Nvidia Has $21 Billion SpaceX Stake; Alibaba to Sell Gaming Arm; Ferrari’s Luce is Priciest New Car
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Nvidia (NVDA) on Friday disclosed a nearly $21 billion stake in Elon Musk’s SpaceX and a $30 billion one in Intel Corp.The AI chipmaking giant had about 122.8 million shares in SpaceX as of June 30, according to a regulatory filing made Friday. It held about 214.8 million in Intel.- Alibaba Group Holding (BABA) is selling its gaming arm in a deal worth at least $1.5 billion that will boost the Chinese e-commerce leader’s pivot to AI. Asian private equity firm Trustar Capital has reached an…
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