Nvidia shares pulled back despite announcing new gaming chips, while UniFirst soared on a potential acquisition by Cintas. Getty Images and Shutterstock jumped after announcing a merger deal, and FuboTV surged following Disney's investment.
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
TECHNOLOGY MERGERS ACQUISITIONS STOCK MARKET HEALTHCARE
United States Latest News, United States 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
Read more »
Shutterstock and Getty Images to Merge in $3.7 Billion DealShutterstock and Getty Images announced a merger, creating a visual content company worth $3.7 billion. The combined entity will offer a wider range of imagery, video, music, 3D content, and other media to customers. Getty Images shareholders will own majority stake in the company, which will operate under the Getty Images name and trade on the New York Stock Exchange under the 'GETY' ticker symbol.
Read more »
Shutterstock and Getty Images to Merge, Creating $3.7 Billion Visual Content GiantShutterstock and Getty Images announced a merger, forming a combined company valued at $3.7 billion. The companies aim to offer customers a wider range of visual content, including still imagery, video, music, 3D, and more. Getty Images shareholders will hold a majority stake in the new entity, which will operate under the Getty Images brand and trade on the New York Stock Exchange.
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
Read more »
Getty Images to Acquire Shutterstock in $3.7 Billion DealGetty Images and Shutterstock announced a $3.7 billion merger to create a leading stock image company focused on the AI era. The combined entity will offer enhanced content, expanded event coverage, and new technologies. Shutterstock shareholders can choose cash, Getty shares, or a combination. The deal aims to address challenges from generative AI tools that create images from text prompts.
Read more »
Getty Images and Shutterstock to Merge in $3.7 Billion DealGetty Images and Shutterstock announced a merger valued at $3.7 billion, creating a visual content giant. The companies, facing competition from AI-generated images, aim to offer a broader range of still imagery, video, music, 3D content, and more. The merger will be a combination of equals, with Getty shareholders owning 54.7% and Shutterstock stockholders owning 45.3% of the combined entity.
Read more »