Nvidia Tumbles as Big Tech Bets Big on Its Own AI Chips
Nvidia fell as big tech boosts AI spending but builds its own chips, reducing reliance on Nvidia despite higher overall investment.
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#News-Driven Stocks↓
ADW Capital Offers $18 Cash Per Share to Buy Driven Brands
ADW offers $18/share to buy Driven Brands, ~40% premium, says stock is undervalued and urges full company sale.
PayPal Makes Venmo a Standalone Unit as Buyers Circle
PayPal splits Venmo into own unit to boost clarity and value; restructures company, cuts complexity, shares rise on news.
CVC Weighs €9bn Bid to Take Italy’s Nexi Private
CVC Capital Partners may buy Nexi for €9B, but faces political hurdles and weak business performance.
Starboard Value Takes Aim at Dynatrace: Activist Push for Big Stock Boost
Starboard Value pushes Dynatrace to cut costs and boost buybacks to lift its struggling stock despite strong AI potential.
OpenAI Misses Sales and User Targets, Drags Partner Stocks Down
OpenAI missed growth targets, worrying investors as rivals rise and AI costs stay high, raising doubts about quick profits. Shares of SoftBank, Oracle, and AMD dropped sharply.