- DigitalBridge Group, Inc. (DBRG) shares surged 9.6% on news that SoftBank Group Corp. will acquire the company in a roughly $4 billion deal.
- Ultragenyx Pharmaceutical Inc. (RARE) shares plunged 42.3% after the company reported disappointing Phase 3 trial results for its bone disease treatment.
- Diamondback Energy, Inc. (FANG) shares rose 1.5% as energy stocks emerged as the top-performing sector of the day.
- Newmont Corporation (NEM) shares fell 5.6% after metals futures retreated from last week’s record highs, weighing on mining stocks, as reported by The Wall Street Journal.
#1 Semiconductor Stock to Buy (Not NVDA)
The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.
One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.
See This Stock Now for Free >>Newmont Corporation (NEM) : Free Stock Analysis Report
Diamondback Energy, Inc. (FANG) : Free Stock Analysis Report
Ultragenyx Pharmaceutical Inc. (RARE) : Free Stock Analysis Report
DigitalBridge Group, Inc. (DBRG) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
