Why Bitdeer Technologies Inc. (BTDR) Went Up On Thursday

From Yahoo Finance: 2025-05-09 00:42:00

The stock market saw gains on Thursday as investors reacted positively to President Trump’s trade deal framework with the UK. The Nasdaq led with a 1.07% increase, followed by the Dow Jones at 0.62% and the S&P 500 at 0.58%. Trump indicated a baseline tariff for UK imports while hinting at future trade deals.

Bitdeer Technologies Inc. (BTDR) experienced a 19.30% increase on Thursday, reaching $13.54 per share. The company is set to release its first-quarter earnings and is expected to earn 5 cents per share for the quarter and 29 cents for the full year 2027. Additionally, BTDR secured a $200 million credit line from Matrixport to boost its ASIC manufacturing efforts.

BTDR ranks 6th among Thursday’s top-performing stocks. While BTDR shows promise, investing in AI stocks may offer higher returns. Consider exploring AI stocks that trade at less than 5 times their earnings for potentially greater growth.

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