Stocks to Watch Monday: Crown Castle, Shopify, Nvidia
By Anna Hirtenstein, Reporter
Updated 3 hours ago
Investors are keeping a close eye on three key stocks in Monday’s trading as they brace for potential market-moving developments.
Crown Castle (CCI) is in the spotlight after activist investor Elliott Investment Management revealed plans to push for change at the wireless tower owner. The Wall Street Journal reported that Elliott has amassed a stake of more than $2 billion in Crown Castle. As a result, Crown Castle stock surged more than 4% in morning trading, reflecting investor optimism about potential changes at the company.
Meanwhile, shares in semiconductor giant Nvidia (NVDA) edged up about 1% in morning trading. This comes after a 1.9% dip on Friday, when Reuters reported that Nvidia will delay the launch of a new AI chip destined for China. The company’s decision to delay the chip launch could have significant implications for its business in the Chinese market, leading to cautious trading among investors.
As these developments unfold, market watchers are also paying attention to Shopify, another major player in the tech industry. With these stocks in focus, Monday’s trading promises to be an eventful day for investors as they assess the impact of these latest developments on their portfolios.