Stocks Making Headlines: Nvidia Dips, Getty Images and Shutterstock Surge After Merger Deal

Check out the companies making headlines in midday trading. Nvidia — Shares of the artificial intelligent darling slid 5%, reversing course after rising to an all-time high earlier in the session. Nvidia announced new gaming chips for computers that use its Blackwell technology at a conference in Las Vegas. Tuesday's slide comes after a strong 2024 for Nvidia, during which it was one of the best performers in the S & P 500 .

UniFirst — The school and work uniform maker jumped 18% after competitor Cintas confirmed it submitted a proposal to acquire the company for $275 per share in cash. The Wall Street Journal first reported the development. Cintas shares rose 2%. Getty Images , Shutterstock – The two image databases surged on the heels of the companies' announcing a $3.7 billion merger , with the new entity keeping the Getty name. Following the announcement, Getty jumped more than 24%, while Shutterstock gained nearly 20%. Aurora Innovation — Shares soared 37% after the self-driving technology firm announced a partnership with Nvidia and Continental. The agreement is focused on rolling out driverless trucks. Inari Medical — Shares surged 22% after Stryker said it would buy the medical device maker in a transaction valued at about $4.9 billion, or $80 per share in cash. Stryker shares shed 1.6%. FuboTV — The streaming service jumped nearly 7%, adding to the 251% it gained in the previous session. On Monday, Disney announced it will combine its Hulu+ Live TV service with Fubo. Disney will own 70% of the company, while Fubo shareholders will own 30%. Micron Technology — The chipmaker jumped 3%, extending Monday's 10% gain. This week's bump came after Nvidia CEO Jensen Huang said it's sourcing Micron's G7 memory for new AI-powered graphic processing units. Moderna — The pharmaceutical stock rallied 11%. Moderna is one of few drugmakers currently developing a vaccine for bird flu, a disease that's been pushed in the spotlight after the U.S

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shutterstock and Getty Images will join to become a $3.7 billion visual content companyVisual content companies Shutterstock and Getty Images will join to become a $3.7 billion visual content company. The companies said Tuesday that they
Source: Mynorthwest - 🏆 438. / 53 Read more »

Shutterstock and Getty Images will join to become a $3.7B visual content companyVisual content companies Shutterstock and Getty Images will join to become a $3.7 billion visual content company
Source: ABC - 🏆 471. / 51 Read more »