U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 0.3% on Wednesday.
Shares of Alibaba Group Holding Limited (NYSE:BABA) rose sharply in pre-market trading.
Alibaba is deepening its artificial intelligence ambitions by integrating Nvidia's (NASDAQ:NVDA) suite of "physical AI" development tools into its cloud platform, a move that strengthens ties between two of the most influential players in global AI..
Alibaba shares surged 9.3% to $178.21 in pre-market trading.
Here are some other stocks moving higher in pre-market trading.
- Lithium Americas Corp. (NYSE:LAC) shares jumped 53.3% to $4.70 in pre-market trading following reports that the Trump administration is looking to acquire a 10% stake in the company.
- Cool Company Ltd. (NYSE:CLCO) rose 20.3% to $9.34 in pre-market trading. Cool Company and EPS Ventures advanced discussions on $9.65 per share cash merger transaction.
- Atai Life Sciences N.V. (NASDAQ:ATAI) gained 9.5% to $6.14 in pre-market trading after gaining 15% on Tuesday. Atai Life Sciences and Beckley Psytech Limited, a private clinical-stage biopharmaceutical company, released data from a proof-of-concept study investigating a two-dose induction regimen of BPL-003 (intranasal mebufotenin benzoate) in patients with treatment-resistant depression (TRD).
- GDS Holdings Limited (NASDAQ:GDS) rose 9% to $41.00 in pre-market trading after dipping 5% on Tuesday.
- POET Technologies Inc. (NASDAQ:POET) gained 7.8% to $6.47 in pre-market trading after gaining around 16% on Tuesday.
- Ares Acquisition Corporation II (NYSE:AACT) rose 8.1% to $9.60 in pre-market trading after declining 5% on Monday.
- Energy Fuels Inc. (NYSE:UUUU) gained 5.5% to $17.59 in pre-market trading after gaining more than 7% on Tuesday.
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