DoorDash (DASH) look to purchase Deliveroo (DLVEY) in major acquisition, BHP (BHP) reports a slump in revenue and Nvidia (NVDA) announces new chip.

Video Transcript

Now it’s time for some of today’s trending tickers.

We’re watching DoorDash, BHP and Nvidia.

First up, DoorDash, the meal delivery platform’s planned $3.9 billion takeover of British delivery company Deliveroo will be reviewed under the European Union’s simplified merger procedure.

That typically means the EU regulator does not see any competition concerns and that the deal is likely to get approval.

The company reached a deal in May that valued Deliveroo at about $3.92 billion.

Now Deliveroo operates across nine countries in Europe and Asia.

Next up on our list we have BHP, the iron ore company.

The company’s profits have hit a 5-year low due to weakening iron ore prices.

The firm reported a 14% profit rise for the year ending June 30th, but overall, revenue fell 8% to $51.3 billion.

Now, although this still did beat expectations, BHP shares have actually jumped in the pre-market, with one analyst at Hargreaves Lansdowne saying that the company’s ultra low cost production gives it an edge even when prices falter.

The company has blamed mixed global demand for iron ore, but added that these losses had been offset by an increase in copper prices, which ballooned following one of President Trump’s tariffs on the metal.

BHP has increased its copper production by 28% in the last three years.

A big factor for the reducing iron ore price has been its main importer, China, which has seen a reduction in its steel output.

Now BHP will also be bracing for the upcoming Simandou iron ore project in Guinea, where a consortium of Chinese miners and its rival Rio Tinto are expected to start shipping by the end of the year.

OK, finally we’ve got Nvidia and it’s reportedly working on a new AI chip for China that’s more powerful than the H100 model it’s currently allowed to sell there.

According to a report from Reuters, the new chip is tentatively known as the B30A.

The new chip will have a single design, high bandwidth memory, and Nvidia’s NV Link technology for fast data transmission between processors.

Nvidia reportedly hopes to deliver samples to Chinese clients for testing as early as next month.

Shares of Nvidia have nearly doubled since early April.

OK, that does it for trending tickers, but you can track the best and worst performing stocks with Yahoo Finance’s Trending Tickers page.