Paramount Skydance soars as call-buying heats up

Paramount Skydance shares jumped 14% in Tuesday trading as call option activity surged. As of 1:05 p.m. ET, roughly 126,000 calls had traded — well above the daily average and one of the most active single sessions since the media deal was completed on August 7.

The spike comes as the newly formed company faces scrutiny in Washington. On Thursday, two House Democrats opened an investigation into whether commitments made during the deal process, including a $16 million settlement to President Donald Trump, may have factored into the Federal Communications Commission’s decision to approve the merger.

Paramount Skydance shares are now up 36% since the merger.

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Visa reports solid beat on earnings

Visa inched up in after-hours trading, as it reported quarterly numbers that outpaced expectations. The solid, but unspectacular, outperformance — it beat earnings-per-share estimates by a penny — is par for the course for a company that’s developed a reputation as a boring, but consistent, moneymaker seemingly indifferent to economic conditions.

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Bloom Energy blossoms after reporting Q3 numbers

The market seems to like the better-than-expected news.

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Tech-fueled rally drives stocks to new records ahead of Fed rate decision and big earnings

The AI trade is back on as traders await tomorrow’s rate cut decision and megacap tech earnings on Wednesday and Thursday.

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Lucid plans to build a privately owned autonomous car with Nvidia tech

Shares of Lucid vaulted briefly on Tuesday afternoon following the company’s announcement that it will team up with Nvidia to bring Level 4 autonomous driving to its future vehicles.

A still unnamed midsized SUV by Lucid, planned for 2026, will feature lidar and radar provided by Nvidia’s ecosystem. Ultimately, the automaker said it aims to create the “first true eyes-off, hands-off, and mind-off (L4) consumer owned autonomous vehicle.” Level 4 autonomous vehicles, like Waymo’s robotaxis, operate without human intervention.

The Nvidia partnership will also bring new automated features to Lucid’s Gravity SUV, the luxury EV maker said. Its shares rose more than 6% before losing all those gains and dipping into the red.

Lucid and Nvidia’s announcements came along with a host of other new partnerships at the chip designer’s GPU Technology Conference in Washington, DC.

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