After Rockstar and Sony Controversies This Year, CD Projekt Red Just Saved the Day

Bank of America (BAC) stock rose 2.4% to $63.49 on its involvement in a digital currency consortium and increased stake in Scout24 SE. Analysts maintain a 'Buy' consensus with upside potential. Broader market gains and softer employment data also support the rally.

Telephone and Data Systems (TDS) stock rose 7.8% after withdrawing its bid to acquire the remaining 18% of Array Digital Infrastructure. The company will instead focus on share buybacks, with $523.9 million available under existing programs. CEO Walter Carlson cited disagreements over deal terms. The broader market also gained, with the S&P 500 up 0.6% and the Dow Jones up 0.8%.

Netlist Inc. (NLST) shares dropped 10% following a court's dismissal of its patent appeal against Micron Technology (MU). The ruling was unfavorable to Netlist, impacting its ongoing IP dispute with the larger chipmaker.

Nio (NIO) dropped 4% after J.P. Morgan downgraded it to Neutral and cut its price target to $4.50, citing weak EV demand and price competition in China. The firm reduced its 2027 earnings forecast by 52%. Peers XPeng (XPEV) and Li Auto (LI) also slipped 1%. Nio reported an 18.5% vehicle gross margin in Q2 but faces cost increases in H2.

Palantir Technologies (PLTR) shares fell 3.6% to $173.38 in morning trading, retreating from a recent high of $186.38. The decline follows a 48% surge since early August, driven by strong Q2 earnings but now facing profit-taking and institutional selling, including ARK Invest's reduction of its position. The stock remains above consensus price targets, making it sensitive to sentiment shifts. The broader market is slightly positive, indicating the drop is stock-specific. Palantir recently won a

Cerebras Systems (CBRS) stock rose 5.7% to $182.40 after investors reassessed its AI data center partnership in Finland. The deal, with Compute Nordic Finland, involves a 165 MW facility with seven-year commitments. Analysts maintain a Strong Buy consensus, with price targets around $300. Institutional buying, including by ARK Invest, supports the rally. The broader market also showed gains, with the S&P 500 up 0.3%.