Stock trends early in the session: Novavax, TSM, Nvidia
Here are the stocks on Yahoo Finance’s trends ticker page early Friday:
Novavax (NVAX): Shares of the pharmaceutical company soared more than 130% on Friday after it announced it had reached a $1.4 billion deal with French company Sanofi to co-market its current COVID-19 vaccine worldwide.
Taiwan Semiconductor Manufacturing Company (TSM): Shares climbed Friday, up about 5%, after the chipmaker said its April sales jumped 60% year over year, signaling sustainable demand for AI-powered chips. TSM is a key supplier to tech titans including NVIDIA (NVDA)And AMD (AMD)which recovered in the wake of the TSM results.
SoundHound (HER): Shares of the artificial intelligence company jumped more than 15% after reporting 73% revenue growth in the first quarter and improving its full-year 2024 revenue outlook. The company’s CEO , Keyvan Mohajers, said that voice AI is quickly becoming a must-have tool. for customer service.
Soft green (SG): Shares jumped 40% Friday after the fast-casual salad chain reported better-than-expected first-quarter results and also upgraded its full-year outlook on higher menu prices. Same-store sales climbed 5% in the quarter amid higher prices, with the company also touting its new steak offering, which was officially added to menus on May 7.