Stocks making the biggest moves midday: Nvidia, Super Micro Computer, Unilever, Nordstrom and more

Check out the companies making headlines in midday trading. Nvidia – Nvidia slumped more than 3% after the AI chipmaker unveiled its widely-anticipated next-generation chips. Several Wall Street firms boosted their price targets on Nvidia in the wake of the event. The company plans to roll out the first iteration of the AI graphics processors known as Blackwell later this year. Competitor Advanced Micro Devices dropped 6.8% following the news.

Nordstrom is working with investment banks Morgan Stanley and Centerview Partners to see if private equity firms are interested in a deal, Reuters said, citing people familiar with the matter. Tencent Music — Shares of the Chinese internet stock rallied 5.5% on the back of its quarterly earnings report. Tencent Music saw growth of more than 20% in the number of paying users on an annualized basis, although total revenue fell compared with the year-earlier period.

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