Diamond ring stocks pop on heavy volume after Taylor Swift-Travis Kelce engagement announcement

Fellas, if a prime bachelor like Travis Kelce is ready to settle down and tie the knot, what’s your excuse?

That may have been the thought running through some traders’ minds shortly after 1 p.m. ET, when shares of diamond retailer Signet Jewelers briefly popped to session highs on heavy volume following the announcement from megastar Taylor Swift that she and the Kansas City Chiefs’ tight end had gotten engaged.

It took longer for smaller jewelry company Brilliant Earth to react to the news, but it’s had a much bigger pop, up more than 20% at its highs of the day.

Whatever happened to, “I like shiny things but I’d marry you with paper rings”?

Taylor Swift Travis Kelce Engagement Ring — Source: Taylor Swift via Instagram

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Visa reports solid beat on earnings

Visa inched up in after-hours trading, as it reported quarterly numbers that outpaced expectations. The solid, but unspectacular, outperformance — it beat earnings-per-share estimates by a penny — is par for the course for a company that’s developed a reputation as a boring, but consistent, moneymaker seemingly indifferent to economic conditions.

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Bloom Energy blossoms after reporting Q3 numbers

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Tech-fueled rally drives stocks to new records ahead of Fed rate decision and big earnings

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Lucid plans to build a privately owned autonomous car with Nvidia tech

Shares of Lucid vaulted briefly on Tuesday afternoon following the company’s announcement that it will team up with Nvidia to bring Level 4 autonomous driving to its future vehicles.

A still unnamed midsized SUV by Lucid, planned for 2026, will feature lidar and radar provided by Nvidia’s ecosystem. Ultimately, the automaker said it aims to create the “first true eyes-off, hands-off, and mind-off (L4) consumer owned autonomous vehicle.” Level 4 autonomous vehicles, like Waymo’s robotaxis, operate without human intervention.

The Nvidia partnership will also bring new automated features to Lucid’s Gravity SUV, the luxury EV maker said. Its shares rose more than 6% before losing all those gains and dipping into the red.

Lucid and Nvidia’s announcements came along with a host of other new partnerships at the chip designer’s GPU Technology Conference in Washington, DC.

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