On June 18, HIVE Digital Technologies rose 8.31% in pre-market trading, trading at $4.45/share, with turnover of $256,800.

On the news front, the company previously reported Q4 earnings per share of $0.02, significantly beating market expectations of a $0.22 loss, marking a year-over-year swing to profitability. Additionally, B.Riley raised its target price on the stock from $5 to $8 while maintaining a Buy rating. The strong earnings surprise and bullish analyst signal continue to resonate, with the current stock price still well below the investment bank target, sustaining positive market sentiment.

Within the Application Software sector, peers showed broad gains, with AppLovin Corporation up 1.5%, Strategy up 1.45%, Salesforce up 0.76%, Palantir Technologies up 0.69%, and Adobe up 0.38%, reflecting continued strength in AI infrastructure-related names.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)