STMicroelectronics announces multibillion-dollar deal with Amazon, stock surges 8%<\/h2>\n\nSTMicroelectronics (STM) said Monday that it expanded its partnership with Amazon (AMZN) through a multiyear, multibillion-dollar contract, sending shares of the chip manufacturer and designer up about 8% in premarket trading.<\/p>\n
Under the agreement, ST will supply Amazon Web Services with chips and other technologies for its data centers. The move demonstrates ST’s push into the artificial intelligence market, lessening its reliance on other chip end uses, such as electric vehicles.<\/p>\n
\u201cThis strategic engagement establishes ST as an important supplier to AWS and validates the strength of our innovation, proprietary technology portfolio, and proven manufacturing-at-scale capabilities,” ST CEO Jean-Marc Chery said. “Our advanced semiconductor solutions will directly power AWS\u2019s next-generation infrastructure, enabling their customers to push the boundaries of AI, high-performance computing, and digital connectivity.”<\/p>\n
The deal comes after Amazon, like the other hyperscalers, said it plans to spend billions more on the artificial intelligence infrastructure build-out. Last Thursday, Amazon forecast it would spend $200 billion on capital expenditures, a massive increase from its $125 billion spending plans in 2025.<\/p>\n
Amazon stock was down fractionally in premarket trading.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n
- \n\n\n\n\n
Monday.com stock drops 15% on guidance miss<\/h2>\n\nMonday.com (MNDY) stock got crushed in premarket trading after the software company’s first quarter financial guidance fell short of expectations. It’s the latest tough break for the shares, down 15% ahead of the opening bell, as the company has gotten swept up in the sell-off that punished software names.<\/p>\n
In the fourth quarter, Monday.com reported adjusted earnings per share of $1.04, beating estimates of $0.92. Revenue grew 25% year over year to $333.9 million, also beating expectations of $329.6 million, according to S&P Global Market Intelligence consensus estimates.<\/p>\n
However, the company’s first quarter revenue guidance of $338 million to $340 million came in below expectations of $342 million. Operating income is expected in a range of $37 million to $39 million, compared to the $45 million the Street was expecting.<\/p>\n
The stock recently faced significant losses amid a sell-off in software stocks, as investors questioned whether the disruption from artificial intelligence could take a bigger bite out of these companies’ businesses than previously expected. Year to date, Monday.com stock is down 33%.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n
- \n\n\n
![\"Jenny](\"https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/Mu961r2aioIDU88sl1pWxA--~B\/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--\/https:\/\/o.aolcdn.com\/images\/dims?image_uri=https%3A%2F%2Fo.aolcdn.com%2Fimages%2Fdims%3Fimage_uri%3Dhttps%253A%252F%252Fs.yimg.com%252Fos%252Fcreatr-uploaded-images%252F2024-10%252F82cf5f80-8bd8-11ef-babf-b4e662504245%26compress%3D1%26progressive%3D1%26quality%3D75%26client%3Dhawkeye%26signature%3Deba9c6bf409177b1a8c7fa8257231200b686e99c&compress=1&progressive=1&quality=75&client=hawkeye&signature=839dce8d897765d2f2bd1f7dbbf52134bb20dcb4\")
<\/div>\n<\/p><\/div>\n\n\n\nPremarket trenders: Kroger, Hims and Hers, and Strategy<\/h2>\n\nKroger (<\/strong>KR<\/strong>) <\/strong>stock rose 5% before the bell following reports that ex-Walmart executive Greg Foran would be the supermarket’s next CEO.<\/p>\nHims and Hers (<\/strong>HIMS<\/strong>) <\/strong>stock sank 18% during premarket hours on Monday following the withdrawal of its $49 copy of a weight-loss pill after legal threats from \u200bNovo Nordisk (NVO) and a potential investigation from the US Food and Drug Administration.<\/p>\nStrategy (<\/strong>MSTR<\/strong>) <\/strong>shares fell 4% before the bell as bitcoin again dipped below $70,000. Strategy is one of the largest corporate holders of bitcoin, and its stock is currently down 14% over the last month following bitcoin’s decline.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Novo Nordisk surges as Hims pulls $49 weight loss pill under FDA pressure<\/h2>\n\nNovo Nordisk (NVO) stock rose 6% before the bell on Monday after Hims & Hers (HIMS) scrapped the launch of its $49 copy of a weight-loss pill following legal threats from the \u200bDanish group and a potential investigation from the US Food and Drug Administration.<\/p>\n
Shares of Hims (HIMS) fell nearly 15% in premarket trading on Monday.<\/p>\n
Novo’s stock faced pressure recently after rival Eli Lilly’s shares rallied last week following the release of its fourth quarter earnings, and it now expects 2026 revenue to grow, compared to Novo, which said it expected sales to fall this year.<\/p>\n
Yahoo Finance’s Jake Conley reported:<\/p>\n
Reuters reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Bitcoin dips below $70,000 after wild roller-coaster ride<\/h2>\n\nBitcoin (BTC-USD) fell below $70,000 on Monday following a week of wild swings for the world’s largest cryptocurrency.<\/p>\n
Bloomberg News reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Gold advances above $5,000 as dip-buyers return to choppy market<\/h2>\n\nGold (GC=F) rose above $5,000 an ounce on Monday as dip-buyers returned following a volatile week for precious metals.<\/p>\n
Bloomberg news reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
QuantumScape jumps after the launch of its battery production factory Eagle Line<\/h2>\n\nQuantumScape stock rose 14% before the bell on Monday after launching its “Eagle Line” in San Jose, a high-tech pilot factory designed to mass-produce its battery parts.<\/p>\n
Simply Wall Street reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n\n\n
Japanese PM election leads to Nikkei 225 surge<\/h2>\n\nAP Finance reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n
STMicroelectronics (STM) said Monday that it expanded its partnership with Amazon (AMZN) through a multiyear, multibillion-dollar contract, sending shares of the chip manufacturer and designer up about 8% in premarket trading.<\/p>\n
Under the agreement, ST will supply Amazon Web Services with chips and other technologies for its data centers. The move demonstrates ST’s push into the artificial intelligence market, lessening its reliance on other chip end uses, such as electric vehicles.<\/p>\n
\u201cThis strategic engagement establishes ST as an important supplier to AWS and validates the strength of our innovation, proprietary technology portfolio, and proven manufacturing-at-scale capabilities,” ST CEO Jean-Marc Chery said. “Our advanced semiconductor solutions will directly power AWS\u2019s next-generation infrastructure, enabling their customers to push the boundaries of AI, high-performance computing, and digital connectivity.”<\/p>\n
The deal comes after Amazon, like the other hyperscalers, said it plans to spend billions more on the artificial intelligence infrastructure build-out. Last Thursday, Amazon forecast it would spend $200 billion on capital expenditures, a massive increase from its $125 billion spending plans in 2025.<\/p>\n
Amazon stock was down fractionally in premarket trading.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n
Monday.com stock drops 15% on guidance miss<\/h2>\n\nMonday.com (MNDY) stock got crushed in premarket trading after the software company’s first quarter financial guidance fell short of expectations. It’s the latest tough break for the shares, down 15% ahead of the opening bell, as the company has gotten swept up in the sell-off that punished software names.<\/p>\n
In the fourth quarter, Monday.com reported adjusted earnings per share of $1.04, beating estimates of $0.92. Revenue grew 25% year over year to $333.9 million, also beating expectations of $329.6 million, according to S&P Global Market Intelligence consensus estimates.<\/p>\n
However, the company’s first quarter revenue guidance of $338 million to $340 million came in below expectations of $342 million. Operating income is expected in a range of $37 million to $39 million, compared to the $45 million the Street was expecting.<\/p>\n
The stock recently faced significant losses amid a sell-off in software stocks, as investors questioned whether the disruption from artificial intelligence could take a bigger bite out of these companies’ businesses than previously expected. Year to date, Monday.com stock is down 33%.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n
- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Premarket trenders: Kroger, Hims and Hers, and Strategy<\/h2>\n\nKroger (<\/strong>KR<\/strong>) <\/strong>stock rose 5% before the bell following reports that ex-Walmart executive Greg Foran would be the supermarket’s next CEO.<\/p>\nHims and Hers (<\/strong>HIMS<\/strong>) <\/strong>stock sank 18% during premarket hours on Monday following the withdrawal of its $49 copy of a weight-loss pill after legal threats from \u200bNovo Nordisk (NVO) and a potential investigation from the US Food and Drug Administration.<\/p>\nStrategy (<\/strong>MSTR<\/strong>) <\/strong>shares fell 4% before the bell as bitcoin again dipped below $70,000. Strategy is one of the largest corporate holders of bitcoin, and its stock is currently down 14% over the last month following bitcoin’s decline.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Novo Nordisk surges as Hims pulls $49 weight loss pill under FDA pressure<\/h2>\n\nNovo Nordisk (NVO) stock rose 6% before the bell on Monday after Hims & Hers (HIMS) scrapped the launch of its $49 copy of a weight-loss pill following legal threats from the \u200bDanish group and a potential investigation from the US Food and Drug Administration.<\/p>\n
Shares of Hims (HIMS) fell nearly 15% in premarket trading on Monday.<\/p>\n
Novo’s stock faced pressure recently after rival Eli Lilly’s shares rallied last week following the release of its fourth quarter earnings, and it now expects 2026 revenue to grow, compared to Novo, which said it expected sales to fall this year.<\/p>\n
Yahoo Finance’s Jake Conley reported:<\/p>\n
Reuters reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Bitcoin dips below $70,000 after wild roller-coaster ride<\/h2>\n\nBitcoin (BTC-USD) fell below $70,000 on Monday following a week of wild swings for the world’s largest cryptocurrency.<\/p>\n
Bloomberg News reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Gold advances above $5,000 as dip-buyers return to choppy market<\/h2>\n\nGold (GC=F) rose above $5,000 an ounce on Monday as dip-buyers returned following a volatile week for precious metals.<\/p>\n
Bloomberg news reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
QuantumScape jumps after the launch of its battery production factory Eagle Line<\/h2>\n\nQuantumScape stock rose 14% before the bell on Monday after launching its “Eagle Line” in San Jose, a high-tech pilot factory designed to mass-produce its battery parts.<\/p>\n
Simply Wall Street reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n\n\n
Japanese PM election leads to Nikkei 225 surge<\/h2>\n\nAP Finance reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n
Monday.com (MNDY) stock got crushed in premarket trading after the software company’s first quarter financial guidance fell short of expectations. It’s the latest tough break for the shares, down 15% ahead of the opening bell, as the company has gotten swept up in the sell-off that punished software names.<\/p>\n
In the fourth quarter, Monday.com reported adjusted earnings per share of $1.04, beating estimates of $0.92. Revenue grew 25% year over year to $333.9 million, also beating expectations of $329.6 million, according to S&P Global Market Intelligence consensus estimates.<\/p>\n
However, the company’s first quarter revenue guidance of $338 million to $340 million came in below expectations of $342 million. Operating income is expected in a range of $37 million to $39 million, compared to the $45 million the Street was expecting.<\/p>\n
The stock recently faced significant losses amid a sell-off in software stocks, as investors questioned whether the disruption from artificial intelligence could take a bigger bite out of these companies’ businesses than previously expected. Year to date, Monday.com stock is down 33%.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n
Premarket trenders: Kroger, Hims and Hers, and Strategy<\/h2>\n\nKroger (<\/strong>KR<\/strong>) <\/strong>stock rose 5% before the bell following reports that ex-Walmart executive Greg Foran would be the supermarket’s next CEO.<\/p>\nHims and Hers (<\/strong>HIMS<\/strong>) <\/strong>stock sank 18% during premarket hours on Monday following the withdrawal of its $49 copy of a weight-loss pill after legal threats from \u200bNovo Nordisk (NVO) and a potential investigation from the US Food and Drug Administration.<\/p>\nStrategy (<\/strong>MSTR<\/strong>) <\/strong>shares fell 4% before the bell as bitcoin again dipped below $70,000. Strategy is one of the largest corporate holders of bitcoin, and its stock is currently down 14% over the last month following bitcoin’s decline.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Novo Nordisk surges as Hims pulls $49 weight loss pill under FDA pressure<\/h2>\n\nNovo Nordisk (NVO) stock rose 6% before the bell on Monday after Hims & Hers (HIMS) scrapped the launch of its $49 copy of a weight-loss pill following legal threats from the \u200bDanish group and a potential investigation from the US Food and Drug Administration.<\/p>\n
Shares of Hims (HIMS) fell nearly 15% in premarket trading on Monday.<\/p>\n
Novo’s stock faced pressure recently after rival Eli Lilly’s shares rallied last week following the release of its fourth quarter earnings, and it now expects 2026 revenue to grow, compared to Novo, which said it expected sales to fall this year.<\/p>\n
Yahoo Finance’s Jake Conley reported:<\/p>\n
Reuters reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Bitcoin dips below $70,000 after wild roller-coaster ride<\/h2>\n\nBitcoin (BTC-USD) fell below $70,000 on Monday following a week of wild swings for the world’s largest cryptocurrency.<\/p>\n
Bloomberg News reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Gold advances above $5,000 as dip-buyers return to choppy market<\/h2>\n\nGold (GC=F) rose above $5,000 an ounce on Monday as dip-buyers returned following a volatile week for precious metals.<\/p>\n
Bloomberg news reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
QuantumScape jumps after the launch of its battery production factory Eagle Line<\/h2>\n\nQuantumScape stock rose 14% before the bell on Monday after launching its “Eagle Line” in San Jose, a high-tech pilot factory designed to mass-produce its battery parts.<\/p>\n
Simply Wall Street reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n\n\n
Japanese PM election leads to Nikkei 225 surge<\/h2>\n\nAP Finance reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n
Kroger (<\/strong>KR<\/strong>) <\/strong>stock rose 5% before the bell following reports that ex-Walmart executive Greg Foran would be the supermarket’s next CEO.<\/p>\n Hims and Hers (<\/strong>HIMS<\/strong>) <\/strong>stock sank 18% during premarket hours on Monday following the withdrawal of its $49 copy of a weight-loss pill after legal threats from \u200bNovo Nordisk (NVO) and a potential investigation from the US Food and Drug Administration.<\/p>\n Strategy (<\/strong>MSTR<\/strong>) <\/strong>shares fell 4% before the bell as bitcoin again dipped below $70,000. Strategy is one of the largest corporate holders of bitcoin, and its stock is currently down 14% over the last month following bitcoin’s decline.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Novo Nordisk (NVO) stock rose 6% before the bell on Monday after Hims & Hers (HIMS) scrapped the launch of its $49 copy of a weight-loss pill following legal threats from the \u200bDanish group and a potential investigation from the US Food and Drug Administration.<\/p>\n Shares of Hims (HIMS) fell nearly 15% in premarket trading on Monday.<\/p>\n Novo’s stock faced pressure recently after rival Eli Lilly’s shares rallied last week following the release of its fourth quarter earnings, and it now expects 2026 revenue to grow, compared to Novo, which said it expected sales to fall this year.<\/p>\n Yahoo Finance’s Jake Conley reported:<\/p>\n Reuters reports:<\/p>\n Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Bitcoin (BTC-USD) fell below $70,000 on Monday following a week of wild swings for the world’s largest cryptocurrency.<\/p>\n Bloomberg News reports:<\/p>\n Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Gold (GC=F) rose above $5,000 an ounce on Monday as dip-buyers returned following a volatile week for precious metals.<\/p>\n Bloomberg news reports:<\/p>\n Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n QuantumScape stock rose 14% before the bell on Monday after launching its “Eagle Line” in San Jose, a high-tech pilot factory designed to mass-produce its battery parts.<\/p>\n Simply Wall Street reports:<\/p>\n Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n AP Finance reports:<\/p>\n Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/div>\n<\/p><\/div>\n
Novo Nordisk surges as Hims pulls $49 weight loss pill under FDA pressure<\/h2>\n
<\/div>\n<\/p><\/div>\n
Bitcoin dips below $70,000 after wild roller-coaster ride<\/h2>\n
<\/div>\n<\/p><\/div>\n
Gold advances above $5,000 as dip-buyers return to choppy market<\/h2>\n
<\/div>\n<\/p><\/div>\n
QuantumScape jumps after the launch of its battery production factory Eagle Line<\/h2>\n
Japanese PM election leads to Nikkei 225 surge<\/h2>\n