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On Tue, 7 Jan, 4:06 PM UTC
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Stocks making the biggest moves premarket: Nvidia, Getty Images, Tesla and more
Check out the companies making headlines before the bell. Nvidia -- Shares gained 2.5% after the company announced new gaming chips for PCs utilizing its Blackwell technology at CES in Las Vegas. Getty Images , Shutterstock -- Shares of the two image databases were soaring after the companies announced a $3.7 billion merger . Getty rose 45%, while Shutterstock added 24%. The new company will keep the Getty name. Tesla -- The electric vehicle company declined 2% after Bank of America downgraded shares to neutral from buy, citing execution risks and a steep valuation. Carvana -- The online call selling platform popped 3.8% on the heels of RBC's upgrade to outperform from sector perform. RBC said a recent pullback creates an opportunity for investors to buy in. Aurora Innovation -- Shares surged 37% after the self-driving technology company announced a partnership with Nvidia and Continental to roll out driverless trucks. Inari Medical -- Shares popped 21% after Stryker announced plans to buy the medical device maker for roughly $4.9 billion, or $80 per share in cash. Stryker shares slipped nearly 2%. FuboTV -- Shares added 2%, a day after soaring 251% on the news Disney will merge its Hulu + Live TV service with Fubo. Disney will own 70% of the company, while Fubo will own 30%. Micron Technology -- The chipmaker jumped 3.7%, adding to gains from the prior session when Micron Technology closed up 10%. The move comes after Nvidia CEO Jensen Huang , during a keynote address at CES 2025, said it's sourcing "G7 memory from Micron" for its new AI-powered graphics processing units. Ulta Beauty -- The beauty retailer saw shares rising 1% in premarket after the company announced the retirement of CEO Dave Kimbell, who will be succeeded by Chief Operating Officer Kecia Steelman. Ulta also hiked its outlook, saying its fourth-quarter operating margin will land above the high end of its previously projected range. Uber Technologies - Shares rose more than 2% after the company announced it's partnering with artificial intelligence chip giant Nvidia to develop AI-powered autonomous driving technology . Uber also announced that it's working with Bank of America to repurchase $1.5 billion of its common stock through an accelerated share repurchase program. -- CNBC's Yun Li, Alex Harring, Jesse Pound, Sean Conlon, Michelle Fox and Sarah Min contributed reporting
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Nvidia, Micron, Uber and Walt Disney rise premarket; Tesla falls By Investing.com
Investing.com -- US stock futures steadied Tuesday, ahead of the release of key employment data. Nvidia (NASDAQ:NVDA) stock rose 2.4% after the chip giant unveiled new products such as artificial intelligence to better train robots and cars, souped-up gaming chips and its first desktop computer, as it expounded upon its potential to expand its business. Tesla (NASDAQ:TSLA) stock fell 1.6% after Bank of America (NYSE:BAC) downgraded its stance to "neutral" from "buy", saying that execution risk is high at its valuation. Meta Platforms (NASDAQ:META) stock fell 0.6% after the Facebook-parent Meta Platforms said it would end its current third-party fact-checking program in the United States and instead begin moving to a 'Community Notes' program similar to that on social media platform X. Microsoft (NASDAQ:MSFT) stock rose 0.5% after the software giant announced plans to spend $3 billion to expand its Azure cloud and artificial intelligence capacity in India. Apple (NASDAQ:AAPL) stock fell 1.1% after analysts at MoffettNathanson downgraded its stance on the iPhone maker to "sell" from "neutral", expressing concerns about the company's future prospects. Micron (NASDAQ:MU) stock rose 4.2% after Nvidia CEO Jensen Huang revealed that the company is supplying memory chips for Nvidia's new graphics processing units. Aurora Innovation (NASDAQ:AUR) stock soared 40% after the autonomous-trucking technology company said it formed a long-term partnership with chip designer Nvidia and automotive supplier Continental to deliver driverless trucks at commercial scale.
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Nvidia, Micron, and Aurora Innovation see significant stock gains due to AI-related announcements, while Tesla faces a downgrade. The tech sector shows strong movement in premarket trading.
In a significant market shift, several tech companies saw their stocks surge in premarket trading, primarily driven by advancements in artificial intelligence (AI) and related technologies. Nvidia, a leader in the AI chip market, experienced a 2.5% increase in share value following its announcement of new gaming chips utilizing Blackwell technology at the Consumer Electronics Show (CES) in Las Vegas 12.
Nvidia's CEO, Jensen Huang, unveiled a range of new products at CES, including AI solutions for training robots and cars, enhanced gaming chips, and the company's first desktop computer. These announcements underscore Nvidia's potential for business expansion and its commitment to pushing the boundaries of AI technology 2.
Micron Technology saw a substantial 3.7% jump in stock value, building on its previous day's 10% gain. This surge came after Nvidia's CEO revealed that the company is sourcing "G7 memory from Micron" for its new AI-powered graphics processing units 12.
Aurora Innovation experienced an even more dramatic increase, with shares soaring by 37-40%. The self-driving technology company announced a long-term partnership with Nvidia and Continental to develop and deploy driverless trucks at a commercial scale 12.
Other tech giants also made headlines with AI-related announcements. Microsoft revealed plans to invest $3 billion in expanding its Azure cloud and AI capacity in India, reflecting the growing importance of AI infrastructure 2.
Uber Technologies saw a 2% rise in share value after announcing a partnership with Nvidia to develop AI-powered autonomous driving technology. The ride-hailing company also disclosed plans to repurchase $1.5 billion of its common stock through an accelerated share repurchase program with Bank of America 1.
While many AI-focused companies saw gains, some tech giants faced challenges. Tesla experienced a 2% decline following a downgrade by Bank of America from "buy" to "neutral," citing execution risks and high valuation 12.
Apple also saw a 1.1% drop in stock value after analysts at MoffettNathanson downgraded their stance to "sell" from "neutral," expressing concerns about the company's future prospects 2.
These market movements highlight the growing influence of AI on investor sentiment and company valuations. As tech companies continue to innovate and integrate AI into their products and services, the market is likely to remain responsive to advancements in this field.
The surge in AI-related stocks also underscores the increasing competition in the sector, with companies like Nvidia, Micron, and Aurora Innovation positioning themselves as key players in the evolving technological landscape.
Major tech companies and cryptocurrency-related stocks experience significant premarket movements. Apple, Nvidia, and crypto stocks like Coinbase see notable declines, while other companies face mixed results.
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Major tech companies see significant stock price movements following strong earnings reports and positive forecasts. Nvidia, Salesforce, and CrowdStrike are among the top performers in after-hours trading.
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Nvidia, Dollar Tree, and Hormel Foods face declines while GitLab sees a rise in premarket trading. This market movement reflects ongoing shifts in the tech and retail sectors.
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The Nasdaq Composite index climbs as tech giants Nvidia and Tesla see significant gains. This occurs against the backdrop of Super Tuesday primaries in the US presidential race.
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A comprehensive look at recent market movements and strategic investments by tech giants Apple and Nvidia, alongside Warren Buffett's Berkshire Hathaway, amidst global trade tensions and AI advancements.
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