Nuclear energy stocks rose again in morning trading. NuScale Power rose 13%; Oklo rose 10%; Energy Fuels and KULR Technology rose 5%; Lightbridge, Centrus, Denison Mines, and Uranium rose 4%; NANO Nuclear Energy and Talen rose 3%.
Snap shares jumped 7.1% in morning trading. Snap will lay off about 1,000 employees, including 16% of full-time staff, the company said on Wednesday, becoming the latest tech firm to ramp up AI adoption to streamline operations and shift toward leaner teams.
GitLab shares jumped 5% in morning trading following the announcement of an expanded collaboration with Google Cloud.
Broadcom shares jumped 3.7% in morning trading. Meta will work with chip designer Broadcom to produce several generations of custom artificial intelligence processors under an expanded deal as the social media giant races to build out the computing capacity needed to power AI features across its apps.
Cloudflare shares rose 3.6% in morning trading. Cloudflare announced a partnership with cloud and AI security leader Wiz, now part of Google Cloud, to give security teams a unified way to analyze and protect AI-powered applications across their entire environment.
TeraWulf shares dropped 5.8% in morning trading following the announcement of a planned $800 million stock offering and preliminary first-quarter results that fell short of Wall Street expectations.
SolarEdge shares fell 6.9% in morning trading. Goldman Sachs downgraded SolarEdge to Sell from Neutral and lowered its price target to $31 from $36.
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