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Thursday’s after-hours trading is buzzing with stocks showing strong momentum. As markets shift, investors should watch these key players making strides across industries. Here’s a quick look at today’s top movers:

Agora, Inc. (NASDAQ: API) shares skyrocketed during Wednesday’s session, reaching a new 52-week high of $6.23 before closing at $4.94, up an impressive 79.94%. With after-hours trading continuing the upward trend, this surge was driven by massive, short covering. Following its Q2 2024 revenue report of $34.2 million—a modest increase from $34.0 million in Q2 2023—the stock had been consolidating through September but has now broken out, signaling it as a must-watch stock for investors looking to capitalize on the momentum.

Power Nickel Inc. (TSXV: PNPN) (OTCQB: PNPNF)ismaking waves with its summer drilling program at the Lion Zone discovery in Quebec. The program has seen 10 out of 12 drill holes intercept sulphide mineralization, extending the high-grade zone by 150 meters. CEO Terry Lynch emphasized the expansion of the Lion Zone, now spanning 350 meters laterally and 450 meters vertically. With ground-based geophysics ongoing and more targets expected by mid-October, Power Nickel is positioning itself as a potential world-class polymetallic discovery, making it one to watch.

Peraso Inc. (NASDAQ: PRSO) continues to gain traction with investors after securing a major military contract for its Perspectus module, which utilizes advanced 60 GHz mmWave RF technology to improve battlefield communications. Peraso’s expansion into Asia, with high-speed internet systems for Korean trains and a wireless internet provider in Kenya, has further boosted global growth prospects. Benchmark’s recent “Buy” rating and $4 price target underscore the long-term potential of its technology across military and commercial sectors, particularly the expanding Fixed Wireless Access (FWA) market. Read entire report. 

MicroAlgo Inc. (NASDAQ: MLGO), in collaboration with WiMi (NASDAQ: WIMI), has launched a micro-consciousness quantum research center, integrating quantum theory, AI, and neuroscience. With WiMi holding a 48% stake and limited institutional ownership, MicroAlgo remains under the radar but may soon gain attention, particularly with its focus on brain-computer interfaces and AI technologies.

AGBA Group (NASDAQ: AGBA) successfully completed its forward split and began trading under the new structure today, Tuesday, October 2, 2024, closing up 29.39% with a trading volume of 2,188,755 shares. This forward split is the first of two final steps before the merger’s completion. In the next phase, the company will rebrand as “Triller Group Inc.” with the new trading symbol NASDAQ: ILLR. The split highlights the significant value that AGBA’s board and management have already delivered and will continue to contribute to the combined company.

Inspire Veterinary Partners, Inc. (NASDAQ: IVP) has announced a promising new venture, signing a letter of intent (LOI) to acquire Vetsie.ai, an AI platform that enhances veterinary practices through instant, accurate access to patient data. This acquisition, expected to be an all-stock deal, aligns with Inspire’s ownership model focused on both practitioner and pet welfare. With this innovative approach, Inspire offers a smooth transition for veterinary practice owners looking to maintain the unique qualities of their businesses.

As these stocks make significant strides, they have caught the eye of investors during after-hours trading. Whether through technological advancements, strategic acquisitions, or strong financial performance, these companies are poised for continued growth. Be sure to watch closely as they drive market interest and offer potential high-return opportunities for savvy investors looking to take action.