Trending tickers: Nvidia, Intel, Apple, Antofagasta, and WPP
July 9, 2025
Vicky McKeever · Business reporter
Updated 4 min read
Shares in Nvidia (NVDA) ticked 1% higher in Tuesday’s session to close at a fresh high of $160 per share.
The rise in share price came despite US president Donald Trump teasing that tariff announcements around chips would be made in the weeks ahead.
Nvidia shares have rebounded from their April lows and are now up 19% year-to-date.
Read more: Stocks rise and US copper prices hit record high as Donald Trump threatens 50% tariff
Speaking to Yahoo Finance on Monday, Patrick Moorhead, CEO at Moor Insights & Strategy, said that since the April low “a lot of risks were taken down” around the stock.
“And for the first time, this gear of the potential next wave of Industrial AI, investors are starting to see the correlation, the potential upside,” he said.
IPhone-maker Apple (AAPL) is in talks to buy the US rights to screen Formula 1, the Financial Times reported on Wednesday, which comes off the back of the success of its film based on the race car series.
Citing people familiar with the discussions, the FT reported that Apple will challenge Disney’s (DIS) ESPN for the broadcast contract when it becomes available next year.
Apple’s F1 film, starring Brad Pitt, has reportedly generated around $300m at the box office, making it the company’s highest grossing film.
Read more: Gold slips to lowest in over a week as Trump tariff threats push dollar higher
The tech company was also in focus due to news around senior staff changes. Bloomberg reported on Tuesday that Apple’s top AI models executive, Ruoming Pang, was leaving the company for Meta (META).
A spokesperson for Apple had not responded to Yahoo Finance UK’s request for comment at the time of writing.
In addition, Apple named Sabih Khan as the company’s new chief operating officer, to take over from Jeff Williams at the end of the month.
Another chipmaker in the spotlight is Intel (INTC), with its shares surging more than 7% on Tuesday, after it was reported that the company was planning to make more layoffs.
Bloomberg reported on Tuesday that Intel was cutting more than 500 positions in Oregon, as part of plans that would ultimately impact 20% of the company’s staff. A spokesperson for Intel had not responded to Yahoo Finance UK’s request for comment at the time of writing.
The news comes as Intel’s recently-appointed CEO Lip-Bu Tan seeks to turn the chipmaker around.
Last week, it was reported that Tan was considering a major shift in the chip manufacturing process. Reuters reported that the CEO was looking at scrapping the American chipmaker’s 18A manufacturing process.
Instead, Intel is reportedly exploring a change to a contract manufacturing business, which it says would mean offering outside customers a newer generation of technology. Reuters reported that analysts believe this process would be more competitive against TSMC (TSM, 2330.TW) in aiming to land key customers such as Apple (AAPL) or Nvidia (NVDA).
On the London market, copper miner Antofagasta was the second biggest faller on the FTSE 100 (^FTSE) on Wednesday morning, after Donald Trump announced that he would hike tariffs on the metal.
Trump said in a cabinet meeting on Tuesday that he would raise duties on copper. “Today we’re doing copper,” Trump said before turning to commerce secretary Howard Lutnick, who confirmed that the rate will be 50%.
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The move will match the current 50% tariffs on two other commodities — steel and aluminium.
Dan Coatsworth, an investment analyst at AJ Bell (AJB.L), said: “The drip-drip of tariff information threatens to increase investor frustration as many people would rather get all the bad news out of the way in one go, so they can get a clearer idea of the lay of the land.”
The biggest faller on the FTSE 100 (^FTSE) on Wednesday morning was WPP, with shares in the advertising agency tumbling more than 16%.
It came after the company lowered its profit guidance for the first half. WPP said that against a challenging economic backdrop, it had seen a deterioration of performance as the second quarter progressed and expected first-half like-for-like revenue, less pass-through costs, to decline by between 4.2% and 4.5%.
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The company expected headline operating profit for the first half to be in the range of £400m to £425m.
Aarin Chiekrie, an equity analyst at Hargreaves Lansdown, said: “WPP’s start to the year was poor, and its first-half performance fell short of its original underwhelming guidance.
“To make matters worse, the new business pipeline is drying up, with performance in June being worse than WPP expected. There’s not likely to be much let-up over the second half either, so the group’s going to need new ways to engage clients and protect margins.”
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