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Morning Market Moves: Tech and Biotech Lead Thursday’s Action

Morning Market Moves: Tech and Biotech Lead Thursday’s Action

Author:

Global Cryptocurrency

Published:

2025-10-16 18:10:03

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Equity markets showed divergent trends as tech and biotech stocks dominated Thursday's trading session. Amphenol Corp surged after analyst upgrades, while Praxis Precision Medicines skyrocketed on positive Phase 3 trial results. Salesforce gained ground following updated guidance, contrasting with Meta Platforms' decline despite AI efficiency improvements.

In the semiconductor space, Advanced Micro Devices slipped even as it prepares to challenge Nvidia in the AI server market, despite receiving a price target boost. The session saw continued volatility in speculative tech names, with SoundHound AI rallying on analyst support while D-Wave Quantum tumbled despite similar endorsement.

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