Check out the companies making headlines before the bell. Synopsys — Synopsys, a developer of design automation models and software, soared 8% after Nvidia invested $2 billion in Synopsys common stock at $414.79 per share as part of a broader strategic alliance. Leggett & Platt — Shares rose 14% after the furniture parts maker received an unsolicited all-stock takeover offer from Somni Group International worth $12 per share. Wynn Resorts — The hotel and casino chain rose nearly 2% after Goldman Sachs added Wynn to its list of confirmed acquisitions. Goldman said the company has a “best-in-class” Las Vegas operation and that improvements in China’s Macau region could be a “transformative upside factor.” Nvidia, Micron Technology, Marvell Technology — Several artificial intelligence stocks fell as investors grew concerned about an AI bubble. Nvidia fell 1.4%, while Micron Technology and Marvell Technology each fell about 2%. Moderna — The mRNA vaccine maker fell 4% after Vinay Prasad, director of the FDA’s Center for Biologics Evaluation and Research, released an internal memo linking Moderna’s coronavirus vaccine to the deaths of 10 children, according to the New York Times. Coinbase, Mara Holdings — Cryptocurrency stocks fell as traders continued to exit risk-on investments. Mara Holdings fell 6.5% and Coinbase fell nearly 4%. Cleanspark — Bitcoin mining stock fell more than 7%, reversing some of last week’s 55% rally. Last week, Cleanse Park rallied as Bitcoin traded above $90,000. However, the digital currency fell more than 5% early Monday, putting pressure on CleanSpark. — CNBC’s Fred Imbert and Alex Harring contributed reporting
