Shares of NVIDIA Corp. (NVDA) decreased by 0.3% after news broke that the company plans to acquire assets from Groq, a designer of high-performance AI accelerator chips, for $20 billion in cash. In contrast, NIKE Inc. (NKE) saw its shares rise 4.6% following Apple Inc. CEO Tim Cook’s purchase of $3 million in NIKE stock.
Dynavax Technologies Corp. (DVAX) experienced a significant surge, with shares climbing 38.2% after Sanofi (SNY) announced it would acquire the company in a deal valued at approximately $2.2 billion. Meanwhile, Intel Corp. (INTC) shares fell 0.5% after NVIDIA halted testing its manufacturing chips using Intel’s 18A production process.
