Newmont Up on Gold's Rise; Nvidia and Palantir Slump; Tesla's Tariff Slide
On this episode of Stock Movers:
- Newmont Corp. (NEM) shares are rising as gold prices rise and investors make defensive plays amid policy uncertainty about US tariffs.
- Palantir (PLTR) shares are sliding in the premarket as investors exposed to the AI trade continues to weigh on Magnificent 7 stocks.
- Nvidia (NVDA) dropped pre-market following a disappointing IPO from the company it's backing, CoreWeave. The pure play AI start-up began trading Friday and shares fell below its offering price of $40. Nvidia's down 18% on the year coming into Monday.
- Tesla (TSLA) shares are down amid President Trump's incoming auto tariffs and as it expects to released its first-quarter deliveries on Wednesday. The electric car company snapped its nine-week losing streak last week, though it is down 35% on the year entering the trading day.
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