Check out the companies that made headlines before the bell: GameStop, AMC Entertainment. GameStop shares surged more than 77% on rumors that Keith Gill, also known online as Roaring Kitty, has a stake in the company worth $116 million as of Friday’s close. AMC shares jumped about 25% amid a renewed craze for meme stocks. Waste Management, Stericycle — Shares of medical waste management company Stericycle jumped 16% after Waste Management agreed to buy the company for $7.2 billion. Waste management fell 1.5%. MarineMax — MarineMax, a pleasure boat and yacht services company, jumped 19% after reporting that OneWater Marine was in talks to buy the company for $40 per share in cash. Bloomberg was the first to report the deal, citing people familiar with the matter. Cava — Shares of the Mediterranean fast-food chain fell nearly 2% after JPMorgan downgraded its rating to neutral due to overweight. The bank provided a stock valuation for the call. The price of Cava has increased by 115% this year. Nvidia, AMD — Chip makers Nvidia and AMD gained 3% and 1.4%, respectively, after each company announced new artificial intelligence chips. AMD announced its new AI chips at the Computex technology conference in Taipei on Monday, and Nvidia on Sunday unveiled its next-generation AI chips, called “Ruby,” which will replace the previous “Blackwell” model released in March. Bank of America named Nvidia as a top pick in a note Monday and maintained its price target, implying about 36% upside for the stock. Boston Beer Company – Shares fell 11% after Bloomberg reported that Japanese brewer and spirits maker Suntory denied it was in talks to buy owner Samuel Adams. The Wall Street Journal reported Friday that buyout talks were in the early stages. Best Buy, the electronics retailer, gained 2.7% as Citi doubled its stock rating to buy from sell. Citi said the electronics retailer should see upside to earnings and valuations as consumers adopt technology and artificial intelligence drives demand. Spotify — Shares of the music streaming service rose 4.8% after it announced Monday it would raise prices for Spotify Premium subscriptions in the U.S. starting in July. GSK — Shares of the biopharmaceutical company fell 8.5% after a Delaware judge on Friday allowed jury trials in cases brought by cancer patients who claim GSK’s drug Zantac caused their illness. Autodesk — Autodesk shares rose 6.8% after the software company said it would not restate its financial results following an investigation into its accounting practices. Paramount Global – Shares rose more than 6% after Skydance Media revised its buyout offer for Paramount and gave non-voting shareholders the option to cash out Paramount Class B shares at a premium of about 26% to Friday’s closing price. — CNBC’s Alex Harring, Brian Evans and Michelle Fox Theobald contributed reporting.
