Market Digest: Key Stock Movements and Crypto Adjacents

Equities opened the week with notable volatility as biotech and tech stocks dominated trading narratives. CDTX surged 14% after positive Phase 2b trial data, while AMD attracted attention as Cathie Wood's ARK Invest added to its position. The crypto adjacent play came via an unnamed exchange's rumored IPO plans - likely a bullish signal for blockchain infrastructure stocks.

Tech giants remained active with AAPL reportedly in acquisition talks with AI startup Perplexity. This follows the iPhone maker's ongoing EU regulatory battles over App Store policies. Meanwhile, TSLA's 6% pre-market jump on robotaxi announcements demonstrates how Elon Musk's ventures continue moving crypto-adjacent markets.

Institutional positioning shows divergence: Wedbush downplayed Middle East tensions' impact on tech, while Novo Nordisk's terminated collaborations created losers (HIMS) and winners (STLA) simultaneously. The market appears to be pricing bifurcated outcomes across sectors.