SNAP, ARM, FIG, LYFT and more

Check out the companies making headlines in after-hours trading. Snap — The social media company surged 26% after it unveiled a $500 million buyback program and issued strong fourth-quarter revenue guidance. On top of that, Snap said Perplexity AI will pay it $400 million to integrate the AI startup’s search capabilities into Snapchat. Arm Holdings…

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Stocks making the biggest moves premarket: QCOM, WBD, PZZA, DUOL

Check out the companies making headlines before the bell: Qualcomm — Shares slipped 1% as Qualcomm expects that it will lose Apple as a customer for its modem business in the coming years. This potential waning opportunity overshadowed Qualcomm’s fiscal fourth-quarter earnings and revenue beat and strong current quarter forecast. Warner Bros. Discovery — Shares…

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Alibaba-backed Moonshot releases new AI model Kimi K2 Thinking

Alibaba-backed Chinese startup Moonshot has launched one of the more popular generative AI chatbots called Kimi. Sopa Images | Lightrocket | Getty Images Chinese startup Moonshot on Thursday released its latest generative artificial intelligence model which claims to beat OpenAI’s ChatGPT in “agentic” capabilities — or understanding what a user wants without explicit step-by-step instructions….

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Cathie Wood trims her bitcoin bull case on threat of stablecoins taking some market share

Ark Invest’s Cathie Wood has trimmed her most bullish forecast for bitcoin, acknowledging that the rapid rise of stablecoins is taking on a role she once thought bitcoin would fill. “Stablecoins are usurping part of the role that we thought bitcoin would play,” Wood, CEO and chief investment officer of Ark, said Thursday on CNBC’s ”…

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