24H|Tesla Gains 2%; Super Micro and DXYZ Jump 6%; Wolfspeed Surges 12%

Tiger Newspress
2024-11-25

Tesla shares gained another 1.8% in overnight trading. The world's richest person is now worth $347.8 billion thanks to a 3.8% jump in Tesla's stock on Friday and a new funding round that gave Musk's artificial intelligence startup, xAI, a $50 billion valuation, according to the Bloomberg Billionaires Index.

Netflix shares rose 1.4% in overnight trading. Netflix stock closed at a fresh record every day this past week, with shares securing their biggest weekly gain since January — and they could keep soaring. A growing number of analysts are calling for the streaming giant's shares to soon trade in the quadruple digits.

Super Micro Computer shares gained another 6.6% in overnight trading. Super Micro stock notched nearly 80% last week gain as company hiresh new auditor.

Wolfspeed shares jumped another 12% in overnight trading. Wolfspeed stock posted explosive gains in Friday's trading. The company's share price ended the day's trading up 31% and had been up as much as 35.4% earlier in the daily session. Wolfspeed stock gained ground in conjunction with news about the compensation for executive chairman Thomas Werner and filings with the Securities and Exchange Commission (SEC) showing that insiders had recently acquired shares. In addition to these catalysts, the company's share price also appears to have benefited from a surge of bullish momentum for meme stocks.

Destiny Tech100 (DXYZ) jumped another 6.2% in overnight trading. Because it exposes private tech behemoths like SpaceX and OpenAI, which are otherwise unreachable to ordinary investors, the Destiny Tech 100 ETF has become rather popular.

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