Krispy Kreme saw a significant boost in its stock price, surging nearly 30% and heading towards its best day on record. This increase was fueled by the announcement that McDonald’s plans to sell Krispy Kreme’s doughnuts at its restaurants nationwide by the end of 2026. Meanwhile, Trump Media & Technology Group also experienced a surge in its stock price, jumping 35% following its debut on the Nasdaq after completing a merger with Digital World Acquisition Corp. McCormick also had a strong showing, with its stock jumping 10% after exceeding earnings and revenue expectations for its fiscal first quarter.
Additionally, Reddit’s stock rose by about 15% as investors continued to show interest in the social media company following its recent debut on the New York Stock Exchange. Viking Therapeutics also saw a significant increase of over 21% after announcing promising results for its experimental weight loss drug. The positive news also extended to Seagate Technology, which saw a nearly 10% increase in its stock price after receiving an upgrade from Morgan Stanley, citing the company’s better earnings power from generative artificial intelligence and other drivers. Micron Technology experienced a smaller increase of 2% after Mizuho Securities reiterated its buy rating and raised its price target, highlighting a strong AI opportunity that could lead to increased sales in the coming years.