Werewolf Therapeutics (HOWL) stock exploded higher on Friday morning after management said the company has agreed to a definitive all-stock merger with Ambros Therapeutics. The combined company will pivot to focus on Ambros’ Phase 3 drug candidate – neridronate – for Complex Regional Pain Syndrome Type 1 (CRPS-1), backed by an oversubscribed $150 million private
SK Hynix shares rose 1.6% on Friday as the South Korean memory-chip maker considered a potentially large manufacturing expansion in Japan amid strong global demand for memory chips. The company is weighing plans for a new semiconductor manufacturing facility in Japan’s Miyagi prefecture, with investment potentially reaching tens of trillions of won, according to a
Bloom Energy stock has slumped sharply in recent weeks, falling from its year-to-date high of $350 to around $200. The stock has declined for seven consecutive sessions, reaching its lowest level since August 3. Its technical indicators suggest that further downside may be ahead, while persistent valuation concerns continue to weigh on investor sentiment. Bloom
SpaceX SPCX shares gained 1.4% on Friday as investors weighed the rapid expansion of its Starlink satellite network, upcoming share unlocks and the company’s significant capital spending requirements. The stock had fallen 3% on Wednesday and declined 4.1% on Thursday as another 319 million shares held by employees, early investors and other insiders became eligible
Nvidia (NVDA) stock is in focus on Friday after BMO Capital Markets said the chipmaker remains a “top pick” for those seeking exposure to the global artificial intelligence (AI) buildouts. Analyst Harsh Kumar announced an Outperform rating and $340 price target on the semiconductor behemoth heading into its fiscal Q2 earnings set to be
On Friday, Samsung Electronics outlined a potential record shareholder payout as AI-memory demand boosts cash generation. Bitcoin extended its strongest weekly rally in more than two years. Oil prices climbed as fresh US sanctions threats against Iran raised concerns about further supply disruptions. Gold also surged to a more than three-month high as Treasury buybacks
The Dow Jones Industrial Average rose nearly 1% on Friday as US stocks recovered from a sharp sell-off in the previous session, while investors continued to monitor elevated Treasury yields, oil prices and tensions in the Middle East. The S&P 500 and Nasdaq Composite also gained, although all three major indexes ended the week lower
XRP price has jumped more than 18% over the past 24 hours to trade near $1.31 on Aug. 21, bringing the $1.50 level back into focus after the token briefly touched roughly $1.34. CoinGecko data showed XRP had risen from around $1.10 over the past day, with the token initially reaching roughly $1.34 before pulling
Micron Technology stock (NASDAQ: MU) is heading into Nvidia’s August 26 earnings report with one of Wall Street’s most aggressive semiconductor price targets in focus. D.A. Davidson analyst Gil Luria raised his Micron target to $2,000 from $1,500 after the memory maker’s fiscal third-quarter results in June, maintaining a Buy rating. The call rests on
Solana is extending a powerful weekly rally, climbing more than 19% as improved liquidity expectations and stronger institutional demand support the broader cryptocurrency market. SOL reached an intraday high of $91.0 on Friday and was trading around $90.90, placing it near a critical technical resistance level that could determine whether the rally continues. The token’s