Today's Morning Movers and Top Ratings: NVDA, ORCL, AVGO, PARA and More

$Oracle (ORCL.US)$ The cloud services company's shares advanced nearly 8% after announcing deals with Google and OpenAI, including plans to make its database available on Google Cloud and partnering with Microsoft and OpenAI for additional computing capacity.

$Rentokil Initial PLC (RTO.US)$ U.S.-listed shares of the British pest control company surged 12% following news that Nelson Peltz’s Trian Partners had taken a significant stake in the firm.

$Klaviyo (KVYO.US)$ The marketing automation stock increased by nearly 4% after an upgrade at Barclays to overweight from equal weight, citing Klaviyo as a “rare bright spot among peers.”

$Rubrik (RBRK.US)$ Shares rose 3.5% after the cloud data management company reported first-quarter revenue of about $187 million, exceeding the approximately $172 million analysts had expected.

$Broadcom (AVGO.US)$ Shares moved up 1.7% in anticipation of Broadcom’s quarterly earnings report, with the stock having soared more than 30% year to date.

$Caseys General Stores (CASY.US)$ Shares gained 5% after the company reported earnings per share of $2.34 and revenue of $3.6 billion, surpassing the expected figures of $1.72 per share in earnings and $3.47 billion in revenue.

$NVIDIA (NVDA.US)$ shares gained 1.89% after the Labor Department Statistics announced that the US annual inflation rate dipped to a three-month low of 3.3%, defying expectations that it would remain steady at April's rate of 3.4%.

$Paramount Global-B (PARA.US)$ Shares fell 2.3% following reports that National Amusements halted merger discussions with Skydance involving Paramount.

$Birkenstock (BIRK.US)$ The stock dropped 2.7% after Goldman Sachs downgraded it to neutral from buy, noting that while the investment thesis remains positive, the shares have outperformed the broader luxury peer group, with a 21% rise year to date.