Global High Pressure Grinding Roller Market to Reach $701.1 Million, Globally, by 2031 at 5.8% CAGR: Allied Market Research
Wilmington, Delaware, Oct. 14, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “High Pressure Grinding Roller Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Ferrous Material Processing and Non-Ferrous Material Processing), Application (Diamond Liberation, Base Metal Liberation, Precious Metal Beneficiation, and Pellet Feed Preparation), and End User Industry (Cement and Ore & Mineral Processing): Global Opportunity Analysis and Industry Forecast, 2022-2031”. The global high pressure grinding roller market size was valued at $399 million in 2021, and is projected to reach $701.1 million by 2031, growing at a CAGR of 5.8% from 2022 to 2031.
Prime determinants of growth
HPGR technology is significantly more energy-efficient compared to conventional grinding methods, such as ball mills. As industries strive to reduce operational costs and energy consumption, the demand for energy-efficient solutions like HPGR has risen. Stringent environmental regulations and a growing focus on sustainability are pushing industries to adopt greener technologies. HPGRs reduce energy consumption, water usage, and CO₂ emissions, aligning with global environmental standards. The mining sector is one of the largest consumers of HPGR technology, particularly in the grinding of hard rock ores. Increased demand for precious and industrial metals, such as copper, gold, and iron ore, is driving the expansion of HPGR applications in mining. HPGR offers lower operational costs compared to traditional milling, as it reduces wear on grinding components, requires less maintenance, and has lower energy requirements. This cost efficiency is a key factor driving its adoption in various industries.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $399 million |
| Market Size in 2031 | $701.1 |
| CAGR | 5.8% |
| No. of Pages in Report | 275 |
| Segments Covered | Type, Application, End User Industry, and Region |
| Drivers |
|
| Opportunities |
|
| Restraint |
|
Segment Highlights
On the basis of type, the high-pressure grinding roller market is segregated into ferrous material processing and non-ferrous material processing. The non-ferrous material processing segment dominated the market in 2021, and the ferrous material processing segment is expected to grow at a significant CAGR of 6.2% during the forecast period. The surge in penetration of the advanced technologies in high-pressure grinding roller for different industries is driving the growth of the market. The incorporation of the technologies helps in saving the cost and time for operations. In addition, it leads to more accuracy and enhanced customer satisfaction. For instance, in August 2020, ThyssenKrupp introduces new HPGR Pro – the next-generation high-pressure grinding roll with advance features rotating side-plates, controlled mechanical skew, oil lubrication and continuous optimization. Thus, this tends to drive the use of the high-pressure grinding roller. This, in turn, is expected to drive the growth of the market.
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On the basis of end user, the ore & mineral processing segment registered highest revenue in the market in 2021, and is expected to grow with high CAGR during the forecast period. Ores output from HPGR are with high ratio of fine particle, and the internal of the ore will have a lot of micro cracks. The micro cracks in the ores made by HPGR significantly improve the ore grinding efficiency, increase the mineral liberation degree, improve the flotation performance, and increase the recovery ratio of final concentrate ores. All such factors are expected to drive the high-pressure grinding roller market growth.
On the basis of end user industry, the high-pressure grinding roller market is divided into cement and ore & mineral processing. The ore and mineral processing segment dominated the market in 2021 and is expected to grow at a significant CAGR of 6.0% during the forecast period. Demand for high-pressure grinding rollers would be fueled by both the growing trend toward reducing mining costs and the rising demand for such rollers. By crushing and compressing the feed between two parallel, counter-rotating rollers, they are renowned as essential machinery that minimizes particles. The ore and mineral processing are expected to be driven by significant increase in needs and rise in population. This in turn is expected to drive the market growth.
Regional Outlook
By region, the high-pressure grinding roller market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the largest contributor to the high-pressure grinding roller market revenue in 2021. However, it is expected to grow with highest CAGR during the forecast period. The high-pressure grinding roller market in Asia-Pacific has gained traction in the recent years, owing to ongoing cement and ore and mineral processing development in China, Japan and India. Mineral production in India showcased growth of 7.5% in June 2022, according to latest data of index of Mineral Production of Mining and Quarrying Sector for June 2022. The rapid growth of the manufacturing sector in the region is expected to boost the manufacturing of high-pressure grinding roller in the coming years.
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Players: –
- AGICO Cement International Engineering Co., Ltd.
- Cast Steel Products
- Chengdu Leejun Industrial Co., Ltd.
- FLSmidth & Co. A/S
- HOSOKAWA MICRON POWDER SYSTEMS
- KHD Humboldt Wedag International AG
- Maschinenfabrik Köppern GmbH & Co. KG
- Metso Outotec Corporation
- Schenck Process Holding GmbH
- Sinosteel New Materials Co., Ltd.
- Zenith Mining & Construction Machinery Co. Ltd.
The report provides a detailed analysis of these key players in the global high pressure grinding roller market. These players have adopted strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Recent Development:
- In March 2019 – TAKRAF launched new range high-pressure grinding roller and l displayed a scale model of HPGR at the booth. The new machines can each handle more than 1,000 t/h of cement clinker, with each machine incorporating rolls with a diameter of 1,800 mm and a weight of more than 50 t per roller.
- In April 2021 – Weir group won an order to supply equipment such as high-pressure grinding rolls and screens to Swiss based Ferrexpo which is one of the largest exporters of iron ore pellets to the steel industry. Introduction of HPGRs will cut energy consumption by more than 40% compared with traditional mining technologies and will help Ferrexpo to increase output from its operations.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” Allied Market Research has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Elon Musk-Linked Organization Donates $500,000 To Scuttle Florida Cannabis Legalization Amendment
A political committee opposing Florida’s cannabis legalization measure has received a $500,000 donation from an organization reportedly linked to Tesla Inc. TSLA CEO Elon Musk‘s prior support of Gov. Ron DeSantis’s primary presidential bid. The financial boost comes as the campaign pushing for cannabis legalization crosses $100 million in contributions.
Florida’s cannabis legalization initiative, known as Amendment 3, is set to go before Florida voters in the upcoming November elections.
The Florida branch of the American Civil Liberties Union (ACLU) posted a familiar video while commenting on Musk’s anti-cannabis move, which is followed by a breakdown of the campaign finance database provided by Florida investigative reporter Jason Garcia, who covers corporate influence in Florida.
The so-called Faithful & Strong Policies, Inc., which is headed by Florida attorney Scott Wagner, made the contribution to Keep Florida Clean, a group dedicated to defeating Amendment 3, according to campaign filings (seen above). Keep Florida Clean and the Florida Freedom Fund are both chaired by James Uthmeier, DeSantis’ chief of staff and former campaign manager when the governor ran for president.
The half-million dollar injection into the anti-legalization campaign comes with just three weeks to go before the election and shortly after a new poll showing majority support for the cannabis measure, though not quite enough to meet the 60% requirement to pass the constitutional amendment. The latest NBC 6 poll, conducted from October 1-4 showed 58% of voters support the measure, falling just two points short of the threshold.
That said, the $500,000 pales in comparison to the over $100 million raised by Smart & Safe Florida, the committee that helped put the cannabis legalization amendment on the ballot. As of late August, the legalization amendment had pulled in at least $91 million according to Ballotpedia, the vast majority of which was provided by the state’s largest medical marijuana operator Trulieve Cannabis Corp TCNNF.
While Musk’s connection to Faithful & Strong Policies at the moment is uncertain, The Wall Street Journal reported that he previously contributed $10 million to the organization, with about half of that supporting DeSantis’s presidential campaign. Marijuana Moment first reported this story.
Meanwhile, DeSantis has been actively rallying opposition to the initiative as his administration has faced criticism over a taxpayer-funded public service announcement warning of impaired driving in states with legalized cannabis. At the same time, Trulieve filed a defamation lawsuit against Florida’s Republican Party, accusing it of misleading voters about the implications of Amendment 3.
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Implied Volatility Surging for Canadian Natural Resources Stock Options
Investors in Canadian Natural Resources Limited CNQ need to pay close attention to the stock based on moves in the options market lately. That is because the Nov. 15, 2024 $60.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Canadian Natural Resources shares, but what is the fundamental picture for the company? Currently, Canadian Natural Resources is a Zacks Rank #3 (Hold) in the Oil and Gas – Exploration and Production – Canadian industry that ranks in the Bottom 27% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while three analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 82 cents per share to 71 cents in that period.
Given the way analysts feel about Canadian Natural Resources right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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Professional Audio Equipment Market to Reach $37,754.90 Million, Globally, by 2033 at 6.2% CAGR: Allied Market Research
Wilmington, Delaware , Oct. 14, 2024 (GLOBE NEWSWIRE) —
Allied Market Research Published a Report, titled, “Professional Audio Equipment Market by Product (Mixers, Interfaces, Network Switches, Processors, Power Amplifiers, Speakers, PA Systems, DAW Systems, Headphones, and Microphones), Type (Stationary Professional Audio Equipment and Portable Professional Audio Equipment), Technology (Wired and Wireless), and End User (Commercial, Automotive, Home Entertainment, Sound Technicians, Corporate Event Production, and Others): Global Opportunity Analysis and Industry Forecast 2024 to 2033.” According to the report, the professional audio equipment market was valued at $20,837.30 million in 2023, and is estimated to reach $37,754.90 million by 2033, growing at a CAGR of 6.2% from 2024 to 2033.
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Growth determinant factor in the industry
These tools have simplified the process for audio experts to craft and deliver top-notch audio content. Moreover, the surge in popularity of streaming platforms and podcasts has opened up fresh avenues for professionals in the audio industry. The need for superior audio gear and services is expected to grow with a rise in the number of individuals engaging with online audio content.
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2024–2033 |
| Base Year | 2023 |
| Market Size in 2023 | $20,837.30 Million |
| Market Size in 2033 | $37,754.90 Million |
| CAGR | 6.2% |
| No. of Pages in Report | 289 |
| Segments covered | Product, Type, Technology and End user, and Region |
| Drivers | Growing Demand for High-Quality Audio Content Advancements in Wireless Technology Rise of Streaming Services and Online Content Creation |
| Opportunities | Increased Adoption in Emerging Markets |
| Restraints | High Initial Cost of Setup |
The Microphones segment maintains its leadership status throughout the forecast period.
By product, the microphones segment held the highest market share in 2023, accounting for around one-sixth of the market revenue and is estimated to maintain its leadership status during the forecast period. The need for professional microphones has increased significantly for various reasons. The surge in content creation has made top-notch audio a necessity for creators. Moreover, the transition to remote work and virtual meetings, particularly after the pandemic, has emphasized the significance of clear communication, leading to a higher demand for dependable microphones. The rise of home studios for music production and the thriving podcast industry have also contributed to the growing demand, as high-quality microphones are essential for producing studio-level recordings and captivating audio content.
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The Wireless segment maintains its leadership status throughout the forecast period.
By technology, the wireless segment held the highest market share in 2023, accounting for more than two-thirds of the market revenue and is estimated to maintain its leadership status during the forecast period. The surge in demand for professional wireless audio equipment can be credited to various factors. The freedom and flexibility that wireless systems offer are crucial in environments such as live shows, conferences, and events, enabling performers and speakers to move around without being restricted by cables. Advancements in technology have enhanced the reliability, range, and sound quality of wireless systems, making them more appealing to professionals. The revival of live events and performances has also fueled the demand, with wireless microphones and in-ear monitoring systems elevating the experience for both artists and audiences. In corporate and educational settings, wireless audio equipment is increasingly utilized for presentations, lectures, and training sessions, providing easy setup and unrestricted movement.
The Sound Technicians segment maintains its leadership status throughout the forecast period.
By end user, the sound technicians segment held the highest market share in 2023, accounting for nearly one-fifth of the market revenue and is estimated to maintain its leadership status during the forecast period. The growth of the entertainment sector, encompassing music, movies, TV, and live shows, has led to an increased demand for proficient individuals to guarantee top-notch audio production. The surge in online content creation has further emphasized the need for skilled sound technicians to oversee audio quality for various media formats like videos, podcasts, and more. Moreover, the revival of live events and performances has raised the requirement for technicians to handle audio gear and provide excellent sound experiences for crowds. Advancements in audio technology have made it essential for technicians to stay updated on the latest systems and methodologies.
The Stationary Professional Audio Equipment segment maintains its leadership status throughout the forecast period.
By type, the stationary professional audio equipment segment held the highest market share in 2023, accounting for more than two-thirds of the market revenue and is estimated to maintain its leadership status during the forecast period. The surge in digital content creation, including podcasts and YouTube channels, has increased the demand for top-notch audio setups. Musicians, producers, and voice-over artists are now creating home studios equipped with professional gear such as studio monitors, audio interfaces, and high-quality microphones. Meanwhile, traditional recording studios and broadcast facilities are upgrading their audio equipment to uphold superior sound quality. Additionally, businesses and educational institutions are integrating advanced audio systems for various purposes, such as presentations, conferences, lectures, and virtual meetings, to guarantee clear and efficient communication.
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Asia-Pacific to maintain its dominance by 2033
Based on region, the Asia-Pacific held the highest market share in terms of revenue in 2023 and is expected to dominate the market during the forecast period. The Asia-Pacific region is witnessing a significant increase in the demand for professional audio equipment, driven by various factors. Economic growth and urbanization in countries such as China, Japan, India, South Korea, and other Asian nations have led to higher disposable income and increased consumer expenditure on entertainment and events. The growing entertainment sector, marked by a surge in music concerts, festivals, live events, and corporate functions, has fueled the demand for top-notch audio equipment. The expanding entertainment sector is fueling a significant surge in investment for enhanced audio equipment. Businesses are looking to enhance their audio setups to satisfy the requirements of discerning audiences with the rising demand for top-notch sound quality at concerts, movies, and live shows. For instance, in May 2024, according to the Media and Entertainment Industry Report, the Indian Media & Entertainment (M&E) industry is valued at $30.8 billion in 2024 and projected to reach $37.2 billion by 2026.
Leading Market Players: –
- Empower Tribe IP FZE (Behringer)
- PreSonus Audio Electronics, Inc.
- SAMSUNG ELECTRONICS CO., LTD.
- Sennheiser electronic SE & Co. KG
The report analyzes government regulations, policies, and patents to provide information on the current market trends and suggests future growth opportunities. Furthermore, the study highlights Porter’s five forces analysis to determine the factors affecting market growth.
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Key Benefits for Stakeholders
- This study comprises analytical depiction of the global professional audio equipment market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall global professional audio equipment market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current global professional audio equipment market forecast is quantitatively analyzed from 2024 to 2033 to benchmark the financial competency.
- Porter five forces analysis illustrates the potency of the buyers and suppliers in the professional audio equipment market.
- The report includes the market share of key vendors and the global Professional Audio Equipment Market.
Professional Audio Equipment Market Key Segments:
By Product:
By Technology:
By End User:
- Corporate Event Production
By Type:
- Stationary Professional Audio Equipment
- Portable Professional Audio Equipment
By Region:
- North America: U.S., Canada, Mexico
- Europe: Germany, France, UK, Italy, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Rest of Asia-Pacific
- LAMEA: Latin America, Middle East, Africa
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Analyst Report: Genuine Parts Co.
Summary
Genuine Parts, established in 1928 and based in Atlanta, is a distributor of automotive replacement parts (under the NAPA brand) and accessories in the U.S., Canada, Mexico and Australasia. The Automotive Parts Group has over 6,600 stores operates across the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal, while the Industrial Parts Group serves
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Strength Seen in Wolfspeed: Can Its 20.8% Jump Turn into More Strength?
Wolfspeed WOLF shares ended the last trading session 20.8% higher at $11.48. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock’s 18% gain over the past four weeks.
Wolfspeed is benefiting from its transformation into a pure-play silicon carbide provider through portfolio optimization initiatives that concluded with the sale of its RF business.
This maker of energy-efficient lighting is expected to post quarterly loss of $0.95 per share in its upcoming report, which represents a year-over-year change of -79.3%. Revenues are expected to be $200.06 million, up 1.4% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Wolfspeed, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock’s price usually doesn’t keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on WOLF going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold).
Wolfspeed is a member of the Zacks Semiconductor – Discretes industry. One other stock in the same industry, Vishay Intertechnology VSH, finished the last trading session 2.6% higher at $18.21. VSH has returned -1.4% over the past month.
For Vishay, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.15. This represents a change of -75% from what the company reported a year ago. Vishay currently has a Zacks Rank of #3 (Hold).
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Not Dogecoin, Not Shiba Inu But Lesser-Known BOOK OF MEME And Cat In A Dogs World Token Emerge As Best-Performing Cryptos
Memecoins made full use of the return of bullish sentiment on Monday, with the less established ones topping the biggest market gainers list.
What happened: Solana SOL/USD-based BOOK OF MEME pumped over 28% to become the best-performing cryptocurrency in the last 24 hours.
The token spiked to levels not seen since July 30, with trading volume surging over 68% to $702.34 million.
| Cryptocurrency | Gains +/- | Price (Recorded at 11:30 p.m. EDT) |
| BOOK OF MEME (BOME) | +28.76% | $0.01099 |
| Cat in a dogs world (MEW) | +22.00% | $0.008811 |
| Bonk BONK/USD | +10.04% | $0.00002346 |
.Cat-themed memecoin cat in a dogs world occupied the second spot in the biggest 24-hour gainers list after a 22% surge. The coin’s trading volume nearly doubled over the last 24 hours, indicating high buying pressure.
Yet another Solana-based token, Bonk, bounced 10%, becoming the best-performing billion-dollar capitalization meme coin in the 24-hour period.
Blue-chip currencies such as Dogecoin DOGE/USD and Shiba Inu SHIB/USD also saw decent gains, rising 3.78% and 3.13%, respectively.
Overall, the total meme coin market capitalization rose over 6% in the last 24 hours.
The upsurge followed a broader market rally that saw market bellwether Bitcoin BTC/USD surge over 5% to hit levels not seen since late July.
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S&P 500 Extends Record Highs, Dow Breaks 43,000 Ahead Of Pivotal Earnings Week, Bitcoin's Rally Lifts Crypto Stocks: What's Driving Markets Monday?
Both the S&P 500 and the Dow Jones Industrial Average extended their record highs on Monday, reflecting continued bullish sentiment as investors anticipate key corporate earnings reports later this week.
The S&P 500 surged past 5,850 points during midday trading in New York, while the Dow Jones broke above the 43,000 mark for the first time. Wall Street celebrated the two-year anniversary of the bull market’s start.
However, the Nasdaq 100 is still lagging. It gained 0.7% on the day but remains about 1% below its all-time high set on July 10.
Small-cap stocks also advanced, with the Russell 2000 climbing 0.6%. Among sectors, utilities and technology led the gains, while semiconductors and homebuilders were the top-performing industries.
Despite no major economic data releases, U.S. Treasury yields edged higher, with the 10-year yield reaching 4.13%, its highest level since late July. The U.S. dollar also rose by 0.3%.
Commodities were the weakest asset class, weighed down by uncertainty over China’s stimulus measures. Gold, silver, and copper fell 0.4%, 1.2%, and 2%, respectively. Crude oil prices dropped 2.3% as OPEC’s weakening demand outlook dampened sentiment.
Chinese equities, tracked by the iShares MSCI China ETF MCHI, declined 1.1%.
In the crypto space, Bitcoin BTC/USD stood out as the best performer, rallying 4.5% to surpass $65,000. Other cryptocurrencies and crypto-linked stocks followed its lead.
Monday’s Performance In Major US Indices, ETFs
| Major Indices | Price | 1-day %chg |
| S&P 500 | 5,857.62 | 0.7% |
| Nasdaq 100 | 20,409.65 | 0.7% |
| Russell 2000 | 2,245.80 | 0.6% |
| Dow Jones | 43,027.29 | 0.4% |
According to Benzinga Pro data:
- The SPDR S&P 500 ETF Trust SPY rose 0.7% to $583.72.
- The SPDR Dow Jones Industrial Average DIA rose 0.4% to $430.59.
- The tech-heavy Invesco QQQ Trust Series QQQ rallied 0.8% to $497.15.
- The iShares Russell 2000 ETF IWM rose 0.6% to $222.52.
- The Technology Select Sector SPDR Fund XLK outperformed, up 1.2%. The Energy Select Sector SPDR Fund XKE lagged, down 0.3%.
Monday’s Stock Movers
- Vistra Corp. VST surged more than 5% after BNP Paribas initiated coverage with an Outperform rating and a $231 price target.
- Wells Fargo & Co. WFC rallied 3.7%, after soaring 5.6% Friday, after Bank of America Securities raised the price target on the stock from $70 to $75.
- SoFi Technologies Inc. SOFI soared over 9% following the announcement of a major agreement with Fortress Investment Group LLC for its loan-platform business.
- Upstart Holdings Inc. UPST jumped over 4% after Wedbush upgraded the stock to Neutral, boosting its price target from $10 to $45.
- Coinbase Global Inc. COIN, CleanSpark Inc. CLSK and MARA Holdings Inc. MARA rallied 7.7%, 7.3% and 5.4%, respectively, on the heels of Bitcoin’s rally.
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