Berkshire Hathaway (BRK-A)
Shares of Warren Buffett’s Berkshire Hathaway Inc. plummeted 99% before technical issues caused trading to be halted on the New York Stock Exchange (NYSE) on Monday.
Class A shares in Berkshire Hathaway, run by legendary investor Warren Buffett, plummeted to $185.10 (£144.87) from a closing price of $627,400 on Friday before trading was halted. They quickly recouped losses when trading resumed and surged towards $700,000.
The NYSE said the issue related to upper and lower limit bands, which are intended to prevent abnormal market volatility and extreme price fluctuations of individual stocks by preventing trading outside certain price ranges that are updated throughout the trading day.
read more: FTSE 100 Live: European stocks fall as Indian election results dramatically shrink PM Modi’s lead
The New York Stock Exchange said all trades below $603,718.30 would be canceled after market close on Monday.
Nvidia (NVDA)
Shares of Snowflake (SNOW), the AI industry darling, rose in early trading after the cloud data platform said it was teaming up with Nvidia to help customers build custom, use-case-specific AI applications.
Nvidia’s shares also rose after the company unveiled its next-generation artificial intelligence processor (code-named “Rubin”) for 2026 at the Computex conference in Taipei.
“We are at a major inflection point in computing, where the intersection of AI and accelerated computing will redefine the future,” said Jensen Huang, founder and CEO of Nvidia.
The company continues to make great strides towards becoming the most valuable company on the planet. With a current market cap of $2.695 trillion, NVIDIA ranks third behind Microsoft (MSFT) and Apple (AAPL).
Novavax (NVAX)
The drugmaker’s shares rose premarket as the U.S. Food and Drug Administration is expected to vote on updated recommendations for booster COVID-19 shots as the KP.2 variant begins to spread across the United States.
The stock surged 21% in morning trading after FCA’s announcement and is continuing to rise. The company said last month that it could offer a COVID vaccine in the U.S. this fall only if regulators approve the vaccine it has begun producing that targets the JN.1 variant.
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The FDA said further evolution of the virus could lead it away from older strains, so vaccine makers developing new booster shots may need to consider targeting one of the JN.1 variants, such as KP.2.
The value of industrial conglomerate Adani Enterprises has fallen by more than 1 trillion rupees (£9.7bn) after India’s general election results were narrower than expected.
This was the biggest factor in the decline on the Mumbai Stock Exchange, with the benchmark Sensex index falling more than 7% by afternoon trade.
Adani is seen as a longtime aide to Hindu nationalist Modi and both leaders hail from Gujarat.
Opposition parties and other critics have accused Adani of using its ties to the two companies to unfairly win business and avoid proper oversight.
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