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Nvidia Rises, Vistra Gains, Microchip Up After Sale Positive Forecast
Description
On this episode of Stock Movers:
- Nvidia (NVDA) shares rise ahead of the Consumer Electronics show is Las Vegas. At CES,tech companies including Nvidia Corp., Advanced Micro Devices Inc., Samsung Electronics Co. and Lenovo Group Ltd. will make the case for artificial intelligence to investors, corporate clients and ordinary shoppers.
- Vistra (VST) shares gain after the company agreed to pay roughly $4 billion for 10 natural gas-fired power plants in the US Northeast and Texas. The acquisition includes assets with a total capacity of 5.5 gigawatts on three major US grids — New England, Texas and the system that spans New Jersey to Chicago.
- Microchip (MCHP) shares are up after the analog chipmaker’s net sales forecast for the third quarter beat the average analyst estimate. Analysts note that the strong sales numbers highlight broad-based recovery.
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