U.S. stocks were higher, with the Dow Jones gaining around 250 points on Monday.
Shares of Alibaba Group Holding Ltd – ADR (NYSE:BABA) rose sharply during Monday's session after the e-commerce company announced the number of downloads its new app reached.
The Qianwen app, an AI assistant created by Alibaba, reached 10 million downloads within a week of its public beta launch. The app, positioned as a "smart personal assistant that not only chats but gets things done" is only available to users in China.
Alibaba Group shares jumped 4.7% to $160.16 on Monday.
Here are some other big stocks recording gains in today’s session.
- Inspire Medical Systems Inc (NYSE:INSP) shares jumped 28.6% to $115.59.
- Oscar Health Inc (NYSE:OSCR) gained 23.3% to $16.62 after Politico reported the White House will propose a two-year extension of Obamacare subsidies with new limits on eligibility.
- Cullinan Therapeutics Inc (NASDAQ:CGEM) gained 22.1% to $11.56.
- Ondas Holdings Inc (NASDAQ:ONDS) surged 20.2% to $8.10 as the company announced a $35 million strategic investment in performance drone works.
- Aduro Clean Technologies Inc (NASDAQ:ADUR) shares jumped 18.2% to $12.88.
- T1 Energy Inc (NYSE:TE) gained 18% to $3.21.
- Exzeo Group (NYSE:XZO) shares jumped 17.7% to $17.19.
- Hesai Group – ADR (NASDAQ:HSAI) gained 17.3% to $18.10.
- Cipher Mining Inc (NASDAQ:CIFR) rose 17% to $16.56 after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $12 to $18.
- Butterfly Network Inc (NYSE:BFLY) shares jumped 15.6% to $3.06.
- Relay Therapeutics Inc (NASDAQ:RLAY) gained 14.1% to $7.72.
- Lumentum Holdings Inc (NASDAQ:LITE) rose 13.2% to $289.38 after Needham raised its price target on the stock from $235 to $290 and maintained a Buy rating.
- Belite Bio Inc (NASDAQ:BLTE) gained 13% to $136.30. Cantor Fitzgerald analyst Steve Seedhouse assumed Belite Bio with an Overweight rating and announced a price target of $154.
- BigBear.ai Holdings Inc (NYSE:BBAI) gained 12.7% to $6.08 as investors reacted to a series of recent, upbeat developments for the artificial-intelligence defense contractor.
- SanDisk Corp (NASDAQ:SNDK) rose 12.4% to $225.14.
- Credo Technology Group Holding Ltd (NASDAQ:CRDO) gained 11.5% to $148.84. Credo Technology reached a license agreement with Siemon regarding Credo’s patents covering its active electrical cable technology.
- WeRide Inc (NASDAQ:WRD) gained 10.8% to $7.98 after the company reported a year-over-year increase in third-quarter financial results.
- Opendoor Technologies Inc (NASDAQ:OPEN) jumped 9.9% to $7.42.
- Celestica Inc (NYSE:CLS) shares rose 9.6% to $307.00.
- IREN Ltd (NASDAQ:IREN) gained 9.6% to $46.32.
- Applied Digital Corp (NASDAQ:APLD) surged 9.2% to $23.03 after the company announced the successful and on-time Ready for Service for the second phase at the first 100 megawatt building at Building 1 of its Polaris Forge 1 AI Factory Campus in Ellendale, North Dakota.
- Argan Inc (NYSE:AGX) gained 8.2% to $364.00. Argan will announce third quarter results on Thursday, Dec. 4.
- Micron Technology Inc (NASDAQ:MU) rose 6.9% to $221.70.
- Tesla Inc (NASDAQ:TSLA) gained 6% to $414.70. Tesla is eyeing an approval for its Full Self-Driving (FSD) feature in Europe by February 2026.
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