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Nvidia's Huawei Threat; Tesla Leads Mag 7; Deliveroo's DoorDash Bid | Stock Movers
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April 28, 2025
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4:12Now PlayingOn this episode of Stock Movers:
- Nvidia (NVDA) is down in early trading after China’s Huawei Technologies is reportedly getting ready to test a new and powerful artificial intelligence processor that the company hopes can replace some products made by Nvidia - that's according to the Wall Street Journal. The progress by the Shenzhen-based networking and electronics leader shows the resilience of China’s semiconductor industry in the face of efforts by the Trump administration to stymie it.
- Tesla (TSLA) is leading the Mag 7 premarket gains following its best week of 2025. Despite a less-than-great earnings last week, Tesla founder Elon Musk says he will put more focus on the company rather than government work, which has provided a boon for the stock.
- Deliveroo (DROOF) shares jumped more than 18%, the most since 2021, after the British delivery firm disclosed an acquisition offer from DoorDash. On Friday, Deliveroo said in a filing that it had received a cash offer from DoorDash at £1.80 per Deliveroo share. That would value the company at about $3.6 billion, according to calculations by Bloomberg.
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Nvidia's Huawei Threat; Tesla Leads Mag 7; Deliveroo's DoorDash Bid
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