Headline: Top Companies Making Headlines Before the Bell
Introduction:
Check out the latest updates on the top companies in the market before the bell rings. From new gaming chips to strategic partnerships, here’s what you need to know.
Nvidia
Shares of Nvidia surged by 2.5% after the company unveiled its new gaming chips for PCs with Blackwell technology at CES in Las Vegas.
Getty Images and Shutterstock
The two image databases, Getty Images and Shutterstock, saw a significant boost in their shares following the announcement of a $3.7 billion merger. Getty rose by 45%, while Shutterstock added 24%. The merged entity will retain the Getty name.
Tesla
Tesla experienced a 2% decline after Bank of America downgraded its shares to neutral from buy, citing execution risks and a high valuation.
Carvana
The online car selling platform, Carvana, saw a 3.8% increase in its shares after RBC upgraded it to outperform from sector perform, identifying a buying opportunity for investors.
Aurora Innovation
Shares of Aurora Innovation surged by 37% after the self-driving technology company revealed a partnership with Nvidia and Continental to introduce driverless trucks.
Inari Medical
Inari Medical witnessed a 21% jump in its shares after Stryker announced plans to acquire the medical device maker for approximately $4.9 billion in cash, valuing it at $80 per share. Stryker’s shares, however, slipped by nearly 2%.
FuboTV
Following a 251% surge the previous day, FuboTV’s shares added another 2% after news of Disney merging its Hulu + Live TV service with Fubo. Disney will hold a 70% stake in the newly formed entity, with Fubo owning the remaining 30%.
Micron Technology
The chipmaker, Micron Technology, saw a 3.7% increase in its shares, building on the gains from the previous session. The boost came after Nvidia’s CEO mentioned sourcing "G7 memory from Micron" for its new AI-powered graphics processing units at CES 2025.
Ulta Beauty
Ulta Beauty’s shares rose by 1% in premarket trading after the company announced the retirement of CEO Dave Kimbell, who will be succeeded by Chief Operating Officer Kecia Steelman. Ulta also raised its fourth-quarter operating margin outlook.
Uber Technologies
Uber Technologies’ shares climbed by more than 2% after the company revealed a partnership with artificial intelligence chip giant Nvidia to develop AI-powered autonomous driving technology. Additionally, Uber announced a $1.5 billion common stock repurchase program in collaboration with Bank of America.
Without CNBC.