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12/17 05:44
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On Wednesday, all three major US stock indices rose in pre-market trading. However, performance among leading tech stocks was mixed.
Popular Chinese stocks experienced a collective rise:
Ethereum-related stocks also saw significant gains:
AMD's stock rose 2% amid reports that the company will pay 15% of its chip sales revenue in China to the US government. This agreement, confirmed by the White House, also involves NVIDIA and may expand to more companies.
WEBTOON Entertainment (WBTN) soared over 30% in pre-market trading after exceeding Q2 earnings expectations and announcing a partnership with Disney. Morgan Stanley raised its target price from $9 to $14.
Li Auto (LI) rose over 3% as founder Li Xiang announced a target of over 8,000 deliveries for the Li i8 in September, challenging for 10,000. The i8's pricing is set at 339,800 yuan.
CoreWeave (CRWV) fell over 9% due to a significant increase in Q2 losses, while Rigetti Computing (RGTI) dropped over 2% after reporting lower-than-expected Q2 revenue.
Circle (CRCL) declined over 2% as the company announced a stock offering of 10 million shares, with shareholders selling 8 million shares, aiming to raise $1.63 billion.
The anticipation surrounding the Federal Reserve's interest rate decision is shifting from "whether to cut" to "how much to cut." Treasury Secretary Yellen suggested a potential 50 basis point cut in September.
Investors are advised to stay alert for key opportunities in the market.
