By Sam Boughedda
Roku Inc (NASDAQ: ROKU ) stock is up more than 6.8% Monday. The company revealed that the Apple Music app is now available on the Roku platform. In addition, last week, Roku reported earnings that beat analyst expectations.
Global Payments (NYSE: GPN ) has fallen over 12% after it reported earnings before the bell. The company beat earnings expectations, but revenue came in at $1.95 billion, just under the $1.96 billion forecasted by analysts polled by Investing.com.
Chinese EV makers Nio (NYSE: NIO ), Xpeng (NYSE: XPEV ), and Li Auto (NASDAQ: LI ) are all trading higher around midday, despite reporting lower delivery numbers in April due to supply chain issues resulting from Covid-related lockdowns in China.
Amazon.com (NASDAQ: AMZN ) is down over 3%, adding to last week's earnings-related decline. On Monday, the tech powerhouse was also removed from Wedbush's 'Best Ideas List.'
Nikola Corp (NASDAQ: NKLA ) announced that an institutional investor has agreed to make a $200 million investment in the company via the purchase of convertible senior notes. Nikola shares have declined 5.1%.
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