It’s time for a morning news wrap-up to catch investors up on all the biggest stock market stories worth reading about on Thursday.
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There’s been plenty of stock news worth noting, as earnings reports, analyst updates, and more have resulted in market movement today. Let’s take a look at some of the top stories that happened this morning below!
- Navitas (NVTS) stock rocketed more than 150% on news that Nvidia (NVDA) will enlist it to power artificial intelligence (AI) data centers.
- IonQ (IONW) stock underwent a 25% rally after its CEO compared it to Nvidia.
- Alphabet (GOOGL) stock surged on predictions that Waymo bookings would reach $6 billion by 2034.
- LiveRamp (RAMP) stock gained over 25% alongside its latest earnings report.
- Advance Auto Parts (AAP) stock shot more than 45% higher alongside surprising Q1 data.
- Canada Goose (GOOS) stock soared 25% after management said it expects minimal impacts from tariffs.
- Comcast (CMCSA) opened its new Epic Universe theme park to challenge Disney (DIS).
- Ralph Lauren (RL) earnings surpassed Wall Street’s estimates thanks to “resilient demand for its classic Polo shirts and spring wear.”
- AI company OpenAI inked a $6.5 billion deal to acquire iPhone designer Jony Ive’s startup.
- Hinge Health priced its initial public offering (IPO) at $32 per share and will trade on the New York Stock Exchange under the “HNGE” ticker.
- Novo Nordisk (NVO) brought back ex-CEO Lars Rebien Sørensen as a Board observer to help it search for its next CEO.
- Meta Platforms (META) stock got an incredible $888 price target from five-star Loop Capital analyst Rob Sanderson.
- Nvidia slipped in early morning trading after Chinese quantitative trading fund Goku submitted a new AI research paper.
Investors can stay up-to-date with all of the latest stock market news at TipRanks.