Group 1 - Cyngn's shares surged for the second consecutive day following the announcement of a collaboration with Nvidia [1][3] - The partnership will utilize Nvidia's Isaac robotics platform to enhance the development of self-driving industrial vehicles in real-world environments [2][3] - Cyngn's CEO emphasized that the collaboration aligns with the company's mission to create advanced autonomous vehicles that provide real-world return on investment for industrial operators [2] Group 2 - The company is selling nearly 3 million shares and pre-funded warrants at $5.01 each to a single institutional investor, which was the closing price before the stock's significant rise [2][3] - Following the news, Cyngn's stock price increased by 171% and continued to rise by an additional 60% to reach $21.80 [2][3] - The funds raised from the stock sale will be used for general corporate purposes and working capital [3]

Group 1 - Core Scientific's shares experienced a slight decline after a significant 33% increase, following reports of CoreWeave's renewed interest in acquiring the company [1][5] - Last year, CoreWeave attempted to acquire Core Scientific for $5.75 per share, valuing the deal at over $1 billion, but the offer was rejected by Core Scientific [2][5] - Following the news, Core Scientific's stock closed at $16.36, with an additional 5% increase noted shortly before the market opened [2][5] Group 2 - Core Scientific has established a business relationship with CoreWeave, providing billions of dollars' worth of high-performance computing infrastructure [4] - CoreWeave rents access to Nvidia GPUs for companies like Microsoft to support their AI product models [4] - CoreWeave's shares have increased nearly 3% in recent trading and have quadrupled since their IPO in March [4]

Core Insights - Nike shares surged 15% after beating fiscal fourth-quarter estimates, indicating positive market reaction to the company's performance [2][5] - The company reported smaller-than-expected declines in revenue and profit, suggesting progress in the turnaround plan led by new CEO Elliott Hill [2][5] - CFO Matt Friend indicated that Nike anticipates up to $1 billion in additional costs due to tariffs, as the company shifts sourcing away from China [3][5] Financial Performance - Nike's revenue and profit fell less than expected year-over-year, reflecting the effectiveness of the ongoing turnaround strategy [2][5] - Analysts from JPMorgan raised their price target for Nike stock to $64 from $56, while the average price target from analysts tracked by Visible Alpha is nearly $77 [4] Market Reaction - The stock's 15% increase was larger than what options traders had anticipated, positioning Nike as a leading gainer in the S&P 500 [5] - Nike's shares are now within 5% of their starting point for the year, indicating a strong recovery trajectory [5]

Group 1: U.S. Stock Market Overview - U.S. stock futures are slightly higher as the S&P 500 and Nasdaq approach record highs, with futures up 0.3% [2] - Bitcoin is trading around $107,000, while the yield on the 10-year Treasury note and oil futures are slightly higher [2] Group 2: U.S.-China Trade Agreement - The U.S. and China have confirmed details of a trade framework, potentially leading to lower tariffs and resumption of U.S. access to Chinese rare-earth minerals [3] - U.S. Commerce Secretary Howard Lutnick stated that an agreement has been finalized, with China expected to deliver rare earths [3] Group 3: Inflation Data - The Personal Consumption Expenditure (PCE) inflation report is projected to show a 2.3% year-over-year increase in prices for May, up from 2.1% in April [4] - Core PCE inflation is expected to rise to an annual rate of 2.6% from 2.5% in April [4] Group 4: Nike's Earnings Report - Nike shares are up 10% in premarket trading after a quarterly report that exceeded analysts' expectations, despite a year-over-year decline in revenue and profit [5] - The company anticipates a $1 billion hit from tariffs but expects to mitigate those costs over time [5] Group 5: Tesla Management Changes - A top aide to Tesla CEO Elon Musk, Omead Afshar, has reportedly left the company after less than a year in his promoted role [6] - This departure coincides with a decline in Tesla's European sales for five consecutive months [6]

Group 1 - U.S. equities surged at midday, with the S&P 500 and Nasdaq reaching record highs due to a trade deal between the U.S. and China, with more agreements anticipated [1][5] - Nike (NKE) emerged as the top performer in the Dow and S&P 500 after reporting better-than-expected results and a positive outlook, indicating the success of its turnaround plan [1][5] - Boeing (BA) shares were positively impacted by the U.S.-China trade news, which is expected to enhance the company's sales in China [2] Group 2 - Shares of mining companies such as Nemont (NEM) and Freeport-McMoRan (FCX) declined as gold and other precious metal prices fell following the trade news [3][5] - The announcement of a collaboration deal between Cyngn (CYN) and Nvidia (NVDA) led to a significant increase in Cyngn's shares, which soared 171% [2] - Life sciences company Bio-Techne (TECH) experienced a decline in shares after warnings of "big-picture headwinds" facing the sector [3]

Core Insights - Tesla CEO Elon Musk has reportedly fired his longtime aide Omead Afshar due to declining sales in key markets [1][6] - The company is facing a slump in global deliveries, particularly in Europe and China, which are critical markets for Tesla [4][6] - Tesla shares have decreased by approximately 20% since the beginning of the year [4][6] Management Changes - Omead Afshar, who was the head of operations in North America and Europe, was let go amid the company's sales challenges [1][3] - Other recent departures include Jenna Ferrua, Tesla's director of human resources for North America, and Milan Kovac, head of engineering for the Optimus humanoid robot program [3] Market Context - The company is experiencing a decline in popularity and sales, which has prompted Musk to refocus on his companies following backlash from his political activities [4][6] - Tesla's fleet consists of older vehicles, contributing to the sales decline in key markets [4]

Core Insights - The Trump administration's tariffs could cost Nike $1 billion if maintained at current levels, representing a significant cost headwind for the company [1] - Nike plans to reduce its reliance on Chinese imports from approximately 16% to a "high single-digit range" by the end of fiscal 2026 through reallocating supply lines [2] - The company is implementing price increases in the U.S. as part of its seasonal planning while also considering corporate cost cuts to mitigate the impact of tariffs [2][3] Financial Performance - Nike reported better-than-expected results for its fiscal fourth quarter, indicating progress in its turnaround plan under CEO Elliott Hill [3] - Following the earnings report, Nike's shares increased by 9% in extended trading, although they were down about 17% for 2025 through Thursday's close [3]

Market Overview - Major U.S. equities indexes moved higher, with the S&P 500 advancing 0.8% and closing three points below its record-high set in February [1] - The Dow increased by 0.9%, while the Nasdaq gained 1% [1] Company Performances - Enphase Energy (ENPH) stock surged 12.8% due to reports of potential changes in the budget bill that would maintain federal tax credits for residential rooftop solar installations [2] - Freeport-McMoRan (FCX), a major copper producer, saw its shares jump 6.9% as copper prices rose, driven by increased imports to the U.S. and strong demand from China [3] - Albemarle (ALB) stock gained 5.6%, although lithium prices remain depressed despite rising demand, with producers working on cost reductions [4] - Coinbase Global (COIN) shares advanced 5.5% following a price target boost from analysts, highlighting its market dominance in cryptocurrency financial services [5] - Equinix (EQIX) shares fell 9.6% after an analyst day revealed tapering growth forecasts for adjusted funds from operations, leading to downgrades from analysts [6] - Fair Isaac (FICO) stock declined 4.1% after announcing the incorporation of buy now, pay later activity into its credit scores, reversing earlier gains [7]

Core Insights - Nike's fiscal fourth-quarter sales and profits declined year-over-year, but the results were better than analysts expected, indicating progress in the company's turnaround plan [1][2] - Revenue fell 12% year-over-year to $11.1 billion, while net income dropped to $211 million, or 14 cents per share, down from $1.5 billion, or 99 cents per share, in the previous year [1] - The results mark the third quarter under CEO Elliott Hill, who took over in October, and the company anticipates improvements moving forward as its portfolio shifts begin to take effect [2] Financial Performance - Revenue for the quarter was $11.1 billion, a 12% decrease from the previous year [1] - Net income decreased to $211 million, or 14 cents per share, compared to $1.5 billion, or 99 cents per share, in the same quarter last year [1] - Despite the decline, both revenue and net income exceeded analyst expectations [1] Market Reaction - Nike shares fell approximately 1% in extended trading following the earnings report [3] - The stock has experienced a 17% decline for the year 2025 up to Thursday's close [3]

Core Insights - U.S.-listed shares of WPP Plc fell 15% following a decline in revenue and soft guidance, particularly in North America and China [1][5] Financial Performance - WPP reported a 2.3% year-over-year decline in fourth-quarter like-for-like revenue less pass-through costs, with North America down 1.4% and the U.K. down 5.1% [2] - Revenue less pass-through costs in China dropped significantly by 21.2%, while Western Continental Europe saw a modest gain of 1.4% [2] Management Commentary - CEO Mark Read indicated that sales were affected by weaker client discretionary spending and expressed caution regarding the macro environment [3][5] - Despite the challenges, the CEO remains confident in medium-term targets, emphasizing a focus on innovation and operational excellence to support growth [3] Guidance and Market Reaction - WPP's full-year guidance for like-for-like revenue less pass-through costs is expected to be flat to down 2%, which is below the Visible Alpha estimate of a 0.35% increase [3] - The disappointing guidance has resulted in U.S.-listed shares of WPP entering negative territory for the past year [4]