Here’s a look at the companies making headlines before the close: GameStop, AMC Entertainment — GameStop shares soared more than 77% amid speculation about the value of Keith Gill’s stake in the company as of Friday’s close $116 million. AMC shares rose about 25% as the meme stock craze revived. Waste Management and Stericycle – Medical waste disposal company Stericycle’s shares rose 16% after the company agreed to acquire the company for $7.2 billion. Waste management fell 1.5%. MarineMax — Shares of MarineMax, a recreational watercraft and yacht services company, rose 19% on reports that OneWater Marine is in talks to acquire the company for $40 per share in cash. Bloomberg first reported the deal, citing people familiar with the matter. Cava — Shares of the Mediterranean fast-casual chain fell nearly 2% after JPMorgan downgraded its rating to neutral from overweight. The bank cited the stock’s valuation during the call. Cava has surged 115% so far this year. Nvidia, AMD – Chipmakers Nvidia and AMD saw their shares rise 3% and 1.4% respectively after announcing the launch of new artificial intelligence chips. AMD announced its new AI chip at the Computex technology conference in Taipei on Monday, while Nvidia on Sunday unveiled a next-generation AI chip called “Rubin” that will succeed the previous “Blackwell” model released in March. Bank of America named Nvidia its top pick in Monday’s report and maintained its price target, which means the stock has room for about 36% upside. Boston Beer Co. – Shares of Japanese beer and distiller Suntory fell 11% after Bloomberg reported it denied it was in talks to acquire the owner of Samuel Adams. The Wall Street Journal reported on Friday that acquisition talks were in the early stages. Best Buy — The electronics retailer rose 2.7% after Citigroup upgraded the stock to buy from sell. Citi said the electronics retailer should see profits and valuations rise as consumers switch to technology and artificial intelligence boosts demand. Spotify – The music streaming service announced on Monday that it will increase the price of Spotify Premium subscriptions in the United States starting in July, and the company’s shares rose 4.8%. GlaxoSmithKline (GSK) — Shares of the biopharmaceutical company fell after a Delaware court on Friday allowed a jury trial in a case brought by cancer patients who claim GlaxoSmithKline’s (GSK) Zantac drug caused their condition. 8.5%. Autodesk — Shares of Autodesk soared 6.8% after the software company said it would not restate its financial results following an investigation into its accounting practices. Paramount Global — Skydance Media modifies its tender offer for Paramount and gives non-voting shareholders the option to cash in Paramount Class B shares at a premium of approximately 26% to Friday’s closing price Later, the stock price rose more than 6%. —CNBC’s Alex Harring, Brian Evans and Michelle Fox Theobald contributed reporting.
