Nvidia captures the market zeitgeist, WK Kellogg bakes up a big deal, and Delta soars: Opening Bid takeaways

It's an individual stock story day on Wall Street.

While the broader markets continue to take renewed Trump tariff headlines in stride while searching for a fresh catalyst, individual companies are dominating the session today.

Here is everything we touched on during Yahoo Finance's Opening Bid on Thursday.

Delta (DAL) soared as much as 14% as it landed a big second quarter and outlook. Shares were tops on the Yahoo Finance Trending Ticker page.

If the airline giant's earnings day is any indication of the broader earnings season, the market may be poised to take off to another level.

The company beat quarterly analyst estimates by $0.03, but it's what Delta said that has excited investors. Its third quarter EPS guidance of $1.25 to $1.75 was $0.38 above consensus at the high end. The company called out steady demand trends. It restored full-year EPS guidance and hiked the dividend by 25%.

StockBroker.com's Jessica Inskip said on Opening Bid, "I think the bar has been really set very low for this earnings season. I expect to see a lot of beats."

Bitcoin prices reached a new all‑time high, climbing to over $112,000. That surpasses its previous peak of around $111,900 seen in May of this year.

The move has ignited another push higher in crypto plays such as Circle (CRCL) and Robinhood (HOOD). The drivers of the latest bitcoin record aren't clear. Some traders speculate it's short covering, and others say it's a flight to perceived safety amid tariff uncertainty.

Inskip said the desire to trade around the clock by retail investors is also driving bitcoin prices.

To $4 trillion and beyond!

We continue to track Nvidia the day after the AI chip darling became the first company to reach $4 trillion market cap.

Shares are on the rise today, supported by a bullish call on rival Advanced Micro Devices (AMD) from HSBC analyst Ryan Mellor, who cited strong demand for AI chips.

The potential for extra chocolaty cereal from WK Kellogg (KLG) is on the rise. Shares of the Froot Loop and Frosted Flakes maker have spiked more than 31% as chocolate giant Ferrero offers a $3.1 billion buyout deal. The company's market was around $1.5 billion prior to the news.

If closed, this deal would remove from public markets the other Kellogg brand that was spun off in 2023. Kellanova (K) — maker of Pringles and snack bars — is in the process of being purchased for $36 billion by gum king Wrigley.

"These are iconic brands, and so you include our iconic brands with their iconic brands. One of the reasons we got into this is because it offers us an opportunity to actually get some regional expansion as well, opens us up to a broader set of snacking categories," Mars Wrigley North America president Anton Vincent recently told me about the rationale for the Kellanova deal at Cannes Lions.