Stock Movers

On this episode of Stock Movers: - Nvidia (NVDA) shares fall after news that Meta Platforms is in talks to spend billions on Google’s AI chips, adding to a monthslong share rally as the search giant has made the case it can rival Nvidia Corp. as a leader in artificial intelligence technology. Alphabet (GOOGL) is rising on the news. - Kohl's (KSS) shares rise after positive earnings and news...

On this episode of Stock Movers: - Nvidia (NVDA) shares fall after news that Meta Platforms is in talks to spend billions on Google’s AI chips, adding to a monthslong share rally as the search giant has made the case it can rival Nvidia Corp. as a leader in artificial intelligence technology. - Oracle (ORCL) shares fall after CFRA downgraded the software company to hold from buy. “ORCL...

On this episode of Stock Movers: - Nvidia (NVDA) shares fall after news that Meta Platforms is in talks to spend billions on Google’s AI chips, adding to a monthslong share rally as the search giant has made the case it can rival Nvidia Corp. as a leader in artificial intelligence technology. - Abercrombie & Fitch (ANF) shares jump after the company raised the low end of its full-year sa...

In this episode of Stock Movers: - Nvidia (NVDA) shares fell on a report that Meta Platforms Inc. is in talks to spend billions on Google’s AI chips, suggesting the internet search leader is making headway in efforts to rival the industry’s bestselling AI accelerator. - Alphabet (GOOG) shares rose more than 2% in postmarket trading after The Information reported Meta Platforms is in ta...

On this episode of Stock Movers: - Alphabet (GOOG) shares rose more than 2% in postmarket trading after The Information reported Meta Platforms is in talks to spend billions of dollars to use Google’s AI-focused chips, known as TPUs, in their own data centers and also rent the chips from Google Cloud, citing a person familiar. - Nvidia (NVDA) shares fell on a report that Meta Platforms Inc....

On this episode of Stock Movers: - ABN Amro Bank NV plans to cut almost 20% of its workforce as new Chief Executive Officer Marguerite Berard seeks to boost profitability. - Shares of UK lenders rose as worries eased that Rachel Reeves was planning to hike taxes on the UK’s biggest banks as part of Wednesday’s budget. - Marston’s shares climb as much as 12% in London to the highe...

On this episode of Stock Movers: - ABN Amro Bank NV plans to cut almost 20% of its workforce as new Chief Executive Officer Marguerite Berard seeks to boost profitability. - Kingfisher shares climb as much as 6.9% after the home-improvement retailer raised its full-year earnings guidance and reported third-quarter sales that were slightly ahead of estimates. - European defense stocks including Rhe...

On this episode of Stock Movers: - Zoom (ZM) reported quarterly revenue that topped analysts’ estimates, a sign of strength for the software maker’s expanded suite of business tools. Fiscal third-quarter sales increased 4.4% to $1.23 billion, Zoom said Monday in a statement. Profit, excluding some items, was $1.52 a share. Analysts, on average, estimated earnings of $1.44 a share on re...

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Katie Greifeld, Tim Stenovec and Carol Massar. On this episode of Stock Movers: - Alphabet (GOOGL) closed higher on last week's glowing reviews for the Gemini AI model. The stock has risen almost 13% this month, and it is up nearly 70% this year, b...

On this episode of Stock Movers: - Novo Nordisk (NVO) dropped after a pill version of Ozempic failed to slow the progression of Alzheimer’s disease in a pair of long-shot studies that aimed to open up a new use for blockbuster obesity drugs. - Amazon (AMZN) is rising. The company says it will spend as much as $50 billion, expanding its capacity to provide artificial intelligence and high-per...

Bristol-Myers (BMY) Analysts are citing a positive readacross to Bristol-Myers from positive results for Bayer's experimental stroke-prevention drug Cantor: Bayer’s data supports confidence in BMY’s own program in secondary stroke prevention Earlier this month:  shares fell after one of its most important experimental medicines appeared unlikely to benefit patients who had suffere...

On this episode of Stock Movers: Oracle (ORCL) Oracle credit-default swaps -- cost of protecting Oracle's debt against default rose to the highest in more than three years Oracle's AI spending spree is raising questions over how exactly the company is going to fund its deals, especially since it has a weaker credit rating than Microsoft or Alphabet -- it's quickly emerging as the credit market&rsq...

On this episode of Stock Movers: - A pill version of Novo Nordisk (NOVOB) Ozempic failed to slow the progression of Alzheimer’s disease in a pair of high-risk studies that aimed to open up a new use for blockbuster obesity drugs. Patients who took the medicine didn’t see their disease progress more slowly based on a cognitive assessment, the Danish drugmaker said Monday. Novo will disc...

On this episode of Stock Movers: - Alphabet (GOOG) shares soared the most in two months on Wednesday as a wave of glowing reviews for the newly released version of its Gemini artificial intelligence model spurred investor confidence about the company’s position in the ever-changing tech landscape. - Eli Lilly (LLY) shares slump after Novo Nordisk said its Evoke late-stage trials did not demo...

On this episode of Stock Movers: - BHP Group has walked away from a fresh takeover approach for Anglo American Plc, ending an unexpected and short-lived attempt by the world’s largest miner to thwart a planned tie-up between its smaller rival and Canada’s Teck Resources Ltd. -Ubisoft Entertainment SA’s shares jumped by the most in nearly a year after the company closed a deal wit...

On this episode of Stock Movers: - Bayer said an experimental stroke-prevention drug showed positive results in a late-stage study, a boost for the German company as it seeks to counter sales declines from aging blockbuster medicines. - Hensoldt and other European defense shares are on watch over the latest news around Ukraine - BHP Group has walked away from a fresh takeover approach for Anglo Am...

On this episode of Stock Movers, we look at some of the week's biggest gainers and decliners: - Nvidia (NVDA) after an initial rally following Wednesday's upbeat earnings, shares fizzled the next day with investors shrugging off the stronger-than-expected revenue forecast and assurances that the AI economy isn’t in a bubble. The broader market also declined, weighed down by AI fears and conc...

On this episode of Stock Movers: - Ross Stores (ROST) third-quarter results exceeded Wall Street’s expectations, driven by increased same-store sales and new marketing campaigns that successfully drew in cash-strapped consumers. The Dublin, California-based company boosted its full-year earnings per share guidance to $6.38 to $6.46, compared to the $6.27 estimated by analysts. Shares of the...

On this episode of Stock Movers: - Gap (GAP) shares rise after the company said its sales came in stronger than expected, bucking the trend across the majority of retail and restaurant chains that have been warning of consumers’ deepening caution in recent weeks. - Eli Lilly (LLY) shares jump after the world’s largest drugmaker just notched another milestone: it’s the first healt...

On this episode of Stock Movers: - Nvidia (NVDA) shares drop after investors shrugged off a stronger-than-expected revenue forecast and assurances that the AI economy isn’t in a bubble. Nvidia, the world’s most valuable company, announced Wednesday that sales will be about $65 billion in the January quarter — roughly $3 billion more than analysts predicted. The chipmaker also sai...

On this episode of Stock Movers: - Shares of Nvidia (NVDA) pared earlier losses in premarket trading after investors shrugged off a stronger-than-expected revenue forecast and assurances that the AI economy isn’t in a bubble. Nvidia, the world’s most valuable company, announced Wednesday that sales will be about $65 billion in the January quarter — roughly $3 billion more than an...

On this episode of Stock Movers: - Shares of Nvidia (NVDA) declined in premarket trading after investors shrugged off a stronger-than-expected revenue forecast and assurances that the AI economy isn’t in a bubble. Nvidia, the world’s most valuable company, announced Wednesday that sales will be about $65 billion in the January quarter — roughly $3 billion more than analysts predi...

On this episode of Stock Movers: - Asos falls 9.7% after reporting results. The firm reported pretax loss for the full year of GBP281.6 million, estimate loss GBP259.8 million. - Ubisoft shares turn higher, reversing initial declines, as the stock resumes trading following a week-long suspension caused by a delay to the publication of second-quarter results. - Tullow Oil shares plummet as much as...

On this episode of Stock Movers: - Walmart (WMT) Walmart shares rose as much as 7.3%, the most intraday since April 9, after the retail giant reported third-quarter results that topped Street expectations. Executives raised the annual guidance metric, resulting in what some analysts described as a “conservative” 4Q view. - Nvidia (NVDA) shares fell 3.2% to $180.64 in New York after ini...

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Tim Stenovec and Carol Massar. On this episode of Stock Movers: - Walmart (WMT) Walmart shares rose as much as 7.3%, the most intraday since April 9, after the retail giant reported third-quarter results that topped Street expe...