By Joe Woelfel
Stocks fell Tuesday after the latest job openings numbers were higher than expected.
These stocks were making moves Tuesday:
Nvidia fell 2.8% to $145.31 after the artificial-intelligence chip maker unveiled its next generation gaming graphic cards late Monday at the CES tech trade show in Las Vegas. CEO Jensen Huang announced the coming RTX 5090 card and three other models, all of which will use "Blackwell" architecture chips. "Blackwell, the engine of AI, has arrived for PC gamers," Huang said. The 5090 and 5080 will be available on Jan. 30, while other cards will be available starting in February.
On Monday, Nvidia set a record closing high, finishing up 3.4% at $149.43.
Micron Technology jumped 4.3% after Nvidia's Huang, during his keynote address at CES, discussed the company's RTX 50 family of gaming chips and mentioned that Micron was providing memory for the graphics processing units. Micron shares closed Monday with a gain of more than 10%.
Uber Technologies was up 1.3% after the ride-hailing company said it was teaming with Nvidia to develop autonomous-driving technology.
Aurora Innovation rose 30% after the self-driving technology company partnered with Nvidia to deploy driverless trucks. Nvidia's Huang announced the long-term manufacturing deal with Aurora and Continental, Aurora's manufacturing partner, at CES. Nvidia DRIVE Thor, an in-vehicle computing platform, will be used in the primary computer of the Aurora Driver.
Palantir Technologies was down 5.6% to $71.66 after shares of the software company, which has leaned heavily into artificial intelligence, fell 5% on Monday after analysts at Morgan Stanley assumed coverage with an Underweight rating and set a price target of $60, implying downside of about 21%.
Moderna gained 10% after the first bird flu death was reported in the U.S. Moderna is one of a few drug companies currently developing a vaccine for the H5N1 bird flu, which is spreading rapidly through farms and wild animals in North America.
FuboTV was the big winner on Monday, rising 251%, after the company announced it would be merging its sports streaming service with Walt Disney's Hulu + Live TV service. The stock rose an additional 18% on Tuesday.
Carvana rose 6% to $200.17 after analysts at RBC Capital upgraded shares of the online used-car retailer to Outperform from Sector Perform and raised their price target to $280 from $270. A report last week from short-seller Hindenburg Research accused Carvana of accounting manipulation and lax underwriting, describing the company's turnaround as a "mirage."
Getty Images jumped 31% to $3.38 after agreeing to a merger of equals with Shutterstock in a deal with an enterprise value of about $3.7 billion. Shutterstock rose 19%.
UniFirst rose 31% after Cintas, a competitor in workplace uniforms, made an offer to acquire the company, valuing it at $5.1 billion. Cintas said it initially delivered its offer to the UniFirst board on Nov. 8. Shares of Cintas were up 2.9%.
Inari Medical was rising 22% to $79.30 after Stryker agreed to acquire the medical technology maker for $80 a share, or about $4.9 billion.
Write to Joe Woelfel at joseph.woelfel@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
January 07, 2025 10:22 ET (15:22 GMT)
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