Check out the companies making headlines in midday trading. Nvidia – Shares of the artificial intelligence company fell 5%, reversing course after rising to an all-time high earlier in the session. Nvidia announced new gaming chips for PCs that use its Blackwell technology at a conference in Las Vegas. Tuesday's decline follows a strong 2024 for Nvidia, during which it was one of the best-performing companies in the S&P 500. UniFirst – Shares of the school and work uniform maker jumped 18% after rival Cintas confirmed it had made a bid to acquire the company for $275 per share in cash. The Wall Street Journal was the first to report this development. Cintas shares rose 2%. Getty Images, Shutterstock – The two image databases soared in the wake of the two companies announcing a $3.7 billion merger, with the new entity retaining the Getty name. After the announcement, Getty stock jumped more than 24%, while Shutterstock rose about 20%. Aurora Innovation – Shares rose 37% after the self-driving technology company announced a partnership with Nvidia and Continental. The agreement focuses on introducing self-driving trucks. Inari Medical – Shares rose 22% after Stryker said it would buy 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 jumped nearly 7%, on top of the 251% it gained in the previous session. Disney announced Monday that it will merge its Hulu + Live TV service with its Fubo service. Disney will own 70% of the company, while Fubo shareholders will own 30%. Micron Technology – The chipmaker's stock jumped 3%, extending Monday's 10% gain. This week's rise came after Nvidia CEO Jensen Huang said he was supplying Micron's G7 memory for new AI-powered GPUs. Moderna – Pharmaceutical stock rose 11%. Moderna is one of the few pharmaceutical companies currently developing a vaccine against bird flu, a disease that was thrust into the spotlight after the United States recorded its first human death. Paychex – HR stock rose 2% after entering into a definitive agreement to acquire HR 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% in the wake of Bank of America downgrading its rating to neutral from buy. The bank cited implementation risks and high valuation as reasons for the pause. Carvana – Shares added about 7% after RBC upgraded the online car seller to an outperform rating from sector perform. Analyst Brad Erickson said last month's “controversial decline” opened up an attractive buying opportunity for the stock. — CNBC's Yun Li, Jessie Pound, Lisa Hahn, Michelle Fox, Sean Conlon and Sarah Min contributed reporting.
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Stocks making the biggest moves at midday: GETY, TSLA, MRNA, SSTK
