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Nvidia (Nasdaq: NVDA) is moving to raise $20 billion via a seven-part U.S. bond offering, a sizable capital raise that adds to the wave of major corporate financial activity dominating the start of the week.
This article will be updated throughout the day, so check back often for more daily updates.
Nasdaq futures led the market’s risk-on rally Monday, surging 2.2% after President Trump announced that the U.S. and Iran had reached an agreement to end their conflict, with a formal memorandum of understanding set to be signed Friday in Switzerland. The tech-heavy gauge outpaced both the Dow, up 527 points or 1%, and the S&P 500, which climbed 1.4%, as the news of de-escalation rippled through global markets. Both WTI and Brent Crude prices have eased to the low $80/barrel range, levels not seen since March. Adding to the bullish tone, SpaceX shares rose another 5% following Friday’s 19% debut surge in its public market listing.
Two separate merger deals hit the tape: Fox Corp’s announced acquisition of streaming platform Roku and Salesforce’s plans to scoop up AI agent company Fin. More on both deals below.
Here’s a look at where things stand as of pre-morning trading:
Dow Jones Industrial Average: 51,791 Up 1.10%
Nasdaq Composite: 30.285 Up 2.12%
S&P 500: 7,531 Up 1.30%
Market Movers
Fox Corporation announced plans to acquire Roku in a roughly $22 billion cash-and-stock transaction, paying $160 per share, an 11.4% premium over Roku’s previous close. The deal would give Fox direct access to Roku’s streaming platform. Following the announcement, Fox shares dropped 8% in premarket trading, while trading in Roku stock was halted.
Salesforce announced an agreement to acquire Fin, a customer service AI agent company, for approximately $3.6 billion, marking another notable Merger Monday transaction in a day already dominated by Fox’s bid for Roku.
SpaceX shares climbed roughly 6% in early premarket trading, building on Friday’s 19% gain that marked the largest IPO ever recorded. The stock’s run-up has pushed the company’s valuation to approximately $2 trillion.
TD Cowen more than doubled its price target on Micron (Nasdaq: MU) to $1,500 from $660 while reiterating its Buy rating. The firm points to rising DRAM content per gigawatt, even after SOCAMM de-specing, plus projected CY27 EPS of $150, as the basis for its bullish stance.
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