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Nvidia Gains, Meta Drops, Strategy Falls as Bitcoin Rally Wobbles
Description
On this episode of Stock Movers:
- Nvidia (NVDA) shares gain. Nvidia Corp. increased the size of its share buyback plan by $150 billion, taking the total remaining authorized amount to $235 billion. Separately, Nvidia Corp. introduced a new double-layered artificial intelligence security system that it says would’ve prevented the recent high-profile breach of Hugging Face by OpenAI’s AI models.
- Meta (META) shares drop. Meta Platforms Inc. has tapped MongoDB Inc.'s president and chief executive officer to lead a new AI platform for enterprise customers. The new business unit, called Meta Enterprise Platform, aims to help businesses use AI to grow and transform in new ways. The new business unit, called Meta Enterprise Platform, aims to help businesses use AI to grow and transform in new ways.
- Microstrategy (MSTR) is dropping due to broader declines in the price of Bitcoin. The macro backdrop has weighed on cryptocurrencies, with crypto falling along with stocks and bonds after President Donald Trump rejected Iran’s latest proposal.
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