Check out the companies making headlines in midday trading.
Alphabet — The Google-parent company added 4.4% after launching its large-language model, Bard AI, in Brazil and the European Union.
Cirrus Logic — The chipmaker fell more than 3% in midday trading after Cirrus announced in an 8K filing plans to slash 5% of its workforce.
Nvidia invested $50 million into Recursion to help drive AI-based drug discovery, the company said Wednesday.
Progressive — Shares of the insurance company fell about 11% after Progressive reported results for June and the full second quarter.
Persons:
Bard, Bob Iger's, Carvana, SoFi, Morgan Stanley, Tobi Lutki, —, Samantha Subin, Yun Li, Jesse Pound, Michelle Fox, Alex Harring
Organizations:
Google, European Union, Cirrus, Nvidia, Disney —, Bank of America, Disney, JPMorgan, Viasat – Viasat, Viasat, Amazon, Progressive
Locations:
Brazil, Americas