Market Updates
U.S. Stock Movers: AMD, Coinbase, Nvidia, Super Micro, Unilever
Scott Peters
19 Mar, 2024
New York City
Nvidia declined 1.9% to $867.99 after the company released its fastest AI graphics processor, dubbed Blackwell, at its first annual developer's GTC conference.
The first Blackwell chip, called BG200, is scheduled to ship later in the year and promises to sharply increase processing power for artificial applications and accelerate training of AI models and tools.
AMD declined 4.6% to $181.99 after Nvidia's announcement of a new chip.
Super Micro Computer declined 10.2% to $898.57 after the company announced its plan to sell as many as 2 million shares.
Super Micro stock has soared more than 250% this year following the enthusiasm for artificial intelligence.
Super Micro is the preferred vendor for building servers using Nvidia's chips for artificial intelligence applications.
Coinbase Global declined 2.2% to $227.04 after bitcoin prices dropped as much as 6.2% in early trading, extending losses from the peak above $73,000 reached last week.
Unilever PLC increased 2.5% to $49.77 after the company announced its plans to spin off its ice cream division, which includes Ben & Jerry's and Magnum brands.
The company also added that it plans to implement a productivity program to accelerate sales, improve its cost structure, and eliminate as many as 7,500 jobs.
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