On Tuesday, Shares of Vale SA (ADR)(NYSE:VALE), subtract -3.71% and closed at $5.45 in the last trading session. The last trading range of the stock ranges between $5.39 and $5.70. Vale S.A., together with its auxiliaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Its Bulk Material segment produces and extracts iron ore and pellet. This segment is also involved in the production and extraction of manganese, ferroalloys, and others ferrous products and services; and extraction of coal, in addition to in the provision of railroad, port, and terminal logistics services. The companys Base Metals segment produces and extracts non-ferrous minerals, counting nickel and copper. Its Fertilizers segment provides a group of nutrients, such as potash, phosphates, and nitrogen. The company also invests in energy generation through operating hydroelectric plants and centers, in addition to produces steel. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A.
Array Biopharma Inc (NASDAQ: ARRY), dropped -2.62% and closed at $6.68 in the last trading session. The last trading range of the stock ranges between $6.57 and $7.05. The company’s Market capitalization is $1.10 Billion with the total Outstanding Shares of 162.09 million. Array BioPharma Inc. (ARRY) declared recently the closing of its underwritten public offering of 21,160,000 shares of its common stock, which includes 2,760,000 shares of common stock issued upon the exercise in full of the option to purchase additional shares granted to the underwriters, at a public offering price of $6.25 per share. The total gross proceeds from the offering are $132.25 million, before underwriting discounts and commissions and offering expenses.
J.P. Morgan Securities LLC and Cowen and Company, LLC acted as joint book-running managers for the offering. Stifel and Wells Fargo Securities, LLC acted as lead managers and SunTrust Robinson Humphrey, Inc. acted as co-manager.
The shares were sold following an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.
NVIDIA Corporation (NASDAQ:NVDA), lost -0.22% and closed at $68.30 in the last trading session. The last trading range of the stock ranges between $67.79 and $69.70. During the 52-week trading session the minimum price at which share price traded, registered at $24.75 and reached to max level of $69.70. NVIDIA and FANUC Corporation recently declared a partnershipto implement artificial intelligence on the FANUC Intelligent Edge Link and Drive (FIELD) system to increase robotics productivity and bring new capabilities to automated factories worldwide.
Adding AI to the FIELD system will give robots the ability to teach themselves to do tasks faster and more efficiently. By learning together, what used to take a single robot 8 hours can now be done by eight robots in an hour.
“The age of AI is here,” said Jen-Hsun Huang, founder and CEO of NVIDIA. “GPU deep learning ignited this new wave of computing where software learns and machines reason. One of the most exciting creations will be intelligent robots that can understand their environment and interact with people. NVIDIA is delighted to partner with FANUC, the world leader of industrial robotics, to realize a future where intelligent machines accelerate the advancement of humanity.”