GMT EIGHT - Stocks - US Stock

China AI opportunities are promising! "Wood Sister" fund has aggressively increased its holdings in Alibaba Group Holding Limited sponsored ADR (BABA.US) and Baidu Inc Sponsored ADR Class A (BIDU.US).

Ark Investment CEO Cathie Woods is doubling down on big bets on AI, cloud computing, and the next generation of the internet, especially focusing on Chinese tech stocks.

SEC takes action! "Super demon stock" QMMM Holdings (QMMM.US) surged 959% before being urgently suspended from trading.

After the stock price of QMMM Holdings Ltd. surged nearly 1,000% in less than three weeks, the U.S. Securities and Exchange Commission suspended trading of the company, citing potential manipulation by sellers on social media.

Under downward pressure on oil prices, Imperial Oil Limited (IMO.US) has slashed its workforce by 20% to reduce costs.

With the possibility of the global crude oil market facing an oversupply situation, Imperial Oil plans to lay off about 20% of its employees by the end of 2027.

Robinhood (HOOD.US) stock price surged more than 12% in a single day, predicting market trading volume to exceed 4 billion shares.

Robinhood customers have traded over 4 billion futures contracts, with 2 billion contracts traded in just the third quarter alone, accounting for half of the total volume.

At the end of artificial intelligence is truly electricity! CenterPoint Energy (CNP.US) plans to invest $65 billion to expand the power grid over the next 10 years.

CenterPoint Energy Inc. plans to invest a record $65 billion by 2035, mainly due to the expected significant increase in electricity demand, especially in Texas.

Verizon (VZ.US) is in talks to acquire EchoStar Corporation Class A (SATS.US)'s wireless spectrum assets.

According to informed sources, Verizon Communications Inc. is in negotiations with EchoStar Communications to acquire some of its wireless spectrum assets.

200 billion dollars in debt is weighing down the leader in AAA games. Standard & Poor's intends to downgrade Electronic Arts Inc. from their current rating to "junk" status.

Standard & Poor's indicated that it is expected to downgrade Electronic Arts' credit rating to "junk" status.

The American pharmaceutical industry lobbying organization PhRMA will launch a prescription drug direct sales platform to address the pressure from President Trump to reduce drug prices.

The American pharmaceutical industry lobbying organization PhRMA stated that it will launch a new website AmericasMedicines.com in January 2025.

OpenAI opens the era of AI shopping, first supporting the Etsy (ETSY.US) platform, with the latter's stock price surging nearly 16%.

OpenAI launches a new feature, allowing users to directly purchase products through its AI chatbot ChatGPT.

Overnight US stocks | Three major indices rise, spot gold breaks through $3830.

As of the close, the Dow rose 68.78 points, up 0.15%, to 46316.07 points; the Nasdaq rose 107.09 points, up 0.48%, to 22591.15 points; the S&P 500 index rose 17.51 points, up 0.26%, to 6661.21 points.

US Stock Market Move | Wolfspeed (WOLF.US) stock price has surged over 1130% and has been halted multiple times.

Wolfspeed's stock price surged over 1130% and has been halted multiple times.

US Stock Market Move | Investors profitably closed their positions as Carnival Corporation (CCL.US) fell over 5%.

As of the submission of the article, the stock has fallen more than 5%, closing at $28.99.

US Stock Market Move | Knorex (KNRX.US) enters the US stock market, with the opening stock price dropping by over 11%.

As of press time, the stock has fallen over 11%, standing at 3.525 US dollars.

Hong Kong digital marketing service provider Cansince Innovations is planning to go public in the US with a plan to raise $25 million.

Hong Kong-based digital marketing services provider Cansince Innovations submitted its prospectus to the US Securities and Exchange Commission on Monday, planning to raise up to $25 million through an initial public offering.

US Stock Market Move | Western Digital Corporation (WDC.US) rose more than 8%, with two brokerage firms raising their target price for the stock.

As of the time of submission, the stock has risen more than 8%, reporting at $116.08 per share.

US Stock Market Move | Bilibili, Inc. Sponsored ADR Class Z (BILI.US) rose by 4%, achieving profits for four consecutive quarters.

On Monday, Bilibili (BILI.US) rose by 4%, closing at $27.14.

Amazon.com, Inc. (AMZN.US) supported electric aircraft startup company Beta (BETA.US) submitted an application to go public in the US. Its aircraft have completed thousands of flights.

Electric aircraft manufacturer Beta Technologies submitted its initial public offering (IPO) application in the United States on Monday, becoming another company to sprint towards an IPO in the recent stock market bull market.

US Stock Market Move | Micron Technology, Inc. (MU.US) rose over 5%. Morgan Stanley predicts that the price increase cycle in the storage industry chain may continue until 2026.

On Monday, Micron Technology (MU.US) rose more than 5%, closing at $165.47.

US Stock Market Move | Concept stocks in the currency circle collectively rise, stablecoin leader Circle (CRCL.US) up more than 8%

Concept stocks in the cryptocurrency circle collectively rise, with Circle leading the way.

US Stock Market Move | Southern Copper Corporation (SCCO.US) rises more than 4% as global copper mine production continues to face force majeure.

On Monday, Southern Copper (SCCO.US) rose more than 4%, closing at $122.25.

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