Polestar Automotive Holding (PSNY) shares are on the rise after the company reported a significant increase in second-quarter deliveries, signaling a positive trajectory for the electric vehicle manufacturer. The company is optimistic about an even stronger second half of the year, driven by the launch of its new premium SUVs.
CrowdStrike Holdings Inc. (CRWD) exceeded revenue and earnings per share estimates in the second quarter, impressing analysts despite the recent Microsoft outage. While the outage did impact the company’s performance, the impact was less severe than initially anticipated. Analysts remain optimistic about CrowdStrike’s future, citing strong customer engagement, a path to recovery, and attractive valuation.
Gain Therapeutics, Inc. (GANX) has announced positive results from its Phase 1 study for GT-02287, a potential treatment for Parkinson’s disease. The study found the drug to be safe and well-tolerated in healthy volunteers, with evidence of target engagement in the brain. The company is now planning to start a Phase 2 trial in Parkinson’s patients by the end of 2024.
Bitcoin has rebounded to $61,000, marking a 3.4% surge in the last 24 hours. Analysts are watching for potential impacts of the upcoming US presidential election on cryptocurrency prices, and Ethereum is also experiencing gains, up 3.9% at $2,580. Ethereum spot ETFs saw positive inflows, while Bitcoin spot ETFs experienced outflows. Experts are monitoring key resistance levels as Bitcoin approaches its all-time high.
Okta Inc (OKTA) shares plummeted in early trading on Thursday, despite reporting upbeat second-quarter results. While the company exceeded revenue and earnings expectations, a slowdown in subscription revenue growth and conservative guidance for the third quarter sparked concern among analysts, leading to mixed reactions and price target adjustments.
FranklinWH, a leading provider of whole-home energy management solutions, announces its expansion into the Canadian market, partnering with GridIron Power to offer reliable and sustainable energy solutions for homeowners. This move comes as Canada actively promotes renewable energy and grid stability, offering opportunities for solar plus storage systems like FranklinWH’s.
Block Inc.’s (SQ) shares are trading higher on Thursday, fueled by the positive performance of peer Buy Now, Pay Later (BNPL) company Affirm Holdings, Inc. (AFRM). Affirm’s strong quarterly results, including revenue growth of nearly 50% year-over-year and upbeat guidance, have boosted sentiment in the BNPL sector.
Jiyue, the electric vehicle joint venture between Baidu and Geely, has started pre-sales for its second model, the Jiyue 07 electric sedan. The car will officially launch on September 10th and is priced competitively against the Tesla Model 3. The Jiyue 07 boasts the Apollo 2.0 smart driving system at a discounted price.
Nvidia exceeded expectations in its second-quarter earnings report, driven by strong data center performance. However, the stock dipped after hours, prompting varied reactions from Wall Street analysts. Some see it as a buying opportunity, while others remain cautious about margin pressures and future growth.
Palantir Technologies, a data analytics company, has been named a leader in AI and machine learning platforms by Forrester Research. The recognition comes amidst volatility in the broader AI sector following Nvidia’s latest earnings report. While Nvidia shares experienced a dip after reporting strong revenue but declining margins, Palantir shares rose, likely benefiting from the positive Forrester report and a broader rebound in AI stocks.
