Tesla shares hit an all-time high on Friday, rising 5% to close at $389.22 per share. The stock surge is attributed to CEO Elon Musk’s upcoming advisory role in President-elect Donald Trump’s administration, alongside Vivek Ramaswamy.
Meanwhile, server maker Super Micro Computer secured an extension to file its delayed annual and quarterly reports, causing shares to surge nearly 7% on Friday. Palantir also announced a FedRAMP high baseline authorisation, driving its stock price to a record-high closing of $76.34 per share.
Oracle is set to release its second-quarter earnings on Monday, with investors expecting a boost from the company’s partnerships with other tech firms. The company has seen its shares soar 82% year-to-date, pushing its market valuation to $531.2 billion.
The public row between UK fast-fashion retailer Boohoo and Mike Ashley’s Frasers Group continues to escalate. Frasers called for Boohoo’s management to be overhauled, but the company rejected their proposal, instead appointing an independent chair and reappointing a key executive.
Tesla’s record high closes with shares of Palantir, Oracle, and Super Micro Computer also seeing significant price gains, driven by various corporate developments.
Source: https://uk.finance.yahoo.com/news/tesla-super-micro-palantir-oracle-boohoo-trending-tickers-104057880.html