Market Insider
Alibaba-backed startup Moonshot AI’s valuation is up $500 million, sources say, after its rivals IPO in Hong Kong
Key Points Investors are now valuing Alibaba-backed Moonshot AI at $4.8 billion, two people familiar with the matter told CNBC. It’s a $500 million increase in the valuation the startup achieved last month. The investor interest comes after two rival Chinese AI companies — Zhipu and MiniMax — surged after going public in Hong Kong […]
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Stocks making the biggest moves midday: Novo Nordisk, Vistra, GE Vernova, Regions Financial and more
Check out some of the companies making headlines in midday trading: Novo Nordisk — The maker of the Wegovy obesity treatment jumped more than 4% as sales of its oral weight loss treatment got off to a strong start. In the first week of its launch, about 1.3% of Wegovy prescriptions were for the oral […]
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Stocks making the biggest moves premarket: PNC, ImmunityBio, Coupang & more
Check out the companies making headlines before the bell. ImmunityBio — The biotech company rallied 22%, adding to a 30% rally in the previous session that was sparked by strong guidance for its bladder cancer drug Anktiva. ImmunityBio expects full-year revenue for the drug to jump 700%. Coupang — Shares rose more than 3% after […]
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Stocks making the biggest moves midday: Morgan Stanley, Coinbase, Taiwan Semi, Eli Lilly & more
Here are some of the names making big moves in midday trading. Eli Lilly — Shares of the weight loss drugmaker fell nearly 4% after Reuters reported that a Food and Drug Administration decision on its obesity pill would be delayed until April 10. The drug had been granted an expedited review under a Trump […]
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Stocks making the biggest moves premarket: Taiwan Semiconductor, ASML, BlackRock and more
Check out the companies making the biggest moves in premarket trading: Taiwan Semiconductor Manufacturing — The chipmaker soared 6.6% after it posted another record quarter . The company saw a 35% increase in fourth-quarter profit, beating estimates amid demand for its artificial intelligence chips. ASML Holding —- Shares of the chip-equipment manufacturer jumped 6% after […]
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Stocks making the biggest moves midday: Biogen, Rivian, Bank of America, Airbnb & more
Check out the companies making headlines in midday trading. Biogen — The biotech’s stock tumbled more than 4% after the company warned it would need to take a $222 million pretax charge in the fourth quarter. The company said the charge, which includes research-and-development expenses and milestone payments, will lower its net income by about […]
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Stocks making the biggest moves premarket: Wells Fargo, Bank of America, Netflix & more
Check out the companies making headlines before the bell. Trip.com — The company’s stock plunged 13% after Reuters reported that Chinese market regulators are investigating the travel website. Netflix — Shares rose nearly 2%. Netflix is preparing an all-cash $72 billion bid for Warner Bros. Discovery’s studios and HBO Max, The Wall Street Journal reported […]
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Stocks making the biggest moves midday: JPMorgan, Moderna, Boeing, Cardinal Health, Chipotle & more
Check out some of the companies making the biggest moves midday: JPMorgan Chase — The largest bank in the U.S. dropped more than 3%, trading near session lows, after investment banking fees fell, missing expectations. JPM’s chief financial officer signaled that the banking industry could push back against President Donald Trump’s call for a one-year […]
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Alibaba-backed PixVerse launches real-time AI video tool, as Chinese rivals race past OpenAI on speed and cost
Key Points PixVerse co-founder Jaden Xie spoke with CNBC in an exclusive interview about financing and AI slop. The company released a new AI model for generating video in real time. Xie predicts the interactive tech can transform how people watch shows and play video games. Source
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