June 2025 Stock Market Update: Nvidia, FedEx, Micron, Rivian & Vista Outdoor Price Moves

Market Highlights for June 26, 2024

Nvidia (NVDA) shares are climbing in early trading as investors prepare for today’s shareholder meeting where key votes on executive pay, board members, and accounting firm renewals will take place. FedEx (FDX) is rallying after exceeding revenue expectations and projecting continued growth into the next fiscal year. Micron Technology (MU) is expected to report a strong quarterly revenue jump post-market, benefiting from its partnership with Nvidia. Electric vehicle maker Rivian (RIVN) is surging following Volkswagen’s announcement of a $5 billion investment, granting VW access to Rivian’s innovative vehicle software. Vista Outdoor (VSTO) shares are up after MNC Capital increased its all-cash acquisition offer to $42 per share. U.S. stock futures remain steady. Here’s what investors need to know today.

1. Nvidia Shares Rise Ahead of Annual Shareholder Meeting

After a nearly 7% gain on Tuesday, Nvidia (NVDA) is up another 2% in premarket trading ahead of its annual shareholder meeting. Investors will vote on executive compensation packages, including CEO Jensen Huang’s $34.2 million 2024 salary—up almost 60% from last year—as well as re-election of the 12-member board and renewal of PwC as the accounting firm. While no major announcements are expected, executives may provide updates on Nvidia’s AI product development.

2. FedEx Surges on Strong Earnings Beat

FedEx (FDX) shares jumped over 13% premarket after reporting fiscal Q4 revenue of $22.1 billion and earnings per share of $5.94, both exceeding analyst estimates. Though full-year revenue was slightly lower than last year, it met expectations. CEO Raj Subramaniam highlighted significant progress driven by cost-cutting and anticipates revenue growth in the low- to mid-single-digit range for fiscal 2025.

3. Micron Technology Expected to Report Revenue Spike

Micron Technology (MU) shares rose nearly 3% premarket ahead of its Q3 earnings report. Analysts forecast a substantial revenue increase compared to last year and a net income near $400 million, rebounding from a $1.9 billion loss in Q3 2023. Strong guidance for Q4 is also anticipated. Micron’s memory chips are critical components in Nvidia’s AI GPUs, positioning the company well for growth alongside Nvidia.

4. Rivian Soars Following Volkswagen’s $5 Billion Investment

Electric vehicle manufacturer Rivian (RIVN) surged approximately 40% premarket after Volkswagen (VWAGY) announced a $5 billion investment deal. The partnership grants VW access to Rivian’s advanced vehicle software, with an initial $1 billion investment followed by $4 billion by 2026. This move comes after Ford exited its majority stake and collaboration plans with Rivian last year.

5. Vista Outdoor Rises on Higher Takeover Bid

Vista Outdoor (VSTO) shares increased more than 8% premarket after MNC Capital Partners raised its all-cash acquisition offer to $42 per share, valuing the company at about $3.2 billion. This represents a 40% premium over Vista’s price before the initial proposal and 24% above Tuesday’s close. MNC indicated no regulatory or financing hurdles and expects a swift merger agreement.

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