BUZZ-Riot Platforms jumps after investor Starboard pushes for more AI deals
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Shares of Riot Platforms (RIOT.O) rose 5.3% to $15.42 in premarket trading after activist investor Starboard Value urged the company to pursue more significant AI deals. Starboard highlighted that RIOT's shares have lagged behind peers with larger AI agreements, despite a recent transaction with Advanced Micro Devices being a positive indicator. Starboard has increased its stake in RIOT, emphasizing the need for more substantial deals to unlock the company's intrinsic value. Year-to-date, RIOT stock is up 15.6%.
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