Nvidia Rebounds; Roche Higher; Palantir Pop
On this episode of Stock Movers:
- Nvidia (NVDA) is rebounding after the China ban and news Huawei unveiled new technology, including SuperPod cluster designs and AI accelerators, to challenge Nvidia's dominance in the growing market.
- Roche (RHHBY) is higher this morning on news it will acquire the biopharmaceutical company 89bio for up to $3.5 billion, bolstering the Swiss drugmaker’s pipeline in the booming market to treat obesity and related illnesses. Analysts say the deal makes sense.
- Palantir (PLTR) is gaining on news Palantir will invest up to £1.5b in the UK through a new partnership with the Ministry of Defence, according to a government statement.
- Red Cat Holdings (RCAT) is lower as the drone company announced a stock offer. It says it is integrating robotic hardware and software for military, government, and commercial operations, announced today the pricing of an underwritten public offering of 15,625,000 shares of common stock at a price to the public of $9.60 per share.Eric Mollo
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