ACN, SNPS soar on AI deals; CTVA plunges 83%

CTVA  Corteva

Corteva Inc. (CTVA) dropped 83.81% after agreeing to a $455M PFAS settlement and a U.S. District Court ruling cleared the way for its seed business spin-off, transferring significant equity value (per Timothy Sykes).

ACN  Accenture

Accenture plc (ACN) gained 15.78% after beating Q4 earnings and revenue, announcing a multi-year AI partnership with OpenAI and Anthropic, and expanding its AWS collaboration (per Investing.com).

SNPS  Synopsys

Synopsys Inc. (SNPS) jumped 12.78% on a multi-year partnership with OpenAI for AI chip design and a $1B IP and tools deal with Amazon, alongside strong FY27 guidance (per StocksToTrade).

FICO  Fair Isaac

Fair Isaac Corporation (FICO) shares plunged 11.69% after major banks, including Wells Fargo and Goldman Sachs, slashed price targets due to weaker mortgage volumes and rising competition (per StocksToTrade).

PSKY  Paramount Skydance

Paramount Skydance Corporation (PSKY) fell 9.58% amid heightened concerns over its planned Warner Bros. Discovery acquisition, facing potential increased interest costs and a court-ordered settlement conference (per StocksToTrade).

NKE  Nike Inc

Nike Inc (NKE) is facing a 'low bar, high stakes' fiscal Q1 2027 earnings report after market close on October 1st, with analysts expecting declining sales and short interest at a record high (per Barchart.com).

LITE  Lumentum Holdings Inc

Lumentum Holdings Inc (LITE) surged 7.67% after delivering Q4 results that topped Wall Street's forecasts and providing an upbeat outlook, signaling a coming demand inflection for its optical components tied to AI (per TradingKey).

AAOI  Applied Opt

Applied Opt (AAOI) rose 8.12%.

COHR  Coherent Inc

Coherent Inc (COHR) rallied 10.90% after Bernstein initiated coverage with an Outperform rating and a $350 price target, calling optical players 'structural winners' from the AI infrastructure boom (per StocksToTrade).

ACN  Accenture plc

Accenture plc (ACN) gained 15.78% after beating Q4 earnings and revenue, announcing a multi-year AI partnership with OpenAI and Anthropic, and expanding its AWS collaboration (per Investing.com).

OpenAI has dismissed three employees for violating policies on handling sensitive company information, following an investigation into misconduct related to confidential data (per CBS News).

OpenAI has decided not to release its new GPT-6.1 Astra model to the public due to safety concerns, stating the model 'didn't quite meet the bar' in terms of scope and authorization (per CBS News).

ACN  Accenture & Anthropic AI safety

Accenture and Anthropic are partnering to build an embedded AI safety evaluator team, with each company pledging at least $1 billion over five years for red-teaming and model alignment work (per Timothy Sykes).

SNPS  Synopsys partners with OpenAI and Amazon

Synopsys announced a multi-year partnership with OpenAI to co-develop specialized AI models for chip design and a multi-year IP and tools deal with Amazon, valued at over $1 billion (per StocksToTrade).

MRVL  Marvell Technology Group Ltd

Marvell Technology Group Ltd (MRVL): Analysts are buying Marvell as the company continues to expand its data center and AI infrastructure offerings, with strong demand for its custom silicon solutions.

8:30 AM ET, prior 162,000 jobs added (August), 4.1% (August unemployment rate).

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