Nvidia Falls, Figma Jumps, Papa John's Gains as Biggest US Franchisee Said to Back Irth Bid
On this episode of Stock Movers:
- Nvidia (NVDA) shares drop. US President Donald Trump discussed guardrails on artificial intelligence with Chinese leader Xi Jinping during a two-day summit in Beijing. Trump said Nvidia Corp.'s H200 chips also came up during the meeting, and that China hasn't approved purchases of the chips because they want to develop their own.
-Figma (FIG) jumps after the creative software platform reported first-quarter results that beat expectations and raised its full-year forecast. Analysts said the report eased concerns about AI-related disruption.
-Papa John's (PZZA) gains after Reuters reported investment firm Irth Capital is working with the pizza chain’s largest US franchisee, who controls around 10% of its domestic restaurants, to take the company private. Reuters cites three unidentified people.
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