Top Companies Making Headlines in Midday Trading

Nvidia

Nvidia’s shares dropped 6.2% after announcing new gaming chips using its Blackwell technology. This comes after a successful 2024 for the company.

The school and work uniform maker saw a 21% jump following a proposal from competitor Cintas to acquire the company for $275 per share in cash.

Both image databases surged after announcing a $3.7 billion merger, with Getty rising more than 24% and Shutterstock up nearly 15%.

Shares of this self-driving technology firm soared 29% after a partnership announcement with Nvidia and Continental to roll out driverless trucks.

Shares surged 22% after Stryker announced its acquisition of the medical device maker for $4.9 billion, or $80 per share in cash.

The streaming service jumped 8% after Disney’s announcement of combining Hulu+ Live TV with Fubo. Disney will own 70% of the company.

The chipmaker’s shares rose 2.7% after Nvidia’s sourcing of Micron’s G7 memory for new AI-powered graphic processing units.

The pharmaceutical stock rallied 11.7% amid efforts to develop a vaccine for bird flu after the U.S. recorded its first human death from the disease.

The human resources stock added 2.4% following an agreement to acquire HR software provider Paycor for $22.50 a share.

The electric vehicle giant slipped 4% after a Bank of America downgrade citing execution risks and valuation concerns.

Shares of the online car seller rose 5% after an upgrade to an outperform rating, presenting a buying opportunity according to analysts.