Daily Stock Spotlight

Good evening. Stocks fell as strong economic data reduced hopes for Federal Reserve rate cuts, causing Treasury yields (the interest rates on government bonds) to rise. Higher yields make borrowing more expensive, pressuring tech stocks and pulling the market down.

⬆ 29.08% Aurora Innovation (NASDAQ: AUR)

The self-driving truck stock surged today after announcing that Nvidia will be a partner in its effort, supplying its latest systems-on-chips. Nvidia computing hardware will be a key component of the self-driving truck system.

⬆ 24.12% Getty Images Holdings (NYSE: GETY)
⬆ 14.81% Shutterstock (NYSE: SSTK)

The two rival providers of stock images and videos to create a $3.7 billion powerhouse geared for the artificial intelligence era, in a deal that would likely draw antitrust scrutiny.

The move comes at a time when the licensed visual content industry is facing threats from generative AI tools such as Midjourney and OpenAI’s DALL-E, which can generate images and video in response to a simple text prompt from users.

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⬇ 7.02% AppLovin (NASDAQ: APP)

Shares of the mobile app advertising platform fell today after a Bank of America analyst forecasts a deceleration in app revenue for the fourth quarter of 2024.

⬇ 9.63% SoundHound AI (NASDAQ: SOUN)

Some investors were hoping that SoundHound AI would get a shoutout during Nvidia CEO Jensen Huang's CES keynote address, which did not materialize.

Nvidia has an investment in SoundHound, and even seemingly unrelated news for the AI leader is sometimes enough to power substantial moves for the smaller company's stock.

⬇⬆ 1-day change
Market data: today’s market close