January 7, 2025
Image source: Wikimedia Commons (Uber Logo and NVIDIA Logo)
Uber teams up with NVIDIA to advance autonomous driving technology. 🚗 NVIDIA and Uber Technologies have partnered to hasten the creation of artificial intelligence-powered autonomous cars. The firms stated in a joint statement that the cooperation would make use of DGX Cloud and NVIDIA's Cosmos platform to improve the scalability and efficiency of autonomous driving solutions. Yahoo Finance reports.
📈 AIClimb: Shares of chipmakers jumped on Monday as Microsoft's plan to invest $80 billion in AI-enabled data centers in fiscal 2025 spurred bets that semiconductor demand would remain strong. Reuters reports.
🎥 StreamMerge: Shares of FuboTV more than doubled Monday on news the streaming service will combine with The Walt Disney Co.'s Hulu + Live TV. Yahoo Finance reports.
💻 ChipX: Qualcomm is diving further into the PC industry, debuting its new Snapdragon X chip for mid-range laptops and desktops. Yahoo Finance reports.
📢 UnionCall: Alphabet's Google is facing a second complaint from a U.S. labor board claiming that it is the employer of contract workers and must bargain with their union, the agency said on Monday. Reuters reports.
🚗 SmartDrive: StradVision partners with AMD to enhance automated driving using AI-powered perception and adaptive computing technologies. Benzinga reports.
🔋 EVRecord: Lucid Group on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than 9,000 vehicles in 2024 — meeting a previously announced target. CNBC reports.
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.
1. $:MSAI: MultiSensor AI Holdings
Total gain: 114.99%
2. $:RIME: Algorhythm Holdings
Total gain: 82.52%
3. $:GETY: Getty Images Holdings
Total gain: 78.21%
4. $:HCWC: Healthy Choice Wellness
Total gain: 64.77%
5. $:XTIA: XTI Aerospace
Total gain: 52.61%
* Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 9 AM ET for "Pre-Market Momentum”.
Starting the Day: Pre-Market Preparation
Every morning, my routine begins with analyzing U.S. Treasury yields. Interest rates play a crucial role in shaping stock market movements, and I track daily, weekly, and monthly changes using my custom spreadsheet. Here's why yields are vital:
For example, in 2021, the 10-year yield was at a mere 1.17%. Fast forward to now, and it has climbed to 4.20%. This dramatic shift reflects the Federal Reserve's rate hikes and impacts borrowing costs, trading strategies, and overall market sentiment.
The closing price of the top three market percent gainers trading near or above $3 on January 6.
*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time
1. $FUBO: FuboTV
Total gain: 250.00%
The company and The Walt Disney Company announced that they have entered into a definitive agreement under which Disney will combine its Hulu + Live TV business with Fubo, creating a unified virtual MVPD company. Benzinga reports.
2. $RHE: Regional Health Properties
Total gain: 116.77%
The company and SunLink Health Systems jointly announced that they have entered into a definitive agreement and plan of merger, under which SunLink will merge with and into Regional. Benzinga reports.
3. $ARBE: Arbe Robotics
Total gain: 50.96%
The company announced that, in collaboration with NVIDIA, it is enhancing free-space mapping and AI-driven capabilities to further advance the automotive industry. Benzinga reports.
*Estimate and Actual numbers represent Earnings Per Share in US Dollars
AIR: AAR
Q2 2025
After Market Close
Estimate: 0.840
Actual: N/A
AZZ: AZZ
Q3 2025
After Market Close
Estimate: 1.270
Actual: N/A
CALM: Cal-Maine Foods
Q2 2025
After Market Close
Estimate: 3.680
Actual: N/A
Time (ET) / Report / Period
8:00 am - Richmond Fed President Tom Barkin speaks
8:30 am - U.S. trade deficit - November
10:00 am - ISM services - December
10:00 am - Job openings - November
“The wise investor can profit if he follows the crowd in bull markets and avoids the crowd in bear markets.”
― Philip Fisher
Sourced in:
"Common Stocks and Uncommon Profits’’, by Philip Fisher, published in 1958.