Taylor Morrison Home, Nvidia, IBM All Jump Higher

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Taylor Morrison Home (TMHC) shares rose while Berkshire Hathaway (BRK/B) stocks fell after it was announced that Berkshire Hathaway will acquire Taylor Morrison Home Corp. in an all-cash deal worth about $6.8 billion, the first major purchase under chief executive Greg Abel and a vote of confidence in the US housing market. The offer of $72.50 per common share represents a 24% premium to the home builder’s latest closing price on Friday. It’s the largest deal since Berkshire bought Occidental Petroleum Corp.’s petrochemical business in January.

- Nvidia (NVDA) shares jumped after the leader in AI semiconductors said it was entering the PC market with a new chip. 

- International Business Machines (IBM) stocks spiked after a nearly six-month old video of Donald Trump praising International Business Machines Corp.’s CEO sent the shares surging as much as 10% on Monday to a record high, adding more than $28 billion to the company’s stock-market value. 

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