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Nasdaq Jumps Over 150 Points; Skye Bioscience Shares Plunge - Critical Metals (NASDAQ:CRML), Advanced Micro Devices (NASDAQ:AMD)
Benzinga· 2025-10-06 17:09
Market Overview - U.S. stocks showed mixed trading, with the Nasdaq Composite gaining over 150 points, while the Dow decreased by 0.16% to 46,684.03 and the S&P 500 rose by 0.40% to 6,742.80 [1] - Information technology shares increased by 0.9%, while real estate stocks fell by 0.8% [1] Company Highlights - Advanced Micro Devices (AMD) shares surged over 27% following a significant agreement with OpenAI to deploy up to 6 gigawatts of AMD Instinct GPU power for AI infrastructure [2] - The initial phase of the agreement includes a rollout of 1 gigawatt of AMD Instinct MI450 GPUs in the second half of 2026, with plans for further expansions [2][3] - Spruce Biosciences, Inc. shares increased by 298% after receiving U.S. FDA breakthrough therapy designation for its enzyme replacement therapy [8] - OneMedNet Corporation shares rose by 130% after selecting Palantir Technologies for healthcare AI operations [8] - Critical Metals Corp shares gained 92% after entering a securities purchase agreement to raise $35 million [8] - Quantum Computing Inc shares dropped by 11% following a $75 million oversubscribed private placement announcement [8] - Skye Bioscience, Inc. shares fell by 53% after failing to meet primary endpoints in a study [8] - Dragonfly Energy Holdings Corp shares decreased by 22% after pricing a $25 million public offering [8] Commodity Market - Oil prices increased by 0.8% to $61.37, while gold rose by 1.7% to $3,976.90 [6] - Silver traded up by 1.1% to $48.490, whereas copper fell by 1.2% to $5.0485 [6] European Market - European shares were mixed, with the eurozone's STOXX 600 slipping by 0.02% and Spain's IBEX 35 Index falling by 0.10% [7] - London's FTSE 100 decreased by 0.11%, while Germany's DAX 40 rose by 0.11% and France's CAC 40 dipped by 1.30% [7] Asian Market - Asian markets closed mixed, with Japan's Nikkei 225 gaining 4.75%, Hong Kong's Hang Seng index falling by 0.67%, and India's BSE Sensex increasing by 0.72% [9]
Nasdaq Jumps Over 150 Points; Skye Bioscience Shares Plunge
Benzinga· 2025-10-06 17:09
Market Overview - U.S. stocks showed mixed trading, with the Nasdaq Composite gaining over 150 points, while the Dow decreased by 0.16% to 46,684.03 and the S&P 500 rose by 0.40% to 6,742.80 [1] - Information technology shares increased by 0.9%, while real estate stocks fell by 0.8% [1] Company Highlights - Advanced Micro Devices (AMD) shares surged over 27% following a significant agreement with OpenAI to deploy up to 6 gigawatts of AMD Instinct GPU power for AI infrastructure [2] - The initial phase of the agreement includes a rollout of 1 gigawatt of AMD Instinct MI450 GPUs in the second half of 2026, with plans for further expansions across multiple generations of AMD's data center chips [2][3] - Spruce Biosciences, Inc. shares increased by 298% after receiving U.S. FDA breakthrough therapy designation for its enzyme replacement therapy for Sanfilippo Syndrome Type B [8] - OneMedNet Corporation shares rose by 130% after selecting Palantir Technologies to enhance its healthcare AI and real-world data analytics operations [8] - Critical Metals Corp shares gained 92% after entering a securities purchase agreement to raise $35 million through a private investment in public equity transaction [8] - Quantum Computing Inc shares dropped 11% following a $75 million oversubscribed private placement announcement [8] - Skye Bioscience, Inc. shares fell by 53% after its monotherapy arm did not meet primary endpoint in a study [8] - Dragonfly Energy Holdings Corp shares decreased by 22% after pricing a $25 million underwritten public offering [8] Commodity Market - Oil prices increased by 0.8% to $61.37, while gold rose by 1.7% to $3,976.90 [6] - Silver traded up 1.1% to $48.490, whereas copper fell by 1.2% to $5.0485 [6] International Markets - European shares were mixed, with the eurozone's STOXX 600 slipping 0.02% and Spain's IBEX 35 Index falling 0.10% [7] - Asian markets closed mixed, with Japan's Nikkei 225 gaining 4.75% and Hong Kong's Hang Seng index falling 0.67% [9]
US Stocks Mixed; Dow Falls 100 Points
Benzinga· 2025-10-06 15:05
Market Overview - U.S. stocks showed mixed performance with the Dow Jones index falling over 100 points, down 0.23% to 46,651.42, while NASDAQ rose 0.37% to 22,865.21 and S&P 500 gained 0.20% to 6,729.08 [1] - In commodities, oil increased by 0.7% to $61.28, gold rose 1.8% to $3,977.90, silver was up 1.1% to $48.485, and copper fell 1.4% to $5.0365 [6] Company Highlights - Advanced Micro Devices (AMD) shares surged over 27% following a significant agreement with OpenAI to deploy up to 6 gigawatts of AMD Instinct GPU power for AI infrastructure, with an initial rollout of 1 gigawatt of MI450 GPUs planned for the second half of 2026 [2][3] - Spruce Biosciences, Inc. saw its shares increase by 316% to $36.73 after receiving U.S. FDA breakthrough therapy designation for its enzyme replacement therapy for Sanfilippo Syndrome Type B [9] - OneMedNet Corporation's shares surged 143% to $2.4999 after selecting Palantir Technologies to enhance its healthcare AI and real-world data analytics operations [9] - Society Pass Incorporated's shares rose by 113% to $2.9987 [9] - Lixiang Education Holding Co., Ltd. experienced a drop of 58% to $1.19 [9] - Skye Bioscience, Inc. shares fell 54% to $2.18 after failing to meet primary endpoints in a study [9] - Dragonfly Energy Holdings Corp. shares decreased by 28% to $1.36 following a $25 million public offering priced at $1.25 per share [9] International Markets - European shares were mixed, with the eurozone's STOXX 600 gaining 0.1%, while Spain's IBEX 35 Index and London's FTSE 100 both fell by 0.1% [7] - Asian markets closed mixed, with Japan's Nikkei 225 gaining 4.75%, Hong Kong's Hang Seng index falling 0.67%, and India's BSE Sensex rising 0.72% [10]
US Stocks Mixed; Dow Falls 100 Points - Dragonfly Energy Hldgs (NASDAQ:DFLI), Advanced Micro Devices (NASDAQ:AMD)
Benzinga· 2025-10-06 15:05
Company Developments - Advanced Micro Devices (NASDAQ:AMD) shares surged over 27% following a landmark agreement with OpenAI to deploy up to 6 gigawatts of AMD Instinct GPU power for AI infrastructure [2][3] - The initial phase includes a rollout of 1 gigawatt of AMD Instinct MI450 GPUs in the second half of 2026, with plans for further expansions across multiple generations of AMD's data center chips [2] Market Movements - Spruce Biosciences, Inc. (NASDAQ:SPRB) shares increased by 316% after receiving U.S. FDA breakthrough therapy designation for its enzyme replacement therapy for Sanfilippo Syndrome Type B [9] - OneMedNet Corporation (NASDAQ:ONMD) shares surged 143% after selecting Palantir Technologies to enhance its healthcare AI and real-world data analytics operations [9] - Society Pass Incorporated (NASDAQ:SOPA) shares rose by 113% [9] - Lixiang Education Holding Co., Ltd. (NASDAQ:LXEH) shares fell 58% [9] - Skye Bioscience, Inc. (NASDAQ:SKYE) shares dropped 54% after failing to meet primary endpoint in a study [9] - Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) shares decreased by 28% following a $25 million public offering announcement [9] Commodity Updates - Oil prices increased by 0.7% to $61.28, while gold rose by 1.8% to $3,977.90 [6] - Silver traded up 1.1% to $48.485, whereas copper fell by 1.4% to $5.0365 [6]