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US Stocks that surged to 52-week high: $NVDA $TWLO $VEEV

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NVIDIA Corporation continues surge on account of Arms deal

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NVIDIA Corporation (NASDAQ:NVDA) augmented to its new 52-week high of $440.41 after the speculations regarding its deal to buy Arm are ripe in the market. Apparently, Nvidia and Softbank are holding negotiations for stake in Arm, a deal which is said to be in advanced stage now.

However, the talk among the fraternity is regarding the purpose of buying Arm. It is observed that one of the reasons could be Nvidia's surging share price, which is making it easier for the company to absorb $20-30 billion all-share deal. Another reason could be that this deal would help Nvidia foraying into mobile industry. At present, Arm's revenue is $2 billion, which is considered unprofitable.

Twilio Inc to report its second quarter financial results

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The leading cloud communications platform, Twilio Inc (NYSE:TWLO) expanded to a new 52-week high of $286.33. The company is soon to report its second quarter financial results of this year, after the markets close today. The conference call is scheduled at 2:00 p.m. (PT) / 5:00 p.m. (ET) today.

The company comes with a vivid portfolio with democratized communications channels such as email, video, chat, text and voice. Twilio aims at changing the way the companies try and engage with their customers.

Veeva Systems Inc assists pacing ventilator production in the U.K.

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Veeva Systems Inc (NYSE:VEEV) gained in the market to thump new 52-week high of $268.06. This comes in the backdrop of company's recent announcement of helping U.K. overcome the shortage of ventilators in treating COVID-19 patients. During the pandemic, there has been a sudden demand for ventilators, and almost each country has suffered with the scarcity of resources. To suffice this requirement, Veeva offered Veeva Vault QMS for pacing up ventilator production in the U.K. as a part of VentilatorChallengeUK.

A group of companies belonging to different industries, such as medical, automotive, aerospace and a few others have joined hands to help U.K. meet nationwide demand for ventilators.

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