Late Night Market Recap

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  Night.Owl
 
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•  02 Jan 2026
 

•   AAPL  
   
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•   APLD  
   
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•   BIDU  
   
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•   DNN  
   
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•   HOOD  
   
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$BIDU Baidu stood out as the session’s top mover, rallying sharply on news that it will spin off and pursue a Hong Kong listing for its AI chip unit Kunlunxin. The strategic shift toward AI hardware unlocked fresh investor interest and drove several analyst upgrades, reinforcing confidence in the company’s leadership in Chinese tech innovation and long-term growth prospects.

$APLD Applied Digital also delivered a strong performance, pushing higher ahead of its imminent earnings release as traders positioned around optimism in its AI-focused data center business. Elevated options interest and heavy volume underscored growing expectations for bullish guidance tied to demand for high-performance computing infrastructure.

$DNN Denison Mines continued to benefit from the uranium sector’s renewed momentum, rallying as progress toward a final investment decision on the Phoenix ISR project drew attention from resource investors. The stock’s strength reflected broader enthusiasm for nuclear fuel names amid energy security narratives and ETF inflows.

$SOUN SoundHound AI moved upward as the company highlighted new in-car voice technology applications targeting everyday use cases like dining and parking. After a period of volatility, this positive session suggested that practical AI monetization stories are resonating again with traders.

$IONQ Despite technical pressure, IonQ maintained relative strength after briefly dipping below a key moving average. Notable options activity hinted at sustained institutional interest, with quantum computing’s long-duration promise keeping traders engaged around potential future catalysts.

$HOOD Robinhood posted modest gains as mixed sentiment about its future prospects played out among market participants. The platform’s expansion into additional asset categories continues to support optimism, even as concerns about competition and regulatory hurdles temper bullish conviction.

$NIO traded with relative calm after reporting recent delivery figures, keeping the stock in focus among global EV peers. Investors appeared to be recalibrating expectations around demand and competitive positioning rather than reacting to a specific new catalyst.

$AAPL Apple drifted slightly lower amid renewed valuation concerns following cautious analyst commentary. While the company’s ecosystem strength and enterprise demand remain supportive, debates around mixed-reality adoption and device momentum weighed modestly on sentiment.

$TSLA Tesla closed lower as traders reacted to weaker fourth-quarter delivery data and signs of slowing EV demand in key markets. Despite record energy storage deployments and long-term autonomy narratives, the near-term delivery miss kept pressure on the stock, prompting reassessment of growth assumptions.

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