BUSINESS

Alphabet Inc. Class C shares inched up modestly Friday, trading around $316.80 after gaining 0.43 cents or 0.14%, as investors weighed the tech giant's accelerating artificial intelligence initiatives against plans for record capital spending that could pressure near-term margins.

NEW YORK — IREN Ltd. shares jumped more than 8% in morning trading Friday, climbing to $40.21 as investors embraced the former Bitcoin miner's aggressive pivot into artificial intelligence infrastructure, highlighted by plans to scale its GPU fleet to 150,000 units and target billions in annualized AI cloud revenue.

NEW YORK — Fluence Energy Inc. shares climbed more than 7% in morning trading Friday, reaching $14.56 as investors bet on the battery storage company's strong positioning in the surging U.S. energy storage market fueled by artificial intelligence data centers, grid modernization and supportive domestic manufacturing policies.

NEW YORK — Credo Technology Group Holding Ltd. shares surged more than 10% in morning trading Friday, reaching $119.23 as investors piled into the high-speed connectivity specialist amid unrelenting demand for its solutions powering massive AI data center buildouts.

NEW YORK — Texas Pacific Land Corp. shares jumped more than 10% in morning trading Friday, climbing to $417.06 as investors appeared to shake off recent volatility tied to the passing of a major shareholder and renewed optimism around the company's diversification into AI infrastructure and data centers on its vast West Texas holdings.

HONG KONG — Li Auto Inc. shares climbed more than 3% Friday on the Hong Kong Stock Exchange, closing at HK$74.20 after adding HK$2.30, as investors cheered a strong March delivery rebound and anticipation for the upcoming launch of the refreshed flagship Li L9 amid a competitive but recovering Chinese new energy vehicle market.

NEW YORK — Ivanhoe Electric Inc. shares rose sharply in morning trading Friday, gaining about 7.77% to $13.87 as investors bet on the company's role in bolstering domestic supplies of copper and other critical minerals amid growing demand from electrification, data centers and national security initiatives.

MELBOURNE, Australia — Telix Pharmaceuticals Ltd. shares surged more than 7% Friday as the Australian radiopharmaceutical company received a key regulatory boost in the United States, highlighting its growing role in precision oncology diagnostics and therapeutics.

NEW YORK — Astera Labs Inc. shares jumped more than 10% in early trading Friday, climbing to around $142.62 as investors piled into the semiconductor company riding the AI infrastructure boom.

Shares of Organon & Co. skyrocketed more than 17% in early trading Friday, April 10, 2026, surging to $8.12 as rumors of a potential takeover bid circulated on Wall Street, injecting fresh excitement into the struggling women's health pharmaceutical company that has languished near multi-year lows for much of the year.

NEW YORK — The S&P 500 climbed to 6,837.97 and the Nasdaq Composite reached 22,951.16 in early trading Friday, April 10, 2026, extending a powerful relief rally sparked by the U.S.-Iran ceasefire and hopes that weekend negotiations in Islamabad will stabilize global energy markets and reduce geopolitical tensions.

NEW YORK — The Dow Jones Industrial Average blasted through the 48,000 milestone Friday morning, climbing more than 280 points in early trading on April 10, 2026, as investors cheered the fragile U.S.-Iran ceasefire and anticipated lower energy prices and reduced geopolitical risk.

TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co. shares rocketed to a fresh intraday high of 2,000 Taiwan dollars Friday, jumping 2.30% as investors cheered the world's largest contract chipmaker's explosive growth fueled by insatiable demand for artificial intelligence processors.

NEW YORK — Ethereum traded near $2,180 early Friday, easing slightly after a strong midweek surge triggered by a U.S.-Iran ceasefire announcement, while investors weighed renewed institutional interest through spot ETFs against upcoming U.S. inflation data that could sway Federal Reserve policy expectations.

NEW YORK — Bitcoin traded near $71,534 early Friday, showing resilience after a sharp rebound driven by easing Middle East tensions and robust institutional buying through U.S. spot exchange-traded funds, even as investors awaited March inflation data that could influence Federal Reserve policy.

SYDNEY — With the Reserve Bank of Australia's cash rate sitting at 4.10 percent after back-to-back 25-basis-point hikes in February and March 2026, economists and financial markets are closely watching for signs of another increase as soon as the May 5 meeting, driven by persistent inflation pressures, a resilient domestic economy and global uncertainties from the Middle East conflict.

SYDNEY — ANZ Group Holdings Ltd shares rose modestly by 0.16 percent to $38.81 in intraday trading Friday on the Australian Securities Exchange, reflecting resilience in Australia's banking sector amid higher-for-longer interest rates and ongoing cost discipline under CEO Nuno Matos.

SYDNEY — Goodman Group (ASX: GMG) shares rose 0.65 percent to close at $28.00 in intraday trading Friday, extending a recent rebound as investors continue to reward the property giant's aggressive pivot toward data centres amid surging global demand for artificial intelligence infrastructure.

BALTIMORE — Shares of Under Armour Inc. (NYSE: UAA) rose sharply on Thursday, closing at $6.27, up 28 cents or 4.67%, as investors showed renewed confidence in the sportswear company's ongoing turnaround efforts amid signs of stabilizing North American sales and international growth.

NORTH CANTON, Ohio — Shares of Diebold Nixdorf Inc. (NYSE: DBD) jumped nearly 6% on Friday, closing at $84.51, up $4.70 or 5.89%, as the banking and retail technology company joined the S&P SmallCap 600 index and investors bet on continued momentum from strong 2025 results and optimistic 2026 guidance.

Ocular Therapeutix Inc. shares jumped more than 10% Thursday to close at $9.30 as investors bet on the biotech firm's momentum in retinal disease treatments, fueled by upcoming presentations of additional positive data from its landmark SOL-1 Phase 3 superiority trial of AXPAXLI for wet age-related macular degeneration.

World oil prices plunged Thursday as a U.S.-brokered two-week ceasefire between the United States, Israel and Iran triggered a sharp unwinding of geopolitical risk premiums, sending Brent crude below $100 a barrel for the first time in weeks after it had spiked above $110 amid fears over disruptions in the Strait of Hormuz.

CORNING, N.Y. — Corning Inc. shares climbed more than 3% Thursday to trade around $170.30 as investors rewarded the materials science giant's deepening role in powering artificial intelligence data centers with high-density optical fiber, cable and connectivity solutions amid explosive hyperscale demand.

AMSTERDAM — Nebius Group N.V. shares surged more than 7% Thursday to trade around $134.60 as investors bet big on the fast-growing AI cloud provider's landmark infrastructure contracts with hyperscalers and fresh Wall Street coverage highlighting its role in the artificial intelligence buildout.

LAS VEGAS — CleanSpark Inc. shares climbed more than 5% Thursday to trade around $10.38 as investors cheered the Bitcoin miner's robust March production numbers and accelerating pivot toward artificial intelligence and high-performance computing infrastructure in Texas.

MIAMI — Hut 8 Corp. shares surged more than 3% Thursday to trade around $63.72, extending a blistering multi-day rally that has pushed the stock up sharply in recent sessions as investors pile into the former Bitcoin miner's aggressive shift toward artificial intelligence and high-performance computing infrastructure.

FREMONT, Calif. — Aehr Test Systems Inc. stock rocketed higher Thursday, climbing more than 8% to trade around $68 as investors bet on the semiconductor test equipment maker's surging order book tied to artificial intelligence infrastructure, even after the company posted mixed fiscal third-quarter results.

WATERLOO, Ontario — Shares of BlackBerry Ltd. jumped more than 6% Thursday after the once-iconic smartphone maker posted stronger-than-expected fourth-quarter fiscal 2026 results and issued first-quarter guidance that topped Wall Street forecasts, signaling continued momentum in its shift to enterprise cybersecurity and embedded software.

CEDAR PARK, Texas — Shares of Firefly Aerospace Inc. rose nearly 2% Thursday as the fast-growing space and defense technology company continued to draw attention from investors betting on its expanding role in lunar missions, responsive national security launches and artificial intelligence-enabled spacecraft capabilities.