Papa John's Jumps, Las Vegas Sands Falls, Broadcom Skyrockets
On this episode of Stock Movers:
- Papa John's (PZZA) shares rose as much as 23%, the most intraday since March 2020, after StreetInsider reported that the pizza restaurant operator received a $64 per share bid from Apollo Global Management.
- Las Vegas Sands (LVS) along with Melco and Wynn Resorts all were trading lower as the latest Macau casino industry data painted a gloomy picture.
- Broadcom (AVGO) shares lurched higher after OpenAI agreed to buy the company’s custom chips and networking equipment in a multiyear deal, part of an ambitious plan by the startup to add artificial intelligence infrastructure. As part of the pact, OpenAI will design the hardware and work with Broadcom to develop it, according to a joint statement on Monday. The plan is to add 10 gigawatts’ worth of AI data center capacity, with the companies beginning to deploy racks of servers containing the gear in the second half of 2026.
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