Mobile-Health Network Solutions Stock Soars Following AI Data Center Acquisition Agreement
MOU with PPG: Mobile-Health Network Solutions (MNDR) has entered a Memorandum of Understanding with PPG PP GRID SDN. BHD to acquire project companies for two AI-optimized data centers in Sarawak, Malaysia, with a potential compensation of up to $120 million.
Data Center Details: The agreement includes a 25MW facility expected to be completed by Q3 2027 and a 150MW facility by the end of 2028, aimed at supporting MNDR's AI-driven health and technology ecosystem.
Management Insights: MNDR's Co-CEO highlighted that the data centers will reduce operational costs and enable the launch of new services, including Token as a Service (TaaS) and AI-Powered Healthcare Platform as a Service (APaaS).
Stock Performance: Following the announcement, MNDR shares rose by 28.62%, reaching $3.91.
Get Free Real-Time Notifications for Any Stock
Analyst Views on MNDR
About MNDR
About the author
MongoDB Shares Surge Over 22%; Check Out 20 Stocks Making Moves in Premarket Trading
MongoDB's Strong Performance: MongoDB Inc. shares surged 22.8% in pre-market trading after reporting third-quarter revenue of $628.31 million, exceeding analyst expectations, and raising its FY26 guidance.
Other Notable Gainers: Taoping Inc. saw a 64.5% increase after announcing an acquisition, while Fitell Corp. rose 37.6% following a repurchase program announcement.
Significant Losers: Janux Therapeutics Inc. experienced a 39.3% drop in pre-market trading after releasing updated interim data, while American Bitcoin Corp. fell 17% after a previous decline.
Market Overview: The article highlights various stocks moving in pre-market trading, showcasing both significant gainers and losers, reflecting market volatility.
Autodesk Shares Rise Approximately 6%; 20 Stocks Making Moves in Premarket Trading
Autodesk's Strong Performance: Autodesk Inc reported third-quarter results with adjusted EPS of $2.67 and revenue of $1.85 billion, both exceeding analyst expectations, leading to a 6.1% increase in share price during pre-market trading.
Other Notable Gainers: Mobile-Health Network Solutions surged 45.4%, Inno Holdings gained 29.5%, and KALA Bio increased by 24.1% in pre-market trading, driven by various positive developments and agreements.
Significant Losers: Nutanix Inc saw a 16.8% drop after disappointing financial results and lowered sales guidance, while Biomx Inc and Kaixin Holdings also experienced notable declines of 13.2% and 12.1%, respectively.
Market Overview: The pre-market trading session showed mixed results, with several companies like Urban Outfitters and Petco Health and Wellness reporting better-than-expected earnings, while others faced declines due to poor financial performance.
