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Some of the stocks on the move today. We can do that with bloom Work Equities reported Natalia Canandiavi Natali. What are you looking at? Let's start with Intel. The ticker is i NTC. The shares are down by almost two percent. So it came after Reuters reported that n Video holded test that uses Intel's eighteen eight technology to produce its chips. We know that recently, and Video reported that it tested actually if it could manufacture its own
chips using this eighteen A production technology. Reuters cited people familiar with the matter. As of now, both companies did not comment on that. And it's been really critical for Intel's turnaround stories. Investors really want to see if this story can play out and then we know. In September, Nvidia agreed to invest about five billion dollars in Intel and said that it will code develop chips for PCs and data centers using its technology.
All right, well, it's really all about the versification of chip supply now, right, and Nvidia definitely be challenged in that space.
Right, Let's take a look at another stock. You're looking at. Dinavacs tells about that exactly. So the ticker's dvax shares are up by thirty eight percent. It came after Sanofi, which is a French pharmaceutical company, said that it will start a cash tender to offer to acquire all outstanding shares a vaccine maker for fifteen point fifty dollars per share. Sanofie agreed to buy Dynavags for about two point two billion dollars. This deal gives Sanofi access to some vaccines,
including hepatitis B vaccines. And we know that this is also quite a crucial deal for Sanofi because it's struggling also to increase performance and to boost its revenue as we see lots of challenges in global vaccine market. All right, one more, what do you have for us here? It is Snowflake. The tickery snow shares are down by two point three percent today. It came after the Information reported that the software company is in conversations to buy a
startup called Observe for about one billion dollars. So Observe, this is a startup based in California, and it develops the so called observatory tools that help developers to track how the apps perform or if there are any challenges on the software side. And analysts are really excited actually about this potential deal because they say it will allow the company to compete more closely with companies like Data Bricks,
So for now it is a pretty solid move. However, of course, shares are down fade.
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