IONQ Inc.'s stock climbed 4% and SkyWater Technology, Inc. fell 3% in overnight trading.
Quantum computing firm IonQ Inc. has agreed to buy SkyWater Technology Inc. in a cash-and-stock deal that values the chipmaker at about $1.8 billion.
IonQ will pay $35 a share for the Minnesota-based company, it said in a statement on Monday. That comprises $15 in cash and $20 in stock, and is a 38% premium to SkyWater’s average share price over 30 days, the company said.
GameStop's stock climbed 2% in overnight trading.
Michael Burry, the investor made famous by his bet against the U.S. housing market ahead of the financial crisis, disclosed that he has been buying shares of one-time meme darling GameStop.
“I own GME. I have been buying recently. I expect I am buying at what may soon be 1x tangible book value / 1x net asset value,” Burry said in a Substack post published Monday. “And getting a young [GameStop CEO] Ryan Cohen investing and deploying the company’s capital and cash flows. Perhaps for the next 50 years.”
Zoom's stock jumped 4% in overnight trading.
The surge is attributed to renewed investor interest in Zoom's early investment in AI startup Anthropic, which analysts believe could be worth $2 billion to $4 billion. This investment is seen as a "hidden gem" amidst Zoom's efforts to boost revenue and expand AI offerings.
Gold stocks jumped in overnight trading.
Gold Resource up 9%; Hycroft Mining up 3%; Equinox, Harmony Gold up 2%; Coeur Mining up 1%.
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