Innovation & Tech
Meta shares surged 11.3% Monday as rapid adoption of its Muse AI agent and new commerce integrations raised expectations for subscriptions, transactions and other revenue beyond the company’s traditional advertising business.
Innovation & Tech
AMD crossed the $1 trillion market-cap threshold for the first time after a 9.9% surge, extending a 2026 rally powered by record revenue, rapid data center growth and major AI infrastructure agreements.
Earnings
AutoZone shares climbed after quarterly earnings exceeded expectations despite softer revenue and same-store sales. A sharp gross-margin increase, higher net income and improving sales late in the quarter helped offset the weaker top-line results.
Business Trends
On Holding shares surged after the company set ambitious 2029 sales and margin targets, authorized its first $1 billion share buyback and detailed plans to expand beyond its core running business into football and golf.
Innovation & Tech
Alibaba unveiled its Zhenwu V900 AI chip alongside major cloud and model expansion plans, sending BABA shares higher as investors assessed the company’s growing push across the AI computing stack.
Cryptocurrencies
Bitcoin climbed more than 7% above $85,000 while Coinbase shares gained about 3.5% Monday. The crypto exchange also launched retail IPO access, extending its push into traditional financial markets despite the Senate’s failure to advance the CLARITY Act.
Business Trends
Tesla reopened reservations for its long-delayed Roadster ahead of an Oct. 1 reveal, helping put TSLA stock higher Monday. The event arrives alongside third-quarter deliveries, earnings and updates across Tesla’s expanding vehicle and autonomy programs.
Business Trends
Novo Nordisk shares fell about 8% after its capital markets day left investors looking for more clarity on growth beyond semaglutide. The company outlined a $23 billion pipeline target and at least five potential multi-blockbusters, but near-term questions remain.
Innovation & Tech
Meta’s fast-growing Muse AI agent triggered a broad rally in CPU-linked semiconductor stocks as investors focused on the computing demands of autonomous AI. Arm surged about 15%, Intel 14% and AMD 9%, while Meta gained nearly 9%.
Innovation & Tech
New Era Energy & Digital shares surged about 30% after securing up to 207 MW of contracted power for the first phase of its Texas data center project. The 20-year agreement addresses a key infrastructure requirement, though the company still needs to meet significant financial commitments.
Innovation & Tech
Accenture shares moved higher after the company announced a long-term partnership with Anthropic focused on evaluating advanced AI models. The companies expect to invest at least $1 billion each over five years as Accenture expands beyond enterprise AI implementation into frontier-model safety.
Business Trends
Paramount Skydance shares climbed after the company reached a settlement with California and other states challenging its Warner Bros. Discovery acquisition, removing a major legal obstacle while adding production, investment and other commitments to the deal.