Intel Corporation (INTC) improved by +3.3% to $53.24, while Taiwan Semiconductor Manufacturing Company Limited (TSM) remained unchanged at +0.33% to $123, while NVIDIA Corporation (NVDA) decreased by -1% to $539.39. Two Reuters sources said that Intel, the California pioneer in microprocessors, plans to use Taiwan Semiconductor Manufacturing (TSMC) to develop a new line of seven-nanometer PC processors to compete with competitor Nvidia.
Walmart Inc. (WMT) rose to $148.97, up +1.14 percent. To build a business committed to emerging financial technology, the Arkansas-based retail giant has lifted the lid on collaboration with venture group Ribbit Capital.
STERIS plc (STE) fell -4.19% to $192.06, while Cantel Medical Corp. (CMD) was steady at $83.87, with a decline of only -0.93% to end the day. According to people familiar with the matter cited by the Wall Street Journal, Steris and Cantel Medical will negotiate a merger. Actions may be included in the contract. No precise valuation is advanced.
Lucid Motors, a luxury electric vehicle manufacturer based in California, is currently considering a future IPO through a merger with Churchill Capital Corp. IV, reports Bloomberg, citing individuals familiar with the matter. The deal could go up to $15 billion, with Lucid focusing on its financial recommendations at present. Churchill Capital has previously indicated an interest in acquiring a satellite TV stake in AT&T’s DirecTV unit.