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24H | FuboTV Stock Soars Another 25%; Arbe Robotics Rallies 11% on Collaboration With Nvidia

Tiger Newspress01-07 09:47

FuboTV stock soared 25% in overnight trading after a 251% rally on Monday. FuboTV and Walt Disney agreed to merge their live TV offerings in a deal that could shake up the sports streaming landscape.

Disney is combining its Hulu + Live TV business with Fubo to form a new streaming platform, the two companies said in a joint press release Monday. Disney will own 70% of the new venture, which will operate under the Fubo name and be run by Fubo CEO David Gandler.

Arbe Robotics Ltd. shares were up 10.75% in overnight trading after soaring 52% in regular session. The company said it was working on artificial-intelligence technology with Nvidia.

Arbe plans in integrating its high-resolution radar with the Nvidia's Drive Agx in-vehicle computing platform for radar-based free space mapping, for use with hands-free driving and real-time safety applications.

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  • Vindana
    ·01-07 09:49
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