Morning Market Movers: Tech and Biotech Dominate Early Trading

Solidion Technology's shares surged following its breakthrough energy storage solution tailored for AI data centers, signaling growing infrastructure demands for artificial intelligence workloads. Meanwhile, Palantir Technologies gained ground after securing a Street-high price target, reflecting persistent institutional confidence in its government and enterprise software platforms.

Biotech faced headwinds as Tvardi Therapeutics collapsed on disappointing clinical results, contrasting sharply with Microsoft's aggressive expansion into autonomous driving through a potential $2 billion Wayve investment. The tech giant further solidified its AI ambitions with a strategic partnership alongside the London Stock Exchange.

Plant-based protein pioneer Beyond Meat stumbled after disclosing exchange offering details, while Salesforce rode momentum from its global Agentforce 360 rollout. Market participants notably ignored Microsoft's denial of Xbox retail exit rumors, focusing instead on its executive reshuffle appointing Matt Milton to lead Canadian operations.