Nvidia is close to reaching a historic $4 trillion market cap milestone, with bullish momentum and strong demand for its AI chips. Despite competition, its valuation remains reasonable, making it a potential trading opportunity for long positions.
Elon Musk's artificial intelligence startup xAI has hired Katie Miller, wife of President Donald Trump's Deputy Chief of Staff Stephen Miller, as a communications manager just as the company secured a controversial permit for its Memphis data center operations.
Elon Musk's xAI has secured a permit to run 15 natural gas turbines at its Memphis AI facility despite lawsuits and pollution complaints, as the company scales up Grok supercomputing efforts with plans to deploy 1 million GPUs and raise up to $20 billion in funding.
Shares of boutique fitness studio franchisor Xponential Fitness (NYSE:XPOF)
jumped 34.1% in the afternoon session after the company announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the company without recommending any enforcement action.
Qualcomm has underperformed the market, with 6% YTD returns compared to PHLX Semiconductor's 13%. The company is facing challenges in the mobile device market but is aiming for growth through AI and partnerships with other companies.
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 5.9% in the afternoon session after the company announced its acquisition of LiquiFi, a token management platform.
Stay informed about the most active stocks in the S&P500 index on Wednesday's session. Discover the stocks that are generating the highest trading volume and driving market activity.
Shares of landscaping service company BrightView (NYSE:BV)
fell 11.2% in the afternoon session after the company lowered its fiscal 2025 revenue guidance, citing macroeconomic pressures.
