ARM · Anthropic · Bloomberg · Broadcom · Google · Donald Trump · CNBC Technology
Broadcom, Alphabet — Broadcom on Monday said it agreed to supply artificial intelligence chips for Google and signed an expanded
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Broadcom shares gained 4%, while Alphabet was slightly higher by 0.9%.
Key facts
- Universal Music Group, U.S. shares of the recorded music distributor surged almost 13% after hedge fund investor Bill Ackman's Pershing Square Capital Management on Tuesday offered to buy Universal
- UnitedHealth jumped 10%, while Humana and CVS Health advanced 8% and 7%, respectively
- Oil stocks, The group was mostly higher, with West Texas Intermediate crude futures for May delivery trading above $114 a barrel ahead of U.S. President Donald Trump's threat to attack Iran's civil infrastructure by 8 p
- Norwegian Cruise Line was last down more than 5%, while Carnival and Royal Caribbean gained about 4%
Summary
Here are the stocks posting the biggest moves in midday trading. Universal Music Group, U.S. shares of the recorded music distributor surged almost 13% after hedge fund investor Bill Ackman's Pershing Square Capital Management on Tuesday offered to buy Universal in a cash and stock deal worth about 55.8 billion euros ($64.4 billion). Arm Holdings, The semiconductor company fell more than 4% after Morgan Stanley downgraded the stock to equal weight from overweight. Broadcom, Alphabet, Broadcom on Monday said it agreed to supply artificial intelligence chips for Google and signed an expanded deal with Anthropic to give the AI startup about 3.5 gigawatts worth of computing capacity from Google's AI processors.