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starting with Nvidia. The chip maker is reportedly in advanced talks to buy Israel-based AI startup AI 21 Labs. Now according to Calculus Financial Daily, Nvidia has its site set on buying the startup for as much as $3 billion. Nvidia has previously been linked to the company when it participated alongside Alphabet, that’s the parent company of Google in a 2023 funding round for AI 21, that valued the company at $1.4 billion. Turning to Under Armor, that stock seeing a pop as Fairfax Financial lifts its stake in the company. According to an SEC filing, Fairfax now owns shares of Under Armor that raises its stake to 16.1% from the previous stake of 9%. This move comes as the company recently reported better than feared second quarter results. Fairfax is also not expected to launch a proxy fight as the firm is considered a long-term investor. And lastly, Trump Media shares are under pressure after the launch of the first five Truth social ETFs. The ETFs are part of the truth.fi fintech brand from Trump Media. The new ETFs include security and defense, energy security, and Red State REITs, Yorkville America, Equities and Trump Media also planning to launch additional ETFs in 2026, including equity-based ETFs as well as digital asset-based funds.
