Take a look at the companies making headlines in midday trading. Shares of Nvidia, the artificial intelligence darling, fell 5%, reversing course after rising to a record high earlier in the session. Nvidia announced new computer gaming chips powered by its Blackwell technology at a conference in Las Vegas. Tuesday’s decline comes on the heels of strong performance in 2024 for Nvidia, one of the best performers in the S&P 500. UniFirst – Shares of the maker of school and work uniforms rose 18% after rival Cintas confirmed it had submitted a proposal to acquire the company for $275 per share in cash. The Wall Street Journal first reported the development. Cintas shares rose 2%. Getty Images and Shutterstock – The stock prices of the two image libraries soared after the companies announced a $3.7 billion merger, with the new entity retaining the Getty name. After the news was announced, Getty’s stock price rose by more than 24%, and Shutterstock’s stock price rose by nearly 20%. Aurora Innovation – Shares of Aurora Innovation surged 37% after the self-driving technology company announced partnerships with Nvidia and Continental. The agreement focuses on the rollout of driverless trucks. Inari Medical — Shares of Inari Medical soared 22% after Stryker said it would acquire the medical device maker in a deal worth about $4.9 billion, or $80 per share in cash. Stryker shares fell 1.6%. FuboTV — The streaming service gained nearly 7% after rising 251% in the previous session. On Monday, Disney announced it would merge its Hulu+ live TV service with Fubo. Disney will own 70% of the company, while Fubo shareholders will own 30%. Micron Technology — Shares of the chip maker rose 3%, extending Monday’s 10% gain. Nvidia shares rose this week after Chief Executive Jensen Huang said the company was purchasing Micron’s G7 memory for its new artificial intelligence graphics processing unit. Moderna — The pharmaceutical stock rose 11%. Moderna is one of a handful of drugmakers currently developing a vaccine for bird flu, a disease that has been thrust into the spotlight after the first human death in the United States. Paychex — The human resources stock rose 2% after reaching a final agreement to acquire human resources software provider Paycor for $22.50 per share. On the other hand, Paycor shares fell 3%. Tesla – Shares of the electric car giant fell 4% after Bank of America downgraded its rating to “neutral” from “buy.” The bank cited execution risks and high valuations as reasons for the pause. Carvana — Shares of the online car seller rose about 7% after Royal Bank of Canada upgraded its rating on the online car seller to outperform from sector perform. Analyst Brad Erickson said last month’s “controversial pullback” created an attractive buying opportunity for the stock. —CNBC’s Li Yun, Jesse Pond, Lisa Han, Michelle Fox, Sean Conlon and Sarah Min reported
