24H | Wolfspeed Surges Another 15%; UiPath Jumps Another 9%; AMD and Costco Gain 2%

Tiger Newspress
10/09

Wolfspeed shares surged another 15% in overnight trading after jumped 14% on Wednesday. Volatility continues for Wolfspeed stock after its emergence from Chapter 11 protection late last month. The restructuring allowed Wolfspeed to slash its total debt by 70% and debt payments by 60%.

UiPath shares climbed another 9% in overnight trading, following a 21% surge over the past three sessions. The software and automation company announced new partnerships last Tuesday with some heavy hitters in AI, including OpenAI and Nvidia.

AMD shares gained another 2% in overnight trading, following a 43% surge over the past three sessions. AMD signed AI chip-supply deal with OpenAI, gave it option to take a 10% stake.

Driven by increased traffic in its U.S. and Canadian warehouse stores, Costco’s sales reached $26.58B for the five weeks between September and October, an increase of 8% year-over-year. The shares rose 1.5% in overnight trading.

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