Yahoo Finance’s Jared Blikre reports on the day's trending tickers.

Video Transcript

- At the interactive board for a look at some of today's top and trending tickers. So Jared, let's talk first about Nvidia and some trouble that they might be getting from the United Kingdom.

JARED BLIKRE: Yeah, the chippies might be down there. We've got some hints that this might happen. You can see Nvidia down half a percent. The biggest deal in the world, but this is about a takeover of Arm, and that is a $40 billion company owned by SoftBank. Lots of international interest here. UK competition authority has to approve the deal. And guess what, they're citing concerns that this supplier, Arm, which supplies parts to, let's say Qualcomm for instance, which also happens to be down here, that it may preferentially choose Nvidia. So that's the deal.

Nvidia, you can see still up 50%, pretty close to its record highs here. Again, a half a percent move for this stock. Not the biggest deal in the world. But I want to show you AMD. Now, their biggest competitor is up about 5% on the news. That should be good for an all-time high. Interestingly, also Xilinx, which is supposed to merge with AMD, that is down 3%. I don't think the two deals are any way related, but it might just be in sympathies here. So some really interesting movements in the chip space, guys.

ALEXIS CHRISTOFOROUS: All right. And I know that after the closing bell we're going to get earnings, Jared, from Lyft. The stock under a little bit of pressure here ahead of that report. What's Wall Street expecting?

JARED BLIKRE: Yeah, we'll get to the numbers and some analyst commentary in a second. I just want to go to a chart. Let's put a [INAUDIBLE] chart on for this so we can see what it's done since its IPO. And you can see it hasn't recovered those opening day highs here. What's interesting, though, this may be forming an inverse head-and-shoulders pattern. And if that is the case, then we could have some upside momentum. We have to clear basically the 7 and the 75 level. If we do that, probably heading higher, and I think it would be pretty easy to take out those record highs.

Now, I promised some numbers. This is going to be the commentary of the street here. Let's go to the estimates. We've got adjusted EBITDA a loss, estimate of $40.3 million. Also a revenue estimate, $700.7 million. And then active writers estimate-- this is a key statistics-- $15.4 million. Also, I have some commentary by Wedbush. I can just scroll down here. Yeah, they're saying, "says bullish outlook may prove conservative if demand continues to rebound faster than expected. Forecasts second quarter revenue of $696 million at the high end of company guidance of $680 to $700 million." And they're saying the "risk for Lyft include regulatory issues, technology hurdles, lack of geographic diversity," and they also see a "potential for rerating." They're maintaining their $85 price target, excuse me. And as we can see, that's right up near these record highs, which were achieved on the very first day of trading, guys.

- All right. And Jared, let's talk cryptocurrency now, especially as cryptocurrency Bitcoin right now in the sights of the SEC and SEC chair Gary Gensler after he had some comments today. Tell us a little bit more about that.

JARED BLIKRE: Yeah, the good news here-- well, you can see Bitcoin is down 4%. The good news is there seems to be a path that Gensler is laying out for a Bitcoin ETF. Interestingly, he might want to make it come under the mutual fund laws. So you have the '33 Act, the 1933 Securities and Exchange Act, then you have the 1940 Investor Advisory Act. And without getting into the weeds here, the mutual fund laws offer greater investor protection. He also said he likes the CME futures.

So an ETF based on CME futures, Bitcoin futures, presumably he likes that better than the CBO futures or the backed futures, which is owned by the New York Stock Exchange. So he's outlined a path here. And I'd say the biggest concern for investors is, when are we going to be able to get that Bitcoin ETF? Whether you love it or hate it, I think investors should be able to take that risk on for themselves and make that decision.