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Amphenol Stock Rallies 3% Amid Market Volatility
Amphenol Corporation (APH) shares climbed roughly 3% on Thursday, recovering from recent swings. Trading volume was elevated as the market anticipates the company's upcoming quarterly results.
Credo Stock Rebounds on Broadcom's Copper Endorsement for AI Data Centers
Credo Technology Group Holding's stock climbed 9% to $111.94 Thursday, recovering from a 14.8% drop earlier in the week. The rebound followed Broadcom's endorsement of copper-based connections for AI data center racks.
Adobe Stock Rises on AI Revenue Focus Ahead of Q1 Report
Adobe shares advanced approximately 4% on Thursday as Wall Street scrutinizes the company's AI-fueled subscription growth ahead of its quarterly earnings release next week.
Expedia, Booking Stocks Rally as OpenAI Retreats from ChatGPT Checkout Ambitions
Expedia Group shares jumped 11% Thursday following a report that OpenAI is scaling back its direct checkout plans for ChatGPT, reducing concerns that AI could bypass online travel agencies. Booking Holdings also rose 8% on the news.
GE Vernova Secures Major Italian Wind Contract, Expands Grid Component Plant
GE Vernova has secured a contract to supply 17 onshore wind turbines for a project in southern Italy, with deliveries starting in 2027. Concurrently, the company is investing $30 million to expand its electrification component plant near Milan.
IREN Shares Slide on $6B Equity Offering and Major Nvidia GPU Purchase
IREN shares declined approximately 11% following the announcement of a $6 billion at-the-market equity offering and agreements to acquire over 50,000 Nvidia B300 GPUs.
Lithium Stocks Slide Amid China Price Volatility, Policy Uncertainty
Major lithium producers Albemarle and SQM declined in New York trading as Chinese spot prices for the battery metal showed significant volatility, with traders focused on upcoming policy cues and corporate results.
Coherent Unveils 224Gbps Chip for AI Data Centers Ahead of OFC
Coherent Corp has introduced a high-speed 224Gbps quad-channel transimpedance amplifier designed for next-generation 800G and 1.6T optical transceivers in AI data centers. The company also debuted a new test instrument and will join the Bloomberg 500 index on March 12, following a $2 billion strategic investment from Nvidia.
ULSD Futures Surge 10% on Middle East Supply Fears, Diesel Prices Climb
U.S. heating oil futures soared 9.8% Thursday, hitting a one-year high amid Middle East supply risks. Brent crude topped $84, while average U.S. diesel prices rose to $4.04 a gallon.
Gasoline Futures Surge 6% on Middle East Supply Fears, Pump Prices Follow
NYMEX gasoline futures surged 6% Thursday as Middle East tensions threaten supply, with AAA reporting a 27-cent weekly jump at the pump to a $3.25 national average.
Oil Prices Surge Past $84 on Middle East Supply Fears
Brent crude oil prices climbed above $84 per barrel following tanker incidents in the Gulf, raising fears of prolonged supply disruptions. U.S. diesel prices and physical crude premiums also spiked as markets tightened.
Bitcoin Retreats as Regulatory Stalemate, Dollar Strength Weigh on Crypto
Bitcoin gave back recent gains, dropping 3.5% amid stalled crypto regulation talks and a stronger dollar. Market focus shifts to Friday's U.S. employment data.