Nasdaq Climbs after Google, Solidion Technology Stocks Soar
Solidion Technology and Google lead exciting bullish stock movement on the Nasdaq Composite this week.
Quick overview
- The Nasdaq Composite rose 1.02% to near record highs, driven by positive market sentiment and expectations of Federal Reserve interest rate cuts.
- Solidion Technology's stock surged 113% after winning the 2025 R&D 100 Award for its innovative molten salts battery technology.
- Google's stock experienced an 8% increase following a favorable court ruling in its ongoing antitrust case, marking its largest gain in months.
- Overall, tech stocks are leading the market, with the S&P 500 and Apple also showing gains, while the Dow slightly declined.
The Nasdaq Composite added 1.02% to its near record high on Wednesday as trading closed off, and it is set to climb even higher on Thursday thanks to positive market sentiment.
Investors are enthusiastic about the potential for new Federal Reserve interest rate cuts, and trading has surged this week thanks to Google (GOOGL) making progress with this long-running antitrust suit and Solidion Technology (STI) gaining 113% throughout Wednesday’s session.
Solidion Breaks Ground with New Battery
Solidion Technology saw early morning premarket trading on Wednesday that spiked 86%. Later in the day, its stock value had gained 113%. The company, working with Oak Ridge National Laboratory, just won what is called the Nobel Prize for Engineering. That is the 2025 R&D 100 Award, and it was given to them for their molten salts battery tech.
It appears that Solidion is breaking ground on new sustainable energy sources. Technically speaking, the company has changed the way that lithium-ion batteries are made, specifically in the graphitization process. Solidion has refined that process so that it uses less energy, and their method is completely scalable so that large production can implement it to improve efficiency as well.
In recognition of what this breakthrough could mean for the energy market going forward, investors are buying in on STI and expecting that the company will really take off in the coming months and years. Their stock was the highest performing on the Nasdaq Composite index for Wednesday.
Google Stock Shoots Up
The 5-year antitrust hearing involving Alphabet, and specifically their Google Chrome web browser and Android technology, has been making progress. A court ruling determined that the company does not have to give up any of its assets or services, but they do have to share data.
This ruling is not the end of the antitrust suit, but it marks a very positive move in Alphabet’s favor, and the company’s GOOGL stock surged as a result. An 8% jump early on Wednesday marked the company’s biggest stock increase in months and resulted in widespread attention to this key stock.
The wider stock market was relatively high, with the S&P 500 gaining 0.51% and Apple (AAPL) adding nearly 4% on Wednesday. The Dow declined by 0.05%, however, and highlighted the fact that tech stocks are dominating the market right now. This is why the Nasdaq index is the highest index by a wide margin halfway through the week, and we should continue to see tech stocks do well on Thursday once the market opens.
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