By WSJ Staff
Alibaba (HK:9988), $(BABA)$: The Chinese technology company released its latest artificial-intelligence model and said it would issue convertible bonds to help fund cloud infrastructure. Shares jumped 5.4% in Hong Kong.
Microsoft $(MSFT)$: OpenAI and Microsoft reached a deal to extend their partnership, capping a summer of difficult negotiations. Microsoft has been one of OpenAI's earliest partners and is among its largest investors. Shares rose 1.5% in premarket trading.
Warner Bros. Discovery (WBD): The Wall Street Journal reported Thursday that Paramount Skydance $(PSKY)$ is preparing a bid for the entertainment conglomerate. Warner Bros. shares rallied premarket, on pace to build on yesterday's 29% jump. Paramount gained 1.5% ahead of the open.
SK Hynix (KR:000660): The Nvidia (NVDA) supplier said it is ready to mass-produce a new generation of memory chips. Shares rose 7% in South Korea to a record high.
Adobe $(ADBE)$: The software company raised its annual outlook for the second time this year. Shares advanced 4% before the bell.
RH $(RH)$: The furniture retailer trimmed its annual outlook as it grapples with higher tariff-related costs and uncertainty. Shares fell 8.5% premarket.
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(END) Dow Jones Newswires
September 12, 2025 05:04 ET (09:04 GMT)
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