Several companies are making headlines in midday trading, with Nvidia shares falling 1.7% after reports that the company will delay the release of a new AI chip in China due to U.S. export restrictions. Electric vehicle startup Fisker saw a 5% increase in shares following the announcement of a delayed quarterly report and changes to its finance leadership team.
Solar panel manufacturer First Solar and SolarEdge both declined, along with the Invesco Solar ETF (TAN), as higher interest rates have impacted renewable energy stocks. Meanwhile, home device maker iRobot surged 37% after reports of Amazon’s impending regulatory approval for its planned acquisition of the company.
Outdoor recreation stock Vista Outdoor climbed 3% following a proposed strategic combination with Colt CZ Group, and Apple slid nearly 1% after a decline in smartphone sales during China’s Singles Day shopping season. Coinbase saw a 6% jump in shares as Bitcoin briefly topped $38,000.
Retailers experienced mixed trading on Black Friday, with Walmart and Target up less than 1%, Ulta Beauty gaining 1.8%, Nordstrom adding 6%, and sneaker retailer On Holding jumping 3%. The fluctuating market movements have sparked interest and speculation among investors and analysts, shedding light on the dynamic nature of the current economic landscape.
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