Carvana Co. (NYSE:CVNA) shares added more than 7% after the used car sales platform was upgraded to an ‘Outperform’ rating by Wedbush analysts.
The analysts also raised their 12-month price target to $400 from $380, arguing that the recent pullback in the stock presents a buying opportunity.
Grindr Inc (NYSE:GRND) shares fell more than 10% on Monday after the LGBTQ+ social networking platform said a proposal to take it private at a valuation of roughly $3.46 billion would not move forward, citing uncertainty around financing.
The proposed buyout, led by major shareholders Ray Zage and James Lu, offered $18 per share in cash and represented a significant premium to Grindr’s trading price when the offer was submitted on October 24.
New Era Energy & Digital (NASDAQ:NUAI) said its joint venture with Sharon AI, Texas Critical Data Centers LLC (TCDC), has signed a definitive agreement to acquire an additional 203 contiguous acres for its planned artificial intelligence and high-performance computing campus near Odessa, increasing the total development area to 438 acres.
The larger site is intended to support a multi-phase, multi-gigawatt data-center complex that can scale beyond 1 gigawatt (GW) to meet growing demand for AI and GPU-intensive computing, according to the company. New Era said it is in active commercial discussions with prospective tenants.
Teck Resources Ltd (TSX:TECK.B) shares rose on Monday after Australian mining giant BHP Group Ltd. confirmed it would no longer pursue a takeover of Anglo American PLC, leaving the Vancouver-based miner’s $70 billion merger with Anglo American on track.
Teck’s Canadian-listed shares climbed 2.4%, mirroring gains in its New York-traded stock, as investors reacted to the reduced risk of a rival bid disrupting the planned combination.
Alibaba Group (NYSE:BABA) shares moved higher after it launched Qwen, a new AI chatbot aimed at competing with rivals such as OpenAI’s ChatGPT and Google’s Gemini.
The app, which unifies the Hangzhou, China-based company’s previous iOS and Android AI offerings under a single brand, saw more than 10 million downloads within a week of its relaunch.
Alphabet Inc (NASDAQ:GOOG) shares climbed about 8.5% on Monday toward a fresh 52-week high, as the tech giant secured a major NATO cloud and AI contract and rode a wave of bullish investor sentiment.
Google Cloud signed a multi-million-dollar deal with NATO’s Communications and Information Agency to equip the Joint Analysis, Training and Education Centre with its Distributed Cloud technology. The system is designed to support AI and analytics on sensitive workloads, ensuring that data remains within NATO territory.
Shares of Novo Nordisk (NYSE:NVO) fell sharply on Monday after the Danish pharmaceutical giant said a late-stage trial testing its diabetes and weight-loss drug semaglutide in Alzheimer’s disease did not meet its main objective.
The Phase III Evoke and Evoke+ trials, which enrolled nearly 3,800 patients with early signs of cognitive decline, showed no meaningful impact on disease progression, Novo Nordisk said.
Trust Stamp Inc (NASDAQ:IDAI, ISE:AIID) has unveiled a patent-protected framework designed to embed biometric links into stablecoins, aiming to support regulatory compliance and strengthen payment infrastructure.
The company’s framework enables stablecoin units to be cryptographically linked to irreversibly transformed representations of their owners’ identities.
Aftermath Silver Ltd (TSX-V:AAG, OTCQX:AAGFF) announced that it has completed the final payment to acquire the Berenguela silver-copper-manganese project in Peru, ahead of the original November 2026 deadline.
As part of the arrangement, EMX Royalty Corporation reduced the final payment by US$100,000 to US$1.55 million in exchange for early settlement.
Shares in M&C Saatchi PLC (AIM:SAA) and S4 Capital PLC (LSE:SFOR, OTC:SCPPF) sank 6% and 7% after both groups warned that 2025 will fall short of expectations.
The updates underline how fragile demand remains across the advertising and marketing landscape, where budgets are still being trimmed and visibility is patchy as clients head into the year-end planning season.
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) shares climbed 5% to 19.9p after the company said a sharp jump in European yttrium oxide prices is set to deliver a meaningful lift to the economics of its Phalaborwa project in South Africa.
The company noted that yttrium, now included in its SEG+ mixed rare-earth product, has seen extreme price moves this year.
Precious metals shares enjoyed a bright start to the week as traders grew more confident that the US Federal Reserve is edging closer to cutting interest rates.
Lower rates tend to weaken the dollar and reduce the “opportunity cost” of holding gold and silver, which do not pay interest.
S4 Capital PLC (LSE:SFOR, OTC:SCPPF) shares slipped 7% to 16.48p, hitting an all-time low, after the digital advertising group warned that fourth-quarter trading will be weaker than expected.
The company said its October results and revised third-quarter forecasts point to lower net revenue than previously assumed, dragging down full-year expectations.