Stock Movers

On this episode of Stock Movers:

- Nvidia (NVDA) invested $2 billion in chip-design software maker Synopsys (SNPS) as part of a broader engineering and design tie-up, aiming to infuse its AI-computing technology into more industries. Nvidia purchased the shares at $414.79 each, the companies said in a statement on Monday. The stake represents 2.6% of Synopsys’ outstanding stock. California-based Synopsys is one of the largest providers of software and services used to design electronic components. It aids with designing the complex layout of billions of transistors and connectors for modern chips, and also verifies that hardware will work as intended before the production stage. That process is used to build the chips needed in artificial intelligence systems, such as those sold by Nvidia. Shares of Synopsys rallied.

- Moderna (MRNA) fell Monday after the Food and Drug Administration said in a memo late last week it would place new restrictions on which vaccines hit the market.
Vinay Prasad, a top FDA official, blamed Covid shots for playing a role in the deaths of 10 children in the memo he sent to agency staff on Friday, which was seen by Bloomberg. He said the FDA will require vaccine makers to perform additional tests to get their shots approved as a result of the safety concerns. Moderna, which produces Covid shots, fell 4.1% at the start of regular trading in New York on Monday. Other vaccine makers also dipped. BioNTech SE slipped 2.1%, Novavax Inc. fell 3.1%, while Vaxcyte Inc. declined 10%.

- Strategy (MSTR) said it had created a $1.4 billion reserve to fund future dividend and interest payments, in a bid to temper fears that the Bitcoin accumulator may be forced to sell some of its roughly $56 billion cryptocurrency haul if token prices continue to fall. The Tysons Corner, Virginia-based company said in a statement on Monday that the new reserve, funded by proceeds from the sale of shares of class A common stock, would cover at least 21 months of dividend payments. Over time, it plans to maintain enough cash in the reserve to cover up to two years of payments.
Even so, the announcement did little to allay concern. The shares slumped as much as 12% on Monday, before closing the day down 3.3%.

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On this episode of Stock Movers, we focus on retailers for Cyber Monday:

- Ralph Lauren (RL) shares traded higher on Cyber Monday as shoppers embrace the "Ralph Lauren Christmas" viral trend on social media. Last week, the stock hit record highs on November 24th and November 25th. 

- Steven Madden (SHOO) also saw its share trade higher. Its acquisition of Kurt Geiger earlier in the year has helped the brand reach new customers.

- Ulta Beauty (ULTA) saw its stock rises as investors await its earnings report on Wednesday. Ulta Beauty also benefited from steady demand on Black Friday weekend.

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On this episode of Stock Movers:
- Vaccine makers (MRNA, BNTX, PCVX) shares fall after news that the FDA will place new restrictions on which vaccines hit the market due to safety concerns, according to a memo from Vinay Prasad, a top FDA official.
- Synopsys (SNPS) shares rise after Nvidia struck a deal to invest $2 billion into chip-design software maker Synopsys Inc.’s stock as part of a broader engineering and design tie-up, the latest massive investment by the chipmaker into one of its own suppliers.
- Barrick Mining (ABX) shares rise after news that the company is exploring an initial public offering of its North American gold assets, including its joint-venture interests in Nevada and a large mine in the Dominican Republic.

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On this episode of Stock Movers:
- Synopsys (SNPS) shares rise after Nvidia struck a deal to invest $2 billion into chip-design software maker Synopsys Inc.’s stock as part of a broader engineering and design tie-up, the latest massive investment by the chipmaker into one of its own suppliers.
- Accenture (ACN) shares climbed in early NY trading after announcing a collaboration with OpenAI to help enterprise clients integrate agentic AI systems into their core business operations. Accenture will equip tens of thousands of its professionals with ChatGPT Enterprise, leveraging it consulting, operations and delivery work. Partnership will help OpenAI scale its capabilities to enterprises. OpenAI will be one of Accenture’s primary AI partners for AI-powered services
- Coinbase shares fell. Crypto stocks were sliding following another selloff in Bitcoin, which has dropped 5% over the past 24 hours to fall back below $90,000 to around $86,500. Shares in the crypto exchange Coinbase Global dropped 3.7%, Bitcoin investor Strategy fell 4.1%, and online-trading platform Robinhood Markets was down 3.3%.

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On this episode of Stock Movers:
- Shares of Airbus (AIR FP) declined ahead of the US market open after the company suffered a one-two punch on its most popular product, the A320 airliner after the company Monday revealed quality issue on some fuselage panels that require inspections — just days after flagging a software glitch on about 6,000 jets that needed emergency upgrades. The European manufacturer appeared to have averted a major headache Monday morning when it said only a tiny portion of the aircraft needing the software fix still required attention. But the disclosure of quality lapses on a key section of the aircraft spooked investors again, driving the stock down the most since April.
- Shares of Nvidia (NVDA) dipped in the early session after news the company has invested $2 billion into chip-design software maker Synopsys (SNPS) as part of an engineering and design partnership. Nvidia purchased the shares at $414.79 each, the companies said in a statement on Monday, compared with a closing price of $418.01 on Friday. Nvidia, the most valuable company in the world, has invested in a series of companies with the boom in artificial intelligence, including OpenAI and data center operators such as CoreWeave Inc. It even agreed to invest $5 billion in Intel Corp., a potential rival, as part of a partnership to co-develop chips for personal computers and data centers.
- Shares of Strategy (MSTR) and other cryptocurrency-exposed stocks slipped in premarket trading after the crypto sector fell sharply on Monday, bringing fresh momentum to a wide-ranging selloff that appeared to have settled. Bitcoin slid as much as 6% to below $86,000 in early Asia trading, while Ether dropped more than 7% to about $2,800, according to data compiled by Bloomberg. Most tokens followed a similar pattern, with Solana falling 7.8%. Bitcoin later retraced some of its losses and was trading at around $86,788 at 10 a.m. in London.

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On this episode of Stock Movers:
- Shares of Strategy (MSTR) and other cryptocurrency-exposed stocks slipped in premarket trading after the crypto sector fell sharply on Monday, bringing fresh momentum to a wide-ranging selloff that appeared to have settled. Bitcoin slid as much as 6% to below $86,000 in early Asia trading, while Ether dropped more than 7% to about $2,800, according to data compiled by Bloomberg. Most tokens followed a similar pattern, with Solana falling 7.8%. Bitcoin later retraced some of its losses and was trading at around $86,788 at 10 a.m. in London.
- Shares of Canadian Solar (CSIQ) soared in the early session after the solar panel manufacturer is transferring the assets of its Chinese unit to Canadian ownership, to safeguard sales into the US as Washington steps up scrutiny of imports from the Asian nation. CSI Solar Co., based in Suzhou, will sell 75.1% of three overseas factories that serve the US market to its parent company, Canadian Solar Inc., the Chinese company said in an exchange filing in Shanghai. Canadian Solar, which is listed on the Nasdaq, was the world’s seventh-biggest producer of solar panels last year, according to BloombergNEF data, and was an early entrant into the booming energy storage business.
- Shares of the Walt Disney Company (DIS) edged higher ahead of the US market open after a strong weekend at the box office. Zootopia 2, an animated feature about a rabbit cop and her crime-fighting partner, brought in $156 million at the US and Canadian box office over the Thanksgiving weekend, making it the No. 1 film. The five-day haul compared with expectations of at least $125 million from industry tracker Boxoffice Pro. The film achieved the highest global opening for any animated picture in Disney’s history with a haul of $556 million worldwide. It’s the biggest animated opening of all time in China, excluding local films, the company said.

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On this episode of Stock Movers:
- Greggs is being urged by an activist investor to cut tens of millions of pounds of annual costs over fears that the bakery chain will otherwise fall prey to a cut-price takeover bid.
- Monte Paschi shares fell for a third consecutive day as investors are digesting a sweeping investigation into its takeover of rival Italian lender Mediobanca.
- Airbus said the vast majority of around 6,000 A320-family aircraft impacted by a software glitch have received the necessary modification over the weekend, helping the European planemaker sidestep a wider disruption in what has become the company’s largest recall to date.

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On this episode of Stock Movers:
- Greggs is being urged by an activist investor to cut tens of millions of pounds of annual costs over fears that the bakery chain will otherwise fall prey to a cut-price takeover bid.
- Rheinmetall and other European defense stocks fell on Monday after reports of progress in Ukraine-Russia talks over the weekend.
- European mining shares including Fresnillo are among the best-performing sectors in the Stoxx 600 benchmark as copper advanced to a record high on the London Metal Exchange on fears the global market is heading for a supply crunch.

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On this episode of Stock Movers:

- Shares of CME Group (CME) dipped in the premarket session after trading of futures and options on the Chicago Mercantile Exchange was halted by a data-center fault, causing hours of disruption to markets across equities, foreign exchange, bonds and commodities. The malfunction was caused by cooling system problems at a data center in the Chicago area, according to facility operator CyrusOne. Engineering teams have restarted several chillers and deployed temporary cooling equipment, a spokesperson said, without giving a time for the resumption of normal operations.

- Shares of Tilray Brands (TLRY) fell ahead of the US market open after the cannabis company announced that it will implement a one-for-ten reverse stock split of its common stock. The reverse stock split is expected to be effective after the markets close on December 1st, and shares of TLRY’s common stock will begin trading on a split-adjusted basis under the same symbol when the markets open on December 2nd, according to a press release.

- Shares of Oracle (ORCL) declined in early trading after Morgan Stanley warned a gauge of risk on Oracle Corp.’s debt reached a three-year high in November, and things are only going to get worse in 2026 unless the database giant is able to assuage investor anxiety about a massive artificial intelligence spending spree. A funding gap, swelling balance sheet and obsolescence risk are just some of the hazards Oracle is facing, according to Lindsay Tyler and David Hamburger, credit analysts at the brokerage. The cost of insuring Oracle Corp.’s debt against default over the next five years rose to 1.25 percentage point a year on Tuesday, according to ICE Data Services.

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On this episode of Stock Movers:
- Shares of CME Group (CME) dipped in the premarket session after trading of futures and options on the Chicago Mercantile Exchange was halted by a data-center fault, causing hours of disruption to markets across equities, foreign exchange, bonds and commodities. The malfunction was caused by cooling system problems at a data center in the Chicago area, according to facility operator CyrusOne. Engineering teams have restarted several chillers and deployed temporary cooling equipment, a spokesperson said, without giving a time for the resumption of normal operations.
- Shares of Oracle (ORCL) declined in early trading after Morgan Stanley warned a gauge of risk on Oracle Corp.’s debt reached a three-year high in November, and things are only going to get worse in 2026 unless the database giant is able to assuage investor anxiety about a massive artificial intelligence spending spree. A funding gap, swelling balance sheet and obsolescence risk are just some of the hazards Oracle is facing, according to Lindsay Tyler and David Hamburger, credit analysts at the brokerage. The cost of insuring Oracle Corp.’s debt against default over the next five years rose to 1.25 percentage point a year on Tuesday, according to ICE Data Services.
- Shares of Sandisk (SNDK) rallied ahead of the US market open on reports Japan and the US are considering building a NAND flash memory plant in the US through a public-private partnership with Kioxia Holdings and SanDisk seen as the main investors. According to Nikkan Kogyo, challenges to plan including disagreements over capital structure and management control, as well as potential Chinese regulatory issues.

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On this episode of Stock Movers:
- Delivery Hero is facing pressure from several large shareholders to conduct a strategic review amid increasing consolidation in the food-delivery industry, people with knowledge of the matter said.The stock rallied in early trading on Friday, rising as much as 8.2%.
- Domino’s Pizza shares drop as much as 1.5% after analysts at UBS downgraded the pizza seller, citing a lack of near-term catalysts.
- Mitchells & Butlers shares climb as much as 8.2% on Friday, the most since May 2024, after the pub operator reported strong full-year results and robust current trading. Tiwa Adebayo

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On this episode of Stock Movers:
- Delivery Hero is facing pressure from several large shareholders to conduct a strategic review amid increasing consolidation in the food-delivery industry, people with knowledge of the matter said.The stock rallied in early trading on Friday, rising as much as 8.2%.
- EasyJet shares rise as much as 3.1% to a six-week high. The budget airline offers a cheap play to benefit from supply-constraint tailwinds in the industry, according to Bernstein, which upgrades the stock to outperform from market-perform.
- Whitbread drops 8% after a double-downgrade at Bernstein.

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On this episode of Stock Movers:
- Puma shares surge as much as 14%, the most in two months, as Chinese sports apparel company Anta Sports Products is among firms exploring a potential takeover, Bloomberg reported. Square Global Markets says Anta Sports is best placed among potential bidders for an offer.
- Boohoo shares soar as much as 24%, the most since April, after the group’s 1H results showed momentum in its Debenhams business. It also gave full-year ebitda guidance which RBC analysts say was above what they would have expected.
- Shares of Unite Group touched their lowest level in 10 years after Britain’s biggest student housing provider warned that a weak market will push its earnings down by as much as 10% next fiscal year.

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On this episode of Stock Movers:
- Puma shares surge as much as 14%, the most in two months, as Chinese sports apparel company Anta Sports Products is among firms exploring a potential takeover, Bloomberg reported. Square Global Markets says Anta Sports is best placed among potential bidders for an offer.
- Remy Cointreau shares rise 3.6% in Tradegate activity after the French spirits maker reported better-than-feared sales growth in the first half. Jefferies notes that expectations of flat growth in the second half set the stage for the stock’s stabilization, after a year of losses and a guidance cut last month.
- Deutsche Boerse shares rise as much as 3.5% after JPMorgan upgraded the German exchange operator to overweight from neutral, with analysts saying the current valuation of the shares fails to reflect the quality and diversification of the business.

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On this episode of Stock Movers:

- Robinhood (HOOD) shares traded higher as much as 7.5% on Wednesday after the company announced that it is are buying a majority stake in LedgerX, a US-based derivatives exchange once owned by FTX and now run by Miami International Holdings Inc., alongside Susquehanna International Group. The deal gives the companies access to the prediction markets.

- Dell (DELL) raised its annual projections for the key artificial intelligence server market, a sign of sustained demand for the type of machines needed in the current data center boom. Dell booked $12.3 billion of AI server orders in the fiscal third quarter, which ended Oct. 31, the company said Tuesday in a statement. Dell shipped $5.6 billion worth of the servers and ended the quarter with backlog of $18.4 billion. The company raised shipment projections for the year to $25 billion from $20 billion. Shares rallied in extended trading after earnings on Tuesday and continued to rally on Wednesday.

- Deere (DE) weak forecast for the year ahead reinforces the difficulty in predicting a recovery in the US farm economy as uncertainty continues to swirl over the impact of tariffs and trade deals. Shares of the world’s biggest farm machinery maker fell as much as 5.7% in New York as the company’s first profit outlook for 2026 fell short of expectations. The forecast underscores how the agriculture sector remains in the dark even after a US trade agreement resumes crop shipments to China.

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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:

- Dell Technologies (DELL) finished 5.8% higher on the day, after reporting earnings yesterday evening. The company raised its annual projections for the AI server market due to sustained demand for machines needed in the current data center boom.

- Urban Outfitters (URBN) finished the day with a gain of 13%. Yesterday, the apparel company reported net sales for the third quarter that beat the average analyst estimate. The owner of the Anthropologie and Free People brand followed positive reports from peers Abercrombie and Gap.

- Deere (DE) shares are under pressure, finishing 5.67% lower after the company put out a weak forecast, and investors are reacting negatively. The farm equipment maker is struggling because tariffs have hurt demand for crops, which means farmers have less money to spend on new machinery.

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On this episode of Stock Movers:

- Deere (DE) shares are under pressure after the company put out a weak forecast, and investors are reacting negatively. The farm equipment maker is struggling because tariffs have hurt demand for crops, which means farmers have less money to spend on new machinery.

- HP Inc. (HPQ) stock is down after reporting outlook below expectations yesterday. HP blamed the high cost of memory chips that go into computers. HP, which makes computers and printers, also said it will cut 4,000 to 6,000 employees over the next two years and replace them with AI tools.

- Workday (WDAY) results beat estimates, but there are questions from analysts about how much of that is from an acquisition it made in October, and how much is organic growth. Bloomberg Intelligence pointed out that large companies are cutting workers, so it'll be hard for Workday to take on new clients. The stock is lower.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares and the broader market are pacing ahead, despite an earlier report that Chinese regulators blocked ByteDance from using its chips in new data centers. While the company has plenty of demand to offset lost Chinese revenue for now, it remains a lingering headwind longer-term.
- Dell (DELL) shares rise after the company raised its annual projections for the AI server market due to sustained demand for machines needed in the current data center boom.
- Hewlett Packard Enterprise (HPE) shares fall after announcing that the Defense Information Systems Agency, a combat support agency of the Department of War, has awarded the company with Production Other Transaction Authority.

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On this episode of Stock Movers:
- Deere (DE) shares fall after the company released a weak forecast for the year ahead. This reinforces the difficulty in predicting a recovery in the US farm economy as uncertainty continues to swirl over the impact of tariffs and trade deals.
- Petco (WOOF) shares jump after the pet health and wellness company raised its full-year forecast for adjusted Ebitda. But according to Bloomberg Intelligence: Near term, efforts to reignite sales stand to weigh on 2026 Ebitda margins, which are likely to remain around 6-7%.
- Urban Outfitters (URBN) shares jump after the apparel company reported net sales for the third quarter that beat the average analyst estimate. The owner of the Anthropologie and Free People brand follows positive reports from peers Abercrombie and Gap.

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n this episode of Stock Movers:
- Deere’s (DE) first outlook for the year ahead fell short of expectations as uncertainly continues to surround the timing for a recovery in the US farm economy.
- Urban Outfitters (URBN) shares jump after the apparel company reported net sales for the third quarter that beat the average analyst estimate. The owner of the Anthropologie and Free People brand follows positive reports from peers Abercrombie and Gap.
- Petco Health & Wellness (WOOF) climbed after raising its full-year earnings guidance, signaling progress in its turnaround.

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On this episode of Stock Movers:
- Deere’s (DE) first outlook for the year ahead fell short of expectations as uncertainly continues to surround the timing for a recovery in the US farm economy.
- Urban Outfitters (URBN) shares jump after the apparel company reported net sales for the third quarter that beat the average analyst estimate. The owner of the Anthropologie and Free People brand follows positive reports from peers Abercrombie and Gap.
- Dell Technologies (DELL) shares are up, after the company raised its full-year forecast. Analysts noted growth in AI server shipments as a highlight.

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On this episode of Stock Movers:
- Pets at Home shares rise as much as 6.8% on Wednesday, the most since May, after the group reported results in line with expectations and outlined its retail turnaround plan. Analysts said they were “encouraged” by the statement and pointed to improving retail trends.
- Valneva announced positive final immunogenicity and safety data from Phase 2 study VLA15-221 of Lyme disease vaccine candidate, VLA15, which showed strong anamnestic immune response and favorable safety profile six months after a third booster dose in all age groups..
- British Land is indicated to join the FTSE 100, while WPP is indicated to be deleted from the index.

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On this episode of Stock Movers:
- European pharmaceutical stocks may be active after the US government said Tuesday that it negotiated a 71% discount of the list price of Novo Nordisk's drugs Ozempic and Wegovy for patients in Medicare. 
- Pernod Ricard is dipping after JPMorgan is taking a generally cautious stance on European consumer staples heading into 2026, with higher unemployment and low consumer confidence expected to see delivery again weighted to second half of the year, driven by fiscal packages and easier comparatives.
- Next is one of the companies on the frontline in today's UK budget as companies watch for a possible patchwork of levies.

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On this episode of stock movers,

• Nvidia (NVDA) shares ended the day at the lowest level since Sept. 25 as Alphabet (GOOGL) rises on news Meta is in talks to spend billions on Google’s AI chips, the Information reported, 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.
• HP (HPQ) shares sink afterhours after the PC and printer maker gave a profit outlook for current year that fell short of estimates and the company said it will cut 4,000 to 6,000 employees through fiscal 2028 by using more AI tools. 
• Urban Outfitters (URBN) shares surged in post market trading Tuesday after the apparel company reported net sales for the third quarter that beat the average analyst estimate.

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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:

- Autodesk (ADSK) gained 5% afterhours after reporting results The company boosted its adjusted earnings per share guidance for the full year; the guidance beat the average analyst estimate.

- Workday (WDAY) is up about 3% in afterhours trading. Workday reported adjusted earnings per share for the third quarter of $2.32 vs. $1.89 y/y. The company boosted its subscription revenue forecast for the full year.

- Dell Technologies (DELL) raised its annual projections for the AI server market due to sustained demand for machines needed in the current data center boom. The company booked $12.3 billion of AI server orders in the fiscal third quarter and raised shipment projections for the year to $25 billion from $20 billion. Dell's operating margin in its infrastructure unit was 12.4% in the period, and the company's shares rose about 2% in extended trading after the results were announced.

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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 that it promoted interim Chief Executive Officer Michael Bender to the role on a permanent basis as the US retailer tries to move past a period of management turmoil and slumping sales.

- Abercrombie & Finch (ANF) shares jump by 35% after the company raised the low end of its full-year sales outlook as its Hollister brand continued to gain momentum. Net sales will grow 6% to 7% this year, up from the retailer’s previous outlook for at least a 5% gain. Sales at Hollister jumped 16%, helped by strong strong back-to-school demand, the company said in a statement.

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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 faces mounting debt concerns as total debt exceeds $100B following recent capital raises,” and “we expect negative FCF through at least FY28,” writes analyst Angelo Zino.
- NIO (NIO) ADRs drop after the Chinese electric vehicle-maker reported revenue for the third quarter and forecasted sales for the fourth quarter that missed the average analyst estimate.

See omnystudio.com/listener for privacy information.

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 sales outlook as its Hollister brand continued to gain momentum.Net sales will grow 6% to 7% this year, up from the retailer’s previous outlook for at least a 5% gain. Sales at Hollister jumped 16%, helped by strong strong back-to-school demand, the company said in a statement.
- Kohl's (KSS) shares rise after positive earnings and news that it promoted interim Chief Executive Officer Michael Bender to the role on a permanent basis as the US retailer tries to move past a period of management turmoil and slumping sales.

See omnystudio.com/listener for privacy information.

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 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.
- Kohl’s (KSS) raised its full-year outlook for the second straight quarter, a sign that Chief Executive Officer Michael Bender is helping to stabilize performance at the struggling retailer.

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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. 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.
- Alibaba Group (BABA) posted better-than-projected 34% growth in its pivotal cloud business, highlighting the enormous demand for computing during China’s AI boom.

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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 highest level since June 2022, after the pub operator reported results ahead of analysts’ estimates on Tuesday and said Christmas bookings are strong.

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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 Rheinmetall may be active in early trading after Russia and Ukraine exchanged fire with heavy air raids on Kyiv and assaults on southern Russian areas

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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 revenue of $1.21 billion, according to data compiled by Bloomberg. The shares gained about 4% in extended trading after closing Monday at $78.60 in New York. The stock has declined 3.7% this year amid a broader market anxiety toward application software.

- Tesla (TSLA) is nearing the final step of the design process for its AI5 chip and starting work on a new AI6 chip to be deployed in its cars and data centers, Tesla CEO Elon Musk said Sunday in an X post. “Our goal is to bring a new AI chip design to volume production every 12 months,” said Musk, the world’s richest person. “The current version in cars is AI4, we are close to taping out AI5 and are starting work on AI6.” Shares of the EV-maker rallied.

- Tyson Foods (TSN) saw its shares rally after it decided it close a major packing plant in Nebraska. The company on Friday said it was seeking to “right-size its beef business” by ending operations in Lexington, Nebraska, and converting the plant in Amarillo, Texas, to a single shift. About 3,200 workers will be impacted in Lexington and 1,700 in Amarillo, Tyson said.

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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, by far the top performer among the Mag 7

- E.W. Scripps (SSP) rose on a proposal by Sinclair to buy all outstanding shares of E.W. Scripps it does not already own for $7.00 per share, consisting of $2.72 in cash and $4.28 in combined company common stock.

- Novo Nordisk (NVO) closed 5.5% lower. Shares 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.

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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-performance computing services to US government entities.

- Tesla (TSLA) shares jumped around 7% on Monday after a Sunday post on X from Elon Musk commenting on the company’s AI chip plans.

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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 suffered a heart complication, another setback for the drugmaker’s product pipeline

Cooper (COO)

• Maker of medical devices and surgical instruments;
• Activist investors Browning West wrote a letter to the board saying its “inadequate” oversight has led the company to significantly underperform and miss financial guidance
• Calls for urgent change at the Board to refocus the co. and appoint Browning West’s director candidates
• Urges Cooper to pause any potential restructuring efforts until Browning West’s recommended directors are seated so that any restructuring is optimized in scope and magnitude
• Reuters reported earlier this month that Browning West owns about 4% of Cooper

WBD

• Netflix, Comcast and Paramount Skydance all submitted bids for Warner Bros. Discovery by the Nov. 20 deadline for a first bid
• Comcast and Netflix are most interested in the film and TV library; Paramount is willing to buy the whole company
• Fourth owner in seven years
• Warner Bros. may not reach a deal with any of the suitors and may continue its current plan to separate its flagging cable networks from the rest of the businesses next year

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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’s barometer for AI risk
• Stock slumped 11% last week, six-week stretch of declines -- losses also caused a $130 billion hit to Larry Ellison's net worth after the rally in September briefly made him the world's riches person

Alphabet (GOOGL)

• Leads the rally on Monday given continued optimism over the latest version of its Gemini AI model
• Last week: The Information reported that OpenAI CEO Sam Altman recently told colleagues that Alphabet’s progress in AI could “create some temporary economic headwinds for our company”
• Bloomberg Intelligence: excess returns year-to-date are the weakest among investment grade tech peers excluding Oracle; consequence of its considerable defensive credit characteristics and tight spreads vs. fundamentals

Centene (CNC)

• Climbing with other health insurers after Politico reported the White House is expected to propose a two-year extension of Obamacare subsidies with new limits on eligibility
• MS NOW also reported that President Donald Trump is expected to announce a general framework to address health care costs and spikes in ACA insurance premiums
• Centene offers health insurance plans under the Affordable Care Act (ACA) marketplace

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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 discontinue a planned one-year extension of the studies. The stock plunged as much as 12.4% in Copenhagen, hitting the lowest level since July 2021.
- Alibaba Group's (BABA) Qwen app drew more than 10 million downloads in the week after its relaunch, boding well for a longer-term effort to build a rival to OpenAI’s ChatGPT. - Biogen (BIIB) shares rise 4.7% in premarket trading on Monday after Novo Nordisk said a pill version of Ozempic failed to slow the progression of Alzheimer’s disease in two late-stage studies. Wall Street analysts see a positive read-through to Biogen.

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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 demonstrate a statistically significant reduction in Alzheimer’s disease progression. - RTX and Israeli defense firm Rafael have won a $1.25 billion contract to build surface-to-air missiles for Israel’s Iron Dome air-defense system at a new plant in Arkansas, the joint venture announced. The deal marks the first production contract for the partnership at the new facility, based in Camden, in south central Arkansas. The two companies invested $33 million to build the facility, which opened earlier this month.

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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 with Tencent Holdings Ltd. for an investment in Vantage Studios, a unit carved out for its Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six franchises.
- M&C Saatchi reduced its outlook after the longest US government shutdown in history hurt its public sector division.

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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 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.

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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 concerns over whether the Federal Reserve will cut rates in December. But on Friday, shares spiked again on reporting from Bloomberg that US officials are having early discussions on whether to let Nvidia Corp. sell its H200 artificial intelligence chips to China. They gained as much as 2% in the Friday trade to $184.29 following earlier declines.

- Alphabet (GOOG) shares rallied on the week, extending a recent stretch of outperformance on rising optimism over its strength with artificial intelligence. Shares of the Google parent 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.

- Ross Stores (ROST)'s 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. Quarterly same-store-sales rose 7%, while revenue grew 10% compared to the year prior to about $5.6 billion, driven by new marketing campaigns that created positive momentum, Ross said in a statement Thursday. The shares have underperformed the S&P 500 Index this year, rising 6% compared to the index’s 11% gain through Thursday’s close.

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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 discount retailer traded higher on Friday.

- Nvidia (NVDA) shares spiked on Bloomberg reporting that US officials are having early discussions on whether to let Nvidia Corp. sell its H200 artificial intelligence chips to China, according to people familiar with the matter, a contentious potential move that would mark a major win for the world’s most valuable company. President Donald Trump’s team has held internal talks about H200 chip shipments to the Asian country in recent days, said the people, who requested anonymity to discuss a highly sensitive matter. No final decision has been made, the people emphasized, and it’s entirely possible that the idea remains an internal debate and never results in actual license approvals, which are required under export controls that Washington first imposed in 2022.

- Gap (GAP) 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. The retailer follows sales beats by Walmart Inc., Ross Stores Inc., and TJX Cos., the discounter that owns TJ Maxx and Marshalls, showing that chains can still win over consumers despite their deepening caution — as long as they nail execution. The shares rose as much as 8.5% on Friday, the most intraday since May.

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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 health-care company to cross the $1 trillion threshold as investors bet big on the drugmaker’s weight-loss medicines.
- Ross Stores (ROST) shares gain after the discount retailer raised its earnings per share forecast for the full year. The improved guidance came in above the average analyst estimate.

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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 said that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated.
- 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.
- Ross (ROST) shares gain after the discount retailer raised its earnings per share forecast for the full year. The improved guidance came in above the average analyst estimate.

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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 analysts predicted. The chipmaker also said that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated. But it’s faced growing fears in recent weeks that spending on its AI chips isn’t sustainable. The company’s China business also has stalled due to US export restrictions.
- Shares of Gap (GAP) rallied ahead of the US market open after the apparel maker reported stronger-than-expected sales, a sign that celebrity-fueled marketing, flashy collaborations and a revamped inventory are luring in consumers. Comparable sales rose 5% in the third quarter, surpassing the average of analyst estimates. Results at the company’s two biggest brands — Old Navy and Gap — were particularly strong. Earnings per share also outpaced expectations. Chief Executive Officer Richard Dickson is reigniting excitement around Gap with collaborations, including with luggage brand Béis, and the GapStudio line that’s being promoted by Gwyneth Paltrow and her daughter.
- Shares of crypto-related companies Strategy (MSTR), Riot Platforms (RIOT), and Marathon Holdings (MARA) all moved lower in the early trading session with Bitcoin on track for its worst monthly performance since a string of corporate collapses rocked the wider crypto sector in 2022. The largest cryptocurrency slid as much as 7.6% to $80,553 on Friday. Runner-up Ether fell as much as 8.9% to below $2,700 and a host of smaller tokens nursed similar declines. The total market value of virtual coins dropped below $3 trillion for the first time since April, data from CoinGecko show. Bitcoin has now shed about a quarter of its value in November, the most for a single month since June 2022, according to data compiled by Bloomberg. The implosion of Do Kwon’s TerraUSD stablecoin project in May of that year sparked a daisy chain of corporate failures that culminated in the downfall of Sam Bankman-Fried’s FTX exchange.

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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 predicted. The chipmaker also said that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated. But it’s faced growing fears in recent weeks that spending on its AI chips isn’t sustainable. The company’s China business also has stalled due to US export restrictions.
- Shares of Intuit (INTU) moved higher in the early session after the financial software provider posted first-quarter profit and revenue topped estimates. Intuit beat fiscal 1Q estimates, with 18% revenue growth on the back of an 18% gain in Global Business Solutions (GBS), Credit Karma's 27% and the Consumer group's 21%. TurboTax Live sales jumped 51% (long-term range of 15-20%). Email marketing business Mailchimp was an outlier, posting a top-line decline. GBS (59% of fiscal 2025 sales) was driven by QuickBooks Online accounting sales, which rose 25% on higher effective prices, customer growth and a shift in mix.
- Shares of Gap (GAP) rallied ahead of the US market open after the apparel maker reported stronger-than-expected sales, a sign that celebrity-fueled marketing, flashy collaborations and a revamped inventory are luring in consumers. Comparable sales rose 5% in the third quarter, surpassing the average of analyst estimates. Results at the company’s two biggest brands — Old Navy and Gap — were particularly strong. Earnings per share also outpaced expectations. Chief Executive Officer Richard Dickson is reigniting excitement around Gap with collaborations, including with luggage brand Béis, and the GapStudio line that’s being promoted by Gwyneth Paltrow and her daughter.

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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 32% to a new record low after the company issued a trading update. Analysts said there has been a lack of progress on the refinancing of its mountain of debt, with Panmure Liberum warning there is “no investment case to speak of at present, and little rationale for investors not to head for the exit.”

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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 initially climbing more than 5% following a stronger-than-expected revenue forecast. The company announced sales will be about $65 billion in the January quarter and that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated.

- Bath & Body Works (BBWI) shares slumped after cutting its full-year outlook and announcing a turnaround plan to refocus the home products retailer on its core business. The company will exit some categories, including men’s grooming and hair care, and launch its own brand page on Amazon.com Inc.’s webstore under the new transformation plan named the Consumer First Formula.

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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 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 initially climbing more than 5% following a stronger-than-expected revenue forecast. The company announced sales will be about $65 billion in the January quarter and that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated.

- Bath & Body Works (BBWI) shares slumped after cutting its full-year outlook and announcing a turnaround plan to refocus the home products retailer on its core business. The company will exit some categories, including men’s grooming and hair care, and launch its own brand page on Amazon.com Inc.’s webstore under the new transformation plan named the Consumer First Formula.

See omnystudio.com/listener for privacy information.