service.
Bitcoin surged past $71K on April 8 as U.S.-Iran ceasefire eased tensions. Crypto markets rallied broadly with ETH, XRP, SOL posting strong gains.