Yahoo Finance Trending tickers: Berkshire Hathaway, Nvidia, Novavax and Adani Enterprises
The latest investor updates on stocks that are trending on Tuesday
Berkshire Hathaway (BRK-A)
Warren Buffett’s Berkshire Hathaway appeared to plunge 99% on Monday before a trading pause as a technical glitch hit the New York Stock Exchange (NYSE).
Berkshire Hathaway, the company run by famed investor Warren Buffett, saw its A-class shares plunge to $185.10 (£144.87) from Friday’s closing price of $627,400 before its trading was halted. After the shares later resumed trading, they immediately recovered all those losses and shot towards $700,000.
The NYSE said the problem was related to Limit Up-Limit Down bands meant to prevent extraordinary market volatility and extreme price movements in individual stock by preventing trades outside specific price ranges that are updated throughout the trading day.
Read more: FTSE 100 LIVE: European stocks fall as Indian election results cut Modi's lead drastically
NYSE said after markets closed on Monday that all trades at or below $603,718.3 would be cancelled.
Nvidia (NVDA)
Shares in the AI darling were higher in pre-market after it was announced that cloud data platform Snowflake (SNOW) is entering a partnership with Nvidia to help customers build bespoke, use-case specific AI applications.
Nvidia also got a boost after it revealed its next-generation artificial intelligence processors for 2026, codenamed “Rubin”, at the Computex conference in Taipei.
Nvidia founder and CEO Jensen Huang stated: “Today, we are at the cusp of a major shift in computing. The intersection of AI and accelerated computing is set to redefine the future.”
The company continues to take big strides toward becoming the most valuable company on the planet. Its current market cap of $2.695tn puts Nvidia in third position behind Microsoft (MSFT) and Apple (AAPL)
Novavax (NVAX)
Shares in the pharma company were higher ahead of the markets opening as the US Food and Drug Administration (FDA) is set to vote on recommendations for updated COVID-19 booster shots as the KP.2 variant strain begins to spread across the country.
Shares soared 21% during the last session and were still pushing higher in pre-market trading, after the FCA announcement. The company had said last month it would only be able to offer a COVID vaccine in the United States this autumn if regulators accept the shot it started manufacturing to target the JN.1 variant.
Read more: Why car and home insurance costs are rising while inflation is falling
The FDA said vaccine makers developing the new booster shots may need to consider targeting one of the JN.1 subvariants such as KP.2, as further evolution of the virus could take it away from the older strain.
Adani Enterprises (ADANIENT.NS)
More than 1 trillion rupees (£9.7bn) has been wiped off the value of industrial conglomerate Adani Enterprises as the result of the Indian general election appears to be closer than expected.
It was the biggest negative mover on the Mumbai stock exchange, with the benchmark Sensex index falling more than 7% by afternoon trading.
Adani is considered a longtime close associate of Hindu-nationalist Modi, both from Gujarat state.
Opposition parties and other critics have accused Adani of benefitting from their relationship to unfairly win business and avoid proper oversight.
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