Midday movers: Nvidia, iRobot, Coinbase and more
(Updated - November 24, 2023 12:21 PM EST)
Main U.S. indexes were mixed on Friday, in thin trading with the session set to close early the day after the Thanksgiving holiday. The Dow Jones Industrial Average was higher by 0.25%, Nasdaq was lower by 0.15%, and the S&P 500 was flat.
Here are some of the biggest U.S. stock movers today:
Nvidia (NASDAQ:NVDA) stock fell 1.5% after the world's largest semiconductor informed Chinese customers of a delay in launching its new artificial intelligence chip, the H20, designed to comply with U.S. export rules.
Walmart (NYSE:WMT) stock rose 0.75% with the country’s largest retailer hoping to benefit from Black Friday sales. The retail bellwether Walmart has added parcel stations to its stores as it looks to cash in on demand for quick deliveries during the shopping season.
Apple (NASDAQ:AAPL) stock fell 0.9% after Market research firm Counterpoint Research projected a decline in the tech giant’s unit sales during China's Singles Day sales event, which took place between October 30 and November 12.
Novo Nordisk (NYSE:NVO) stock rose 2% after the drug maker agreed to invest over $2 billion in a plant in France to boost production of its popular weight-loss and diabetes drugs, racing to meet soaring demand.
General Motors (NYSE:GM) stock rose 0.3% with the auto giant’s robotaxi unit Cruise planning to relaunch in one unspecified city before expanding to others, just weeks after California barred its self-driving vehicles from public roads following an accident last month.
Vista Outdoor (NYSE:VSTO) stock rose 2.5% after Czech gunmaker Colt CZ Group made an offer to the U.S. sporting and outdoor goods group, valuing it at about $1.7 billion.
Barclays (BCS) ADRs rose 2.2% after Reuters reported that the British lender is working on plans to save up to $1.25 billion, potentially involving cutting as many as 2,000 jobs.
iRobot (NASDAQ:IRBT) stock soared 39% after Reuters reported that Amazon (NASDAQ:AMZN) was set to gain the green light from the European Union to acquire the automated vacuum maker.
Coinbase (Nasdaq: NASDAQ:COIN) shares climbed 6% after Bitcoin topped $38,000 for the first time since May of 2022. Riot Platforms (NASDAQ:RIOT), Microstrategy, Inc. (NASDAQ:MSTR) and Marathon Digital Holdings (NASDAQ:MARA) were also higher.
Additional reporting by Louis Juricic
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