Okta (OKTA) shares rose 13% in Monday trading after Macquarie raised its price target on the stock to $120 from $100 and maintained its outperform rating.
Intraday volume topped 5.48 million shares versus the daily average of almost 3.95 million.
Price: $139.59, Change: $+16.32, Percent Change: +13.24%
Seagate Technology Holdings (STX) reached a $175 million settlement in a lawsuit alleging it deceived shareholders by concealing violations of US export-control laws and inflating profit by selling $1.1 billion of hard disk drives to China's Huawei Technologies, multiple media outlets reported Monday.A preliminary settlement of the proposed class action lawsuit was filed Friday in a federal court in San Francisco and requires a judge's approval, the reports said.The company denied wrongdoing in agreeing to the settlement, Reuters reported.Seagate did not immediately respond to a request for comment from.Price: $929.29, Change: $+49.49, Percent Change: +5.63%
MGM Resorts International (MGM) shares soared 16% amid heavy trading after the company confirmed on Monday that it received an offer from People Inc. to acquire all outstanding MGM shares that it does not already own for $48.30 per share in cash.More than 16.4 million shares of the company traded intraday compared with a daily average of about 4.8 million.Sphere 3D (ANY) has completed its business combination with Cathedra Bitcoin, forming a scaled digital infrastructure platform with 53 megawatts of operating capacity and an over 100-megawatt potential expansion pipeline, the company said Monday.Shares more than doubled as intraday trading volume catapulted to over 101.7 million from a daily average of about 590,000.Salesforce (CRM) said Monday it plans to invest $2 billion in France through 2030 to expand its artificial intelligence and cloud operations.Shares jumped 10% amid a surge in intraday trading volume to over 17.4 million from a daily average of roughly 13.6 million.Price: $210.05, Change: $+18.95, Percent Change: +9.92%
Siemens, together with Nvidia (NVDA) and Fluence Energy (FLNC), developed a reference architecture for Nvidia's DSX Vera Rubin AI data center platform, designed to translate Nvidia's AI factory vision into a deployable electrical, power and controls system for hyperscalers, colocation providers and cloud infrastructure operators, Siemens said Monday.The solution is built on repeatable, scalable electrical building blocks aligned with Nvidia DSX Vera Rubin deployment units, allowing capacity to be added in phases. It can support initial deployments of tens of megawatts and scale to hundreds of megawatts without requiring a fundamental redesign.Fluence's battery energy storage provides flexibility and resilience for AI factories operating in power-constrained environments, according to the statement.Shares of Nvidia rose 4.9% in Monday trading, while Fluence shares climbed more than 42%.Price: $221.43, Change: $+10.29, Percent Change: +4.87%