Steel Corp. shares drop due to blocked merger, Microsoft invests in AI, GM and Ford see sales increase

From Nasdaq: 2025-01-06 02:44:00

United States Steel Corp.’s shares drop 6.5% after the Biden administration blocks $14.9 billion merger deal with Nippon Steel. Microsoft plans to invest $80 billion in AI-enabled data centers by 2025, boosting its shares by 1.1%. General Motors and Ford report best annual U.S. new vehicle sales since 2019, with shares up 0.8% and 2.4% respectively.

Zacks experts choose top stock set to double in coming months, with Director of Research Sheraz Mian naming the most explosive upside pick. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter. Recent pullback creates ideal entry opportunity. Previous Zacks’ Stocks Set to Double like Nano-X Imaging saw +129.6% growth in 9 months.



Read more at Nasdaq: Company News for Jan 6, 2025