Market Catalysts host Julie Hyman and Yahoo Finance Markets and Data Editor Jared Blikre track several of Wednesday's top trending tickers and stories.

Nvidia (NVDA) stock is in focus after the company announced a multiyear partnership with Meta (META), supplying the social media company with GPUs and CPUs.

Additionally, Nvidia sold off its stake in Arm Holdings (ARM).

Madison Square Garden Sports (MSGS) is exploring a spin-off that would separate the New York Knicks and New York Rangers.

To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.