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Nvidia, Hershey, Supermicro, and More | Global News Avenue

Nvidia, Hershey, Supermicro, and More

Main points

  • U.S. stocks fell midday, dragged down by losses in technology stocks.
  • China’s investigation into Nvidia sent the artificial intelligence chip maker’s stock price lower.
  • Hershey shares soared following reports that Mondelēz International was considering acquiring Kisses and other chocolate snack makers.

U.S. stocks fell midday as a slide in technology stocks slowed recent record gains. this Dow Jones Industrial Average, S&P 500 Indexand Nasdaq are lower.

NVIDIA (NVDA) shares fell as Chinese officials began a possible investigation into the chipmaker Monopoly practice.

Omnicom Group’s stock (OMC) after the advertising giant announced the acquisition of rival Interpublic Group (IPG) spent $13 billion to create the largest advertising group. Aipezhi Group’s stock price took off.

Comcast (CMCSA) shares fell after the cable and broadcast company said it expected to lose more than 100,000 broadband customers this quarter.

Hershey (HSYAccording to a report by Mondelez International (Yideliz) is considering acquiring the chocolate maker. Mondelēz shares plummeted.

Super Micro Computer or Supermicro stock (SMCI), shares rose after the troubled server maker reported that Nasdaq had postponed until February 25 the possibility of delisting the company from its index. That gives Supermicro more time to file its annual report, which has been put on hold due to accounting issues.

Eun Sang Energy (ENPH) shares acquired when the solar company announced a partnership agreement with NextEnergy of the Netherlands.

Oil and gold futures rose. The yield on the 10-year Treasury note is higher. The dollar rose against the yen but fell against the pound and was little changed against the euro. Most major cryptocurrencies are trading lower.

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