Stocks Seeing Massive Moves Today
Live Blog Update #2 Published
← Back to Full Coverage: Stock Market Today: Nasdaq Composite Up Big as NVIDIA and AI Stocks Rally
Let’s take a look at some stocks making absolutely massive moves today:
- FUBO (NYSE: FUBO): Up 169% today after announcing a merger with Disney‘s (NYSE: DIS) Hulu Live service. FUBO will own 30% of the combined entity. While this is a huge one-day move for FUBO, the stock is still down dramatically from its peak in 2021.
- Arbe Robotics (Nasdaq: ARBE): Is another stock seeing big moves today. Shares are up about 50% after the announcement of an NVIDIA partnership. Investors have been bidding up the share price of many companies NVIDIA partners with. Cerance (Nasdaq: CRNC) is up more than 150% in the past week after a similar announcement and SoundHound (Nasdaq: SOUN) jumped 873% in the past year after NVIDIA invested in the company and announced a partnership with the company.
All Updates from Live Coverage
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The Nasdaq Composite has fallen from its highs today but is still up about 1% as of 2:10 p.m. ET.
Information Technology stocks are up 1.42%. Other sectors gaining include Materials, Healthcare, and Consumer Discretionary.
6 out of 11 market sectors are down today, however. Utilities are down .84%, Real Estate down .76%, and Consumer Staples down .67%.
Live
NVIDIA briefly claimed the crown of the most valuable company in the world last summer, but fell behind Apple (Nasdaq: AAPL) and Microsoft for most of the second half of 2024.
The race for the world’s most valuable company is once again heating up with NVIDIA shares surging. Apple and NVIDIA both currently trade for $3.7 trillion, with NVIDIA slightly back in the lead in late trading today.
Microsoft is now a distant third with a valuation of $3.18 trillion.
Live
As of 10:55 a.m. ET, the Nasdaq has taken another sharp turn up from early trading.
- Nasdaq: Up 1.88%
- S&P 500: Up 1.21%
- Dow Jones: Up .61%
- Russell 2000: Up .64%
Tech stocks are leading the market today. The strongest segment of technology is semiconductor stocks, but Alphabet (Nasdaq: GOOGL) is up 2.74%, Amazon (Nasdaq: AMZN) up 1.74%, and Microsoft (Nasdaq: MSFT) up 2%.
Live
A blog post from Sam Altman, the cofounder and CEO of OpenAI, may be helping drive AI stocks higher today. In the post, he says:
“We are now confident we know how to build AGI as we have traditionally understood it. We believe that, in 2025, we may see the first AI agents “join the workforce” and materially change the output of companies. We continue to believe that iteratively putting great tools in the hands of people leads to great, broadly-distributed outcomes.”
Agents are seen as a key theme for 2025 that could help keep momentum in AI stocks running red-hot. In addition, the post is more ‘evidence’ that new AI models like OpenAI’s o3 that use ‘reasoning’ are a genuine breakthrough that are still in their infancy.
Eric Bleeker has been investing for more than 20 years. He began his career working at Microsoft before joining Motley Fool, one of the largest publishers of financial research. In his 15 years at Motley Fool Eric served as the General Manager for Fool.com and led coverage in the Technology & Telecom sector. In addition, he was a featured columnist and has hosted dozens of investing seminars attended by more than a million total investors. Eric has more than 1,000 financial bylines to his name and has been featured in The Wall Street Journal, CNBC, Fox Business, and many other leading publications. He is currently focused on artificial intelligence investing and is a CFA Charterholoder.
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