S&P 500 and Nasdaq Extend Winning Streaks in 2024 as August Rally Persists

In the world of finance, staying up to date on the latest market movers is crucial for investors looking to make informed decisions. Yahoo Finance’s Alexandra Canal recently highlighted some of the biggest movers on Monday, shedding light on key developments that could impact the financial landscape. Let’s take a closer look at some of the standout companies making waves in the market:

1. AMD (Advanced Micro Devices):
Shares of chipmaker AMD saw a 2% increase early Monday following the announcement of its plans to acquire hyperscale solutions provider ZT Systems in a deal worth $4.9 billion. This strategic move by AMD aims to bolster its AI infrastructure and compete with industry leader Nvidia. While AMD shares have risen by just over 2% since the beginning of the year, Nvidia’s shares have surged by about 150%. Investors will be keeping a close eye on Nvidia’s upcoming second quarter earnings report for further insights.

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2. Palantir (PLTR):
Data analytics company Palantir made headlines on Monday as co-founder and CEO Alex Karp participated in a detailed profile with The New York Times. Karp, known for his low profile, addressed criticisms regarding the company’s military partnerships and shed light on the origin story of Palantir and his relationship with co-founder Peter Thiel. In the interview, Karp emphasized Palantir’s commitment to not doing business with countries that oppose Western ideologies, such as China and Russia.

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3. fuboTV (FUBO):
Shares of sports streaming platform fuboTV surged by 30% on Monday following a ruling that temporarily halted the launch of Venu Sports, a new sports streaming service from Disney’s ESPN, Warner Bros. Discovery, and Fox. The ruling by US District Judge Margaret Garnett cited concerns about the impact of the joint venture on competition and trade, predicting potential harm to fuboTV’s subscriber base and financial stability.

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