Nvidia-OpenAI Financing; Forte Soars; AT&T Bond Offering
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Nvidia (NVDA) shares are moving on a report from the Wall Street Journal that Nvidia is in talks to provide a roughly $250 billion backstop for OpenAI as part of a massive data center project. The guarantees from Nvidia would help the ChatGPT maker lease a 10-gigawatt project that SoftBank is developing in southern Ohio. - Forte Bioscience (FBRX) is soaring as Argenx SE agreed to buy Forte Biosciences Inc. for about $2.2 billion in cash to expand its portfolio of immunology medicines. - AT&T (T) is…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.