Traders are halfway through the week, and there are still plenty of stock market stories worth reading today. Let’s dig into that below, with a breakdown of the hottest market happenings on Wednesday.
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High conviction on SNDK? Try Tradr's SNXX or SNDQ- iTonic Holdings (ITOC) stock rocketed on a private placement.
- Chewy (CHWY) stock soared thanks to strong earnings results.
- PDD Holdings (PDD) stock also rallied alongside an earnings report.
- Braze (BRZE) stock surged despite a mixed earnings report.
- Spotify (SPOT) stock was down on new efforts to tackle AI imposters.
- VolitionRx (VNRX) stock climbed on new cancer detection results.
- OpenAI is getting ready to shut down its Sora AI video app.
- Merck & Co. (MRK) stock soared on plans to purchase Terns Pharmaceuticals (TERN).
- ARM Holdings (ARM) stock jumped on praise from analysts.
- The Dow Jones (DJIA) was up alongside the latest updates on the war in Iran.
- Microsoft (MSFT) slipped over concerns about its relationship with OpenAI.
- Cipher Digital (CIFR) stock rallied on a new partnership.
- Dell Technologies (DELL) stock climbed on the launch of a new line of AI computers.
- Meta Platforms (META) stock was on the rise following a new partnership with Stripe.
- Palantir Technologies (PLTR) stock was boosted by analyst praise for the company’s Golden Dome inclusion.
- Figma (FIG) stock dipped on neutral analyst coverage.
- Advanced Micro Devices (AMD) stock gained on reports of incoming CPU price increases.
- SanDisk (SNDK) stock dropped on a $1 billion investment in Taiwan chip maker Nanya Technology.
- Eli Lilly (LLY) stock rallied alongside praise from a top analyst.
- Rocket Lab USA (RKLB) stock was boosted by reports of an incoming IPO for SpaceX.
- Home Depot (HD) stock was up on news of the retailer’s Mingledorff’s acquisition.
- CD Projekt (OTGLY) stock climbed on news that the developer has integrated AI into its game design.