Great article, would you like

Like
Comment
Favorite

Great article, would you like to share it?

24H | Rivian Soars 47% in Overnight Trading; Micron Jumps over 3%; Nvidia Continues to Rise 1%

$Rivian(RIVN)$ shares surged nearly 47% in overnight trading after the adventure EV-maker announced a joint venture deal with Volkswagen (VWAGY), crucially bringing in fresh capital into Rivian’s coff

24H | Rivian Soars 47% in Overnight Trading; Micron Jumps over 3%; Nvidia Continues to Rise 1%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":320986776236080,"tweetId":"320986776236080","gmtCreate":1719373815122,"gmtModify":1719374775936,"author":{"id":4182384271989322,"authorId":4182384271989322,"authorIdStr":"4182384271989322","name":"carlosmadman","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body>Great article, would you like to share it?</body></html>","htmlText":"<html><head></head><body>Great article, would you like to share it?</body></html>","text":"Great article, would you like to share it?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/320986776236080","repostId":1104486381,"repostType":4,"repost":{"id":"1104486381","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1719366821,"share":"https://www.laohu8.com/m/news/1104486381?lang=&edition=full","pubTime":"2024-06-26 09:53","market":"us","language":"en","title":"24H | Rivian Soars 47% in Overnight Trading; Micron Jumps over 3%; Nvidia Continues to Rise 1%","url":"https://stock-news.laohu8.com/highlight/detail?id=1104486381","media":"Tiger Newspress","summary":"$Rivian(RIVN)$ shares surged nearly 47% in overnight trading after the adventure EV-maker announced a joint venture deal with Volkswagen (VWAGY), crucially bringing in fresh capital into Rivian’s coff","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/RIVN\">Rivian</a> shares surged nearly 47% in overnight trading after the adventure EV-maker announced a joint venture deal with Volkswagen (VWAGY), crucially bringing in fresh capital into Rivian’s coffers.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d3cb028af53d13e74687d9c406522118\" tg-width=\"1170\" tg-height=\"1020\"/></p><p>Volkswagen announced it intends to deal with Rivian to create “next generation software-defined vehicle (SDV) architectures” to be used in both companies’ future EVs. The joint venture will use Rivian’s “zonal hardware design” and platform for the foundation of future vehicles, as well as Rivian’s electrical architecture expertise for the vehicles. Rivian will license its existing IP rights to the joint venture.</p><p>In exchange, Volkswagen will invest an initial $1 billion in Rivian through an “unsecured convertible note that will convert into Rivian’s common stock,” with up to $4 billion in additional investment staged through 2026 for a total infusion of $5 billion.</p><p><a href=\"https://laohu8.com/S/MU\">Micron</a> shares jumped over 3% in overnight trading. When Micron Technology reports third quarter results on Wednesday, analysts expect the memory chipmaker to beat Wall Street estimates, driven by increased AI exposure and higher DRAM pricing.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9c0f5d00a821d406524484c2dee130b1\" tg-width=\"1170\" tg-height=\"1002\"/></p><p>The Boise, Idaho-based company is expected to post EPS of $0.53 on revenue of $6.67 billion, implying a rise of 77.9% during the quarter.</p><p><a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> shares continued to rise 1% in overnight trading. Shares of Nvidia surged nearly 7 per cent on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker&#39;s market value.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d6388f34fa4e12c87332f942e88d0ed1\" tg-width=\"1170\" tg-height=\"1033\"/></p><p>Nvidia&#39;s shares finished at $126.09, after a tumble that saw them lose around 13 per cent from their June 18 close of $135.58. The drop followed a rally that accelerated after a 10-for-1 stock split that took effect on June 10.</p><p>&#34;The bounce today is a normal technical bounce after a 15 per cent drop in three days; you&#39;re not going to go straight down every single day,&#34; said Tom Hayes, chairman at Great Hill Capital in New York. &#34;It&#39;s a great company, it&#39;s a great CEO, and you have insiders selling three-quarters of a billion worth of stock just as retail investors were getting involved with the split,&#34; Hayes added.</p><h2 id=\"id_1428670322\">TOP10 gainers in overnight trading:</h2><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2dff232fcbc4885a919d36c774e5283b\" tg-width=\"1170\" tg-height=\"2212\"/></p><h2 id=\"id_2329928591\">TOP10 decliners in overnight trading:</h2><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/78f3e125e7c8090372b0e352963d3cdc\" tg-width=\"1170\" tg-height=\"2220\"/></p><p><strong>Trade US Stocks 24/5 with Tiger Trade!</strong></p><p><img src=\"https://community-static.tradeup.com/news/cb2a68ea7a1c0e44eb3c83005b3fcbbc\" alt=\"\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>24H | Rivian Soars 47% in Overnight Trading; Micron Jumps over 3%; Nvidia Continues to Rise 1%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n24H | Rivian Soars 47% in Overnight Trading; Micron Jumps over 3%; Nvidia Continues to Rise 1%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-06-26 09:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/RIVN\">Rivian</a> shares surged nearly 47% in overnight trading after the adventure EV-maker announced a joint venture deal with Volkswagen (VWAGY), crucially bringing in fresh capital into Rivian’s coffers.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d3cb028af53d13e74687d9c406522118\" tg-width=\"1170\" tg-height=\"1020\"/></p><p>Volkswagen announced it intends to deal with Rivian to create “next generation software-defined vehicle (SDV) architectures” to be used in both companies’ future EVs. The joint venture will use Rivian’s “zonal hardware design” and platform for the foundation of future vehicles, as well as Rivian’s electrical architecture expertise for the vehicles. Rivian will license its existing IP rights to the joint venture.</p><p>In exchange, Volkswagen will invest an initial $1 billion in Rivian through an “unsecured convertible note that will convert into Rivian’s common stock,” with up to $4 billion in additional investment staged through 2026 for a total infusion of $5 billion.</p><p><a href=\"https://laohu8.com/S/MU\">Micron</a> shares jumped over 3% in overnight trading. When Micron Technology reports third quarter results on Wednesday, analysts expect the memory chipmaker to beat Wall Street estimates, driven by increased AI exposure and higher DRAM pricing.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9c0f5d00a821d406524484c2dee130b1\" tg-width=\"1170\" tg-height=\"1002\"/></p><p>The Boise, Idaho-based company is expected to post EPS of $0.53 on revenue of $6.67 billion, implying a rise of 77.9% during the quarter.</p><p><a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> shares continued to rise 1% in overnight trading. Shares of Nvidia surged nearly 7 per cent on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker&#39;s market value.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d6388f34fa4e12c87332f942e88d0ed1\" tg-width=\"1170\" tg-height=\"1033\"/></p><p>Nvidia&#39;s shares finished at $126.09, after a tumble that saw them lose around 13 per cent from their June 18 close of $135.58. The drop followed a rally that accelerated after a 10-for-1 stock split that took effect on June 10.</p><p>&#34;The bounce today is a normal technical bounce after a 15 per cent drop in three days; you&#39;re not going to go straight down every single day,&#34; said Tom Hayes, chairman at Great Hill Capital in New York. &#34;It&#39;s a great company, it&#39;s a great CEO, and you have insiders selling three-quarters of a billion worth of stock just as retail investors were getting involved with the split,&#34; Hayes added.</p><h2 id=\"id_1428670322\">TOP10 gainers in overnight trading:</h2><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2dff232fcbc4885a919d36c774e5283b\" tg-width=\"1170\" tg-height=\"2212\"/></p><h2 id=\"id_2329928591\">TOP10 decliners in overnight trading:</h2><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/78f3e125e7c8090372b0e352963d3cdc\" tg-width=\"1170\" tg-height=\"2220\"/></p><p><strong>Trade US Stocks 24/5 with Tiger Trade!</strong></p><p><img src=\"https://community-static.tradeup.com/news/cb2a68ea7a1c0e44eb3c83005b3fcbbc\" alt=\"\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达","FFIE":"Faraday Future","LCID":"Lucid Group Inc","RIVN":"Rivian Automotive, Inc.","MU":"美光科技"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104486381","content_text":"Rivian shares surged nearly 47% in overnight trading after the adventure EV-maker announced a joint venture deal with Volkswagen (VWAGY), crucially bringing in fresh capital into Rivian’s coffers.Volkswagen announced it intends to deal with Rivian to create “next generation software-defined vehicle (SDV) architectures” to be used in both companies’ future EVs. The joint venture will use Rivian’s “zonal hardware design” and platform for the foundation of future vehicles, as well as Rivian’s electrical architecture expertise for the vehicles. Rivian will license its existing IP rights to the joint venture.In exchange, Volkswagen will invest an initial $1 billion in Rivian through an “unsecured convertible note that will convert into Rivian’s common stock,” with up to $4 billion in additional investment staged through 2026 for a total infusion of $5 billion.Micron shares jumped over 3% in overnight trading. When Micron Technology reports third quarter results on Wednesday, analysts expect the memory chipmaker to beat Wall Street estimates, driven by increased AI exposure and higher DRAM pricing.The Boise, Idaho-based company is expected to post EPS of $0.53 on revenue of $6.67 billion, implying a rise of 77.9% during the quarter.Nvidia shares continued to rise 1% in overnight trading. Shares of Nvidia surged nearly 7 per cent on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker's market value.Nvidia's shares finished at $126.09, after a tumble that saw them lose around 13 per cent from their June 18 close of $135.58. The drop followed a rally that accelerated after a 10-for-1 stock split that took effect on June 10.\"The bounce today is a normal technical bounce after a 15 per cent drop in three days; you're not going to go straight down every single day,\" said Tom Hayes, chairman at Great Hill Capital in New York. \"It's a great company, it's a great CEO, and you have insiders selling three-quarters of a billion worth of stock just as retail investors were getting involved with the split,\" Hayes added.TOP10 gainers in overnight trading:TOP10 decliners in overnight trading:Trade US Stocks 24/5 with Tiger Trade!","news_type":1},"isVote":1,"tweetType":1,"viewCount":14,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":35,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}