Braiin's stock surged 62% after the launch of its Aria AI agent, which targets the real estate sector, indicating a potential for scalable software opportunities in a market projected to reach $32 billion by 2033, according to CEO Natraj Balasubramanian. In contrast, AppLovin's shares fell 12%, making it the worst performer in the S&P 500, as it faced its sixth loss in seven sessions.
Biogen saw a nearly 2% increase after Truist upgraded its rating to buy, anticipating positive outcomes from upcoming drug trial data. Nio's shares rose 3% following a Goldman Sachs upgrade to buy, with a new price target of $7 suggesting a 46% upside. SpaceX's stock dropped nearly 4%, nearing its IPO price, despite the FAA closing an investigation that allows for a flight test.
SK Hynix's shares fell 8% after a strong debut on Nasdaq, with Seoul-listed shares dropping over 15%. The memory and chip sector faced pressure, with the Roundhill Memory ETF down 9% and major companies like Sandisk and Western Digital also declining. MGM Resorts gained over 1% amid reports of private talks with Barry Diller's company regarding a potential buyout.
Energy stocks rose as oil prices increased over 4% following geopolitical tensions, benefiting companies like Valero Energy and ConocoPhillips. Additionally, Shopify and Deckers Outdoor Group saw gains after Jefferies upgraded their ratings, citing strong fundamentals and product innovation, respectively