Nvidia Up on Acquisition; Snowflake Jumps on Outlook | Stock Movers
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On this episode of Stock Movers: - Nvidia (NDVA) shares are a tick higher this morning as it has agreed to acquire artificial intelligence startup Hugging Face in a transaction valued at about $13 billion. - Snowflake (SNOW) jumped this morning after it raised its outlook for annual sales, topping analysts' estimates, and reported rapid adoption of its AI-assisted coding tool. The company said more than 2,000 customer accounts started using its coding assistant called CoCo during the quarter, bringing the total to 9,100. - Meta (META) shares are higher as the social media giant released its most powerful artificial intelligence model yet. Meanwhile, other technology and growth stocks also advanced as oil prices and Treasury yields are showing signs of stabilization. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloo
Tags: Capex, Caroline Hepker, Hugging Face Inc, Investing, Mag7, Markets, Meta Platforms Inc., NVIDIA CORP, Paul Sweeney, Software, Stock Movers, Tom Keene, acquisition, artificial intelligence, merger, snowflake, stocks, technology
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