Stock Movers

On this episode of Stock Movers:

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, Carol Massar and Tim Stenovec.

- The US government’s bet on Intel (INTC) is paying off in a big way after a surprise investment from Nvidia Corp. sparked the biggest rally in the chipmaker’s shares in nearly four decades. Intel shares soared 23% on Thursday after the firm announced that Nvidia had agreed to invest $5 billion in the company and co-develop chips for PCs and data centers. The move comes less than a month after President Donald Trump sealed a deal for a roughly 10% US government stake in Intel. Thursday’s surge in Intel shares pushed the stock to $30.57, boosting the value of the government’s stake to about $13 billion, a $4.4 billion gain on paper since the deal was inked in August. Under that agreement, the US government said it would buy 433.3 million shares of Intel’s common stock at $20.47 per share.

- Novo Nordisk (NOVO) rose the most in a month after its diabetes blockbuster Ozempic beat Eli Lilly & Co.’s older drug Trulicity in a real-world survey of certain US patients. Medicare patients who took Ozempic were 23% less likely to have a heart attack, stroke or die than people on Trulicity, Novo said in a presentation at the European Association for the Study of Diabetes conference in Vienna. The study followed almost 60,000 people with diabetes and heart disease. 

- FedEx (FDX) reinstated its full-year profit outlook, a sign that the company is gaining some clarity on the future of its business even while the pressure from tariffs is far from over. Adjusted earnings in the 2026 fiscal year will be $17.20 to $19 a share, the company said Thursday in a statement detailing its first-quarter results. The midpoint is slightly below the $18.25 average of analyst estimates compiled by Bloomberg. The company expects revenue to grow by as much as 6% this year compared with a 1.2% average gain forecast by analysts.

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On this edition of Stock Movers:

- Intel (INTC) shares soared after Nvidia agreed to invest $5 billion in the chipmaker and said the two will co-develop chips for PCs and data centers, a surprise move to help prop up an ailing archrival that sent Intel shares soaring. Nvidia will buy Intel common stock at $23.28 per share, the two companies said on Thursday. Intel will use Nvidia’s graphics technology in upcoming personal computer chips and also provide its processors for data center products built around Nvidia hardware. Intel and Nvidia billed their agreement as a product hook-up that gives them the opportunity to move into areas of the computer market they don’t currently reach, an overall opportunity that may be worth as much as $50 billion a year, according to Nvidia’s Chief Executive Officer Jensen Huang. Investors saw the announcement as a shot in the arm for Intel as the company struggles to stem losses and catch competitors, like Nvidia, that it once dwarfed.

- Olive Garden owner Darden Restaurants (DRI) shares slumped after 1Q comparable sales for the company’s core restaurant brands showed greater-than-expected deceleration from the previous quarter. Profits also trailed Street expectations for the quarter, hurt in part by food inflation, while slight boost to annual top-line forecasts fail to flow to the bottom line, which was maintained.

- Shares of Cracker Barrel Old Country Store Inc. (CBRL) slumped after its sales guidance missed expectations, showing the brand is still dealing with the fallout from its controversial and short-lived logo change. Revenue in fiscal 2026, which will run through next July, is projected to be in a range of $3.35 billion to $3.45 billion, the company said in a statement Wednesday. Analysts were expecting sales of $3.52 billion in the period, according to the average of estimates compiled by Bloomberg. The mid-point of Cracker Barrel’s range suggests sales will remain similar to the past two years, when growth has stagnated. The outlook assumes foot traffic at existing stores declines 4% to 7% in the coming year, the company said.

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On this episode of Stock Movers:
Intel (INTC) shares surges after Nvidia Corp. agreed to invest $5 billion in Intel Corp. and the two will co-develop chips for PCs and data centers.
AMD (AMD) shares falls after Nvidia Corp. agreed to invest Intel Corp. and the two will co-develop chips for PCs and data centers.
Darden Restaurants (DRI) shares fall after it said growth from existing locations at its key Olive Garden and LongHorn chains slowed from last quarter and looks set to slide further, signaling a recovery may have peaked. Earnings also missed.

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On this episode of Stock Movers:
- Intel (INTC) shares surge after Nvidia Corp. agreed to invest $5 billion in Intel Corp. and the two will co-develop chips for PCs and data centers.
- Novo (NVO) shares rose after its diabetes drug Ozempic beat Eli Lilly & Co.'s Trulicity in a real-world survey of certain US patients.
- Cracker Barrel (CBRL) shares fall after the companies projected revenue in fiscal 2026 to be in a range of $3.35 billion to $3.45 billion, which missed expectations.

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On this episode of Stock Movers:
- Nvidia (NVDA) and Intel (INTC) are both higher this morning on news Nvidia agreed to invest $5 billion in Intel and the two will co-develop chips for PCs and data centers. Intel will use Nvidia’s graphics technology in upcoming PC chips and provide its processors for data center products built around Nvidia hardware.
- Darden Restaurants (DRI) is lower this morning ahead of the bell after 1Q comparable sales for the company’s core restaurant brands showed greater-than-expected deceleration from the previous quarter. Profits also trailed Street expectations for the quarter, hurt in part by food inflation, while slight boost to annual top-line forecasts fail to flow to the bottom line, which was maintained.
- Cracker Barrel (CRBL) is lower on news it projects revenue in fiscal 2026 to be in a range of $3.35 billion to $3.45 billion, which missed expectations.

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On this episode of Stock Movers:
- Nvidia (NVDA) is rebounding after the China ban and news Huawei unveiled new technology, including SuperPod cluster designs and AI accelerators, to challenge Nvidia's dominance in the growing market.
- Roche (RHHBY) is higher this morning on news it will acquire the biopharmaceutical company 89bio for up to $3.5 billion, bolstering the Swiss drugmaker’s pipeline in the booming market to treat obesity and related illnesses. Analysts say the deal makes sense.
- Palantir (PLTR) is gaining on news Palantir will invest up to £1.5b in the UK through a new partnership with the Ministry of Defence, according to a government statement.
- Red Cat Holdings (RCAT) is lower as the drone company announced a stock offer. It says it is integrating robotic hardware and software for military, government, and commercial operations, announced today the pricing of an underwritten public offering of 15,625,000 shares of common stock at a price to the public of $9.60 per share.Eric Mollo

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On this episode of Stock Movers:
- Next shares dropped as much as 6.3% after the UK fashion retailer said it expects UK sales growth to be lower in the second half compared with the first.
- Kone shares touched their highest level since early 2022. The Finnish company is exploring a potential bid for rival TK Elevator, even as the German firm’s private equity owners look at an initial public offering of the business, according to people familiar with the matter
- Continental carved out its auto-parts unit and is looking to sell its industrial unit ContiTech next year as it refocuses on its tires business, reversing decades of expanding its portfolio.

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On this edition of Stock Movers:

- StubHub (STUB) shares declined 6.4% in the ticketing platform’s debut after raising $800 million in an initial public offering. Shares of the New York-based company closed at $22 each on Wednesday, erasing an initial gain. The firm had sold 34 million shares Tuesday at $23.50, after offering them for $22 to $25 each. The trading gives StubHub a market value of about $8.1 billion based on the outstanding shares listed in its earlier filings.

- Workday (WDAY) shares rose today after Elliott Investment Management unveiled a $2 billion-plus investment in Workday Inc., sending its shares up as much as 10% Wednesday. The activist investor said Workday Chief Executive Officer Carl Eschenbach and his team have made “substantial progress” in recent years driving growth and customer retention, according to a statement Tuesday. Workday announced on its analyst day on Tuesday a $1.1 billion acquisition of artificial intelligence company Sana. It also said it is partnering with Databricks Inc., Salesforce Inc. and Snowflake Inc. to allow access of human resources and finance data on its platform. “We are pleased with our dialogue with the team and believe the plan announced at today’s financial analyst day represents a significant enhancement of Workday’s operating model and capital allocation framework,” Elliott said in the statement.

- Hologic (HOLX) shares soared today after Blackstone Inc. and TPG Inc. have revived their interest in acquiring medical device maker Hologic Inc., according to people familiar with the matter. The investment firms have re-engaged with Hologic’s board in recent weeks about a potential takeover of the company, the people said, asking not to named because the matter is private. Blackstone and TPG are in the process of conducting due diligence, they said.

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On this episode of Stock Movers:

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, Carol Massar and Tim Stenovec.

- Workday (WDAY) shares rose today after Elliott Investment Management unveiled a $2 billion-plus investment in Workday Inc., sending its shares up as much as 10% Wednesday. The activist investor said Workday Chief Executive Officer Carl Eschenbach and his team have made “substantial progress” in recent years driving growth and customer retention, according to a statement Tuesday. Workday announced on its analyst day on Tuesday a $1.1 billion acquisition of artificial intelligence company Sana. It also said it is partnering with Databricks Inc., Salesforce Inc. and Snowflake Inc. to allow access of human resources and finance data on its platform. “We are pleased with our dialogue with the team and believe the plan announced at today’s financial analyst day represents a significant enhancement of Workday’s operating model and capital allocation framework,” Elliott said in the statement.

- Krispy Kreme (DNUT) shares rallied today after FBI Director Kash Patel commented on his purchases of Krispy Kreme Inc. and ON Semiconductor Corp. stocks during his testimony in Congress. Patel explained that he’s long liked to trade stocks and said that in this case he simply saw “good investment” opportunities in Krispy Kreme Inc. and ON Semiconductor Corp.

- Cracker Barrel Old Country Store Inc. (CBRL) shares fell today after the company offered sales guidance for the current fiscal year that missed expectations, suggesting the brand is still dealing with the fallout from its controversial logo change. Revenue in fiscal 2026, which ends next summer, is projected to be in a range of $3.35 billion to $3.45 billion, the company said in a statement Wednesday. Analysts are expecting sales of $3.52 billion in the period, according the average of estimates compiled by Bloomberg. The mid-point of Cracker Barrel’s range suggests sales will remain similar to the past two years, when growth has stagnated. The outlook assumes foot traffic at existing stores declines 4% to 7% in the coming year.

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On this episode of Stock Movers:

- Workday (WDAY) shares rise after Elliott Investment Management says the human-resources software company has made substantial progress in recent years, and called the plan announced at the event a significant enhancement of the company’s operating model and capital allocation framework. 
- Lyft (LYFT) shares rise after they announced their partnership with Waymo to offer robotaxi service in Nashville starting next year. Waymo will launch fully autonomous operations in Nashville in the coming months, with rides opening to the public next year through the Waymo app and then on Lyft's platform.
- Nvidia (NVDA) shares fall after the Financial Times reported that China’s internet regulator has told the country’s biggest technology companies to stop buying Nvidia artificial intelligence chips and terminate their existing orders. The Cyberspace Administration of China informed companies including ByteDance and Alibaba this week to terminate their testing and orders of the RTX Pro 6000. BBC reports that Nvidia CEO Jensen Huang is “disappointed” and that he would be "patient" in response

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On this episode of Stock Movers:
Nvidia (NVDA) shares fall after the Financial Times reported that China’s internet regulator has told the country’s biggest technology companies to stop buying Nvidia artificial intelligence chips and terminate their existing orders. The Cyberspace Administration of China informed companies including ByteDance and Alibaba this week to terminate their testing and orders of the RTX Pro 6000. BBC reports that Nvidia CEO Jensen Huang is “disappointed” and that he would be "patient" in response

General Mills (GIS) shares fall after 1Q adjusted EPS at 86 cents tops analyst estimates. Company cited a rise in cooking at home among value-conscious consumers struggling with inflation -- a lot of rice and beans. Sales in the important North America retail segment dropped 13% for the quarter to $2.6 billion, largely due to lower volume and divestiture of the yogurt business in that region

Eli Lilly (LLY) shares higher after Patients on Eli Lilly's experimental diabetes pill lost more weight and had better blood sugar control than those on an older, approved rival from Novo Nordisk. First head-to-head trial of the two drugs Patients given Eli Lilly's oral GLP-1 drug lost 8.2% of their body weight in 52 weeks versus 5.3% for Novo's drug. Doctors welcomed the results and say the tablet will make it possible to treat more patients because it’s easier to produce and to take, and may eventually be cheaper

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On this episode of Stock Movers:
- Nvidia (NVDA) is lower after China’s internet watchdog has instructed companies including Alibaba and ByteDance to terminate orders for Nvidia’s RTX Pro 6000D, the Financial Times reported. The Cyberspace Administration of China told companies to stop testing the chip and cancel existing orders, according to the FT.
- New Fortress Energy (NFE) shares are soaring, set to extend Tuesday’s record 45% rally, after billionaire Wes Edens’ firm finalized a seven-year deal worth $4 billion to supply liquefied natural gas to Puerto Rico.
- Workday (WDAY) shares are rising in the wake of an analyst day event that prompted at least two upgrades. In addition, Elliott Investment Management says the human-resources software company has made substantial progress in recent years, and called the plan announced at the event a significant enhancement of the company’s operating model and capital allocation framework.

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On this episode of Stock Movers:
- Nvidia (NVDA) is lower after China’s internet watchdog has instructed companies including Alibaba and ByteDance to terminate orders for Nvidia’s RTX Pro 6000D, the Financial Times reported. The Cyberspace Administration of China told companies to stop testing the chip and cancel existing orders, according to the FT.
- Baidu (BIDU) jumped in Hong Kong as optimism over its AI chip potential grows. The stock soared after Arete Research Services LLP lifted its rating on Baidu's American depositary receipts to buy from sell. Baidu's chip venture has the potential to more than offset the drag from its struggling online advertising business, according to Arete analysts.
- Eli Lilly (LLY) is down on news Novo Nordisk A/S is working on a strategy to make obesity treatment more personalized and wants to offer options for every kind of patient.

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On this episode of Stock Movers:

- Novo Nordisk received an upgrade to buy from hold at Berenberg, which switches its preferences within the obesity sector to make the Danish company its top pick instead of Eli Lilly.

- Morgan Stanley upgraded Centrica's stock to an overweight, or buy, rating. Their analyst made Centrica the new top pick within UK utilities. The shares aren’t even fully valuing its existing business, let alone potential upside from deals including Sizewell C and the Grain LNG terminal, a note said.

- Inditex gained to outperform peers as UBS raised the recommendation on the Zara owner to buy from neutral. Analysts at UBS said they felt confident in its long term growth following a strong start to the autumn-winter season.

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On this edition of Stock Movers:

- Hershey (HSY) shares climbed today after Goldman Sachs wrote in a note saying the chocolate maker's market-share trends are improving, and there are incremental tailwinds ahead for the chocolate and confectionery company, Goldman Sachs writes in note as double-upgrades to buy. Analyst Leah Jordan says Hershey has historically had strong pricing power linked to its iconic portfolio, and recent announcements on pricing are expected to drive outsized growth in FY26. Cost pressures from tariffs and price of cocoa are well understood and now reflected in expectations, which leaves a more compelling risk profile. Previous negative view on the company had been mainly based on market-share losses in US, but trends are showing some signs of improvement.

- Hims & Hers Health (HIMS) shares slid today after the FDA sent a warning letter to the telehealth platform, saying the company’s claims about compounded semaglutide products on their website are false or misleading.

- Warner Bros. Discovery (WBD) shares fell as TD Cowen downgraded to hold from buy after the stock rallied even as Paramount is still to make an official offer. Analyst Douglas Creutz says the stock has surged “well beyond our $14 price target following last week’s unsubstantiated report that Paramount Skydance may be considering a bid for the company” “While PSKY may come in with a $20+ bid, we don’t love the risk-reward here given the potential for WBD shares to quickly round-trip to $11-$12 if the bid doesn’t materialize”. Downgrade reflects “the speculative nature of the current rally and the elevated risk profile at these levels”.

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On this episode of Stock Movers:

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, Carol Massar and Tim Stenovec.

- Oracle (ORCL) shares rose today. TikTok’s American operations would be acquired by an investor consortium that includes Oracle Corp., Andreessen Horowitz and private equity firm Silver Lake Management LLC under a framework deal that US President Donald Trump is set to discuss with Chinese President Xi Jinping later this week. The tentative agreement, unveiled on Monday by senior US and Chinese officials after two days of talks in Madrid, would create a US-based version of the popular social media app with Oracle, Andreessen and Silver Lake all holding stakes in the new venture, according to people familiar with the matter. Under the deal, ByteDance Ltd.’s stake in TikTok would be reduced to below 20% to satisfy a US national security law passed in 2024 requiring the Beijing-based company to divest or face a ban in the American market. If completed, with the blessing of Trump and Xi, the transaction would allow the video-sharing platform to keep operating in the US and remove a sticking point in US-China relations.

- Ralph Lauren (RL) shares dropped today after the apparel company sees revenue growth remaining similar to recent rates over the next three years. The New York-based retailer is projecting sales to grow at a mid-single-digit percentage annually through fiscal 2028, according to a statement Tuesday. That’s roughly in-line with estimates from analysts compiled by Bloomberg. But it’s also slower growth than the company has posted in recent quarters.

- The New York Times (NYT) shares are down today. President Trump filed a $15 billion defamation suit against the Times and Penguin Random House LLC, accusing the paper of serving as a “mouthpiece” for the Democrats.

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On this edition of Stock Movers:

- Oracle (ORCL) shares climbed today on news that negotiations over the future of TikTok are progressing, relieving some uncertainty around one of the software company’s key customers. TikTok has been in limbo since the US decided to ban the app unless its Chinese owner divested it. President Donald Trump is scheduled to speak with Chinese President Xi Jinping on Friday after leaders from the two countries said a framework to keep the US app running was reached. Also, the Wall Street Journal reports that TikTok’s U.S. business would be controlled by an investor consortium including Oracle, Silver Lake and Andreessen Horowitz under a framework the U.S. and China are finalizing.

- United Airlines (UAL) shares are down at the moment. However, Chief Executive Scott Kirby says improving travel demand going into the fall indicates the economy is stronger than statistics show. Airline demand is a “good, real time indicator” of what’s going on in the country, Kirby said at an event Tuesday near Newark airport.

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On this episode of Stock Movers:
- Oracle said it will keep TikTok cloud deal under a new agreement that could close within the next 30 to 45 days. Treasury Secretary Scott Bessent said earlier on CNBC that he anticipates that President Trump and Chinese President Xi will agree on a final TikTok deal during their phone call on Friday. Bloomberg Intelligence: Oracle will likely restrict its role to providing cloud services and ensuring that no TikTok data flows back to China under any potential US-China agreement tied to a deal. We see a low likelihood of an equity investment in this potential involvement, given Oracle's substantial capital commitments to expand its cloud services to meet high AI cloud infrastructure demand. Oracle's potential participation in a deal was first reported by CBS. 

Hershey (HSY) has double upgraded to Buy at Goldman Sachs. It's now rated a buy, and price target at $222, implies a 20% increase from Monday’s close. Goldman: Market-share trends are improving, and there are incremental tailwinds ahead; has historically had strong pricing power linked to its iconic portfolio, and recent announcements on pricing are expected to drive outsized growth in FY26; Cost pressures from tariffs and price of cocoa are well understood and now reflected in expectations, which leaves a more compelling risk profile 

Warner Bros Discovery (-6%)
TD Cowen downgraded the stock to hold from buy. Analyst says the stock has surged “well beyond our $14 price target following last week’s unsubstantiated report that Paramount Skydance may be considering a bid for the company”. Senator Elizabeth Warren weighs in on X, saying any proposed deal should be blocked -- "This deal would be a dangerous concentration of power over our media and news."

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On this episode of Stock Movers:
- President Donald Trump filed a $15 billion defamation lawsuit against The New York Times (NYT) accusing the paper of serving as a “mouthpiece” for the Democrats. The New York Times said in a statement that the lawsuit “has no merit” and “is an attempt to stifle and discourage independent reporting”. The lawsuit cites the Times’ news and opinion articles, as well as a book written by two of the paper’s reporters, as part of a “decades-long pattern” of intentional and malicious defamation against President Trump.
- Oracle (ORCL) shares extended their climb in premarket trading to as much as 5.7% after CBS News reported that the software giant is among a consortium of firms that would enable TikTok to continue operations in the US if a framework deal is finalized. Structure of the final deal is unclear but will include multiple companies, CBS News reports, citing unidentified people with knowledge of the negotiations.
-Shares of Webtoon Entertainment Inc (WBTN) rose sharply in pre-market trading after announcing a partnership with The Walt Disney company to build a digital comics platform that will bring together decades of Marvel, Star Wars, Pixar and Disney titles.

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On this episode of Stock Movers:
- Tesla (TSLA) is higher and pairing early gains after US auto safety regulators opened an investigation into Tesla Inc. doors, citing incidents in which exterior door handles stopped working and trapped children inside. The National Highway Traffic Safety Administration's investigation is focused on the operability of the electronic door locks from outside of the vehicle as that circumstance is the only one in which there is no manual way to open the door.
- Oracle (ORCL) is higher on a CBS report that the company could provide AI infrastructure ands support on a US-TikTok deal. US and Chinese representatives discussed TikTok, trade and the economy during high-level talks. The talks included national security issues and the status of ByteDance Ltd.'s TikTok, which faces a deadline to reach a deal to continue operations in the US.
- Dave & Buster's Entertainment (PLAY) is in decline after the restaurant operator reported adjusted earnings per share and revenue for the second quarter that came in well below the average analyst estimate. Analysts cut their estimates and price targets on the stock.
- Webtoon Entertainment (WBTN) jumped after news Walt Disney is bringing its marquee comics to a new digital platform and app in partnership with Webtoon. Disney announced it plans to acquire a 2% equity interest in Webtoon as part of a deepening partnership between the two companies to build the new service.

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On this episode of Stock Movers:
- Oracle (ORCL) is higher on a CBS report that the company could provide AI infrastructure ands support on a US-TikTok deal. US and Chinese representatives discussed TikTok, trade and the economy during high-level talks. The talks included national security issues and the status of ByteDance Ltd.'s TikTok, which faces a deadline to reach a deal to continue operations in the US.
- Hershey Co. (HSY) is rising this morning after a Goldman Sachs wrote in a note Hershey’s market-share trends are improving, and there are incremental tailwinds ahead for the chocolate and confectionery company. Analyst Leah Jordan says Hershey has historically had strong pricing power linked to its iconic portfolio, and recent announcements on pricing are expected to drive outsized growth in FY26.
- Dave & Buster's Entertainment (PLAY) is in decline after the restaurant operator reported adjusted earnings per share and revenue for the second quarter that came in well below the average analyst estimate. Analysts cut their estimates and price targets on the stock.
- Webtoon Entertainment (WBTN) jumped after news Walt Disney is bringing its marquee comics to a new digital platform and app in partnership with Webtoon. Disney announced it plans to acquire a 2% equity interest in Webtoon as part of a deepening partnership between the two companies to build the new service.

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On this episode of Stock Movers:
- Trustpilot reported revenue for the first half-year that beat the average analyst estimate.
- Analysts including Harry Gowers cut EasyJet to neutral, establish a Street-low price target and place the carrier on a negative catalyst watch into its FY results on November 25th
- Jefferies downgrades L’Oreal to underperform and Beiersdorf to hold, saying that perceptions of medium-term growth rates are likely to fade over coming quarters.

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On this edition of Stock Movers:

- Corteva (CTVA) shares fell today as Wall Street analysts find a potential breakup of the company’s seed and pesticide businesses negative for the firm. Bloomberg Intelligence says a breakup undermines “product and financial logic” while Bank of America says a separation would create two weaker entities.

- CoreWeave shares jumped after the company said its shareholder Nvidia Corp. has agreed to buy cloud services valued at $6.3 billion, part of that company’s push to speed up the adoption of artificial intelligence across the economy. The deal, first announced in April 2023, runs through 2032 and requires Nvidia to buy any excess capacity not used by its customers, CoreWeave said in a regulatory filing on Monday. Nvidia said the agreement guarantees AI computing capacity will be in place when needed. “Industrywide demand for AI infrastructure continues to grow, yet building large-scale data-center capacity typically requires long lead times and four- to six-year customer commitments,” Nvidia said in an emailed statement. “To support startups and small to midsized companies, Nvidia and CoreWeave are proactively building data center infrastructure and provisioning data-center capacity to meet evolving capital needs.”

- Google parent Alphabet (GOOGL) shares gained today after the search giant joined an elite group of companies valued at more than $3 trillion, the latest sign of improving investor sentiment toward the Google parent. Shares rose 4.5% to $251.61, resulting in a market capitalization of $3.04 trillion. The stock has soared more than 70% from its April low, adding roughly $1.2 trillion in value over that span. Alphabet joins a short list of companies valued at more than $3 trillion, with Nvidia Corp., Microsoft Corp. and Apple Inc. the only other publicly traded stocks above that level.

- Tesla (TSLA) shares rallied today after Elon Musk responded to an unprecedented pay proposal from Tesla Inc.’s board by buying about $1 billion worth of shares, sending the carmaker’s stock soaring into positive territory for the year.The billionaire bought the shares indirectly through a revocable trust on Sept. 12, according to a regulatory filing released Monday. The purchase coincided with Tesla Chair Robyn Denholm speaking with reporters about the merits of awarding Musk around $1 trillion worth of stock if the company achieves a series of ambitious market value and performance milestones.

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On this episode of Stock Movers:
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, Carol Massar and Tim Stenovec.

- Tesla (TSLA) shares soared after Elon Musk responded to an unprecedented pay proposal from Tesla Inc.’s board by buying about $1 billion worth of shares. The billionaire bought the shares indirectly through a revocable trust on Sept. 12, according to a regulatory filing released Monday. The purchase coincided with Tesla Chair Robyn Denholm speaking with reporters about the merits of awarding Musk around $1 trillion worth of stock if the company achieves a series of ambitious market value and performance milestones.

- Shares of Google parent Alphabet (GOOGL) popped today after the search giant on Monday joined an elite group of companies valued at more than $3 trillion, the latest sign of improving investor sentiment toward the Google parent. Shares rose as much as 4.8% to $252.41, resulting in a market capitalization of just over $3 trillion. The stock has soared more than 70% from its April low, adding roughly $1.2 trillion in value over that span. Alphabet joins a short list of companies valued at more than $3 trillion, with Nvidia Corp., Microsoft Corp. and Apple Inc. the only other publicly traded stocks above that level.

- Corteva (CTVA) shares fell today as Wall Street analysts find a potential breakup of the company’s seed and pesticide businesses negative for the firm. Bloomberg Intelligence says a breakup undermines “product and financial logic” while Bank of America says a separation would create two weaker entities.

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On this edition of Stock Movers:

- Google parent Alphabet (GOOGL) shares popped today after the search giant on Monday joined an elite group of companies valued at more than $3 trillion, the latest sign of improving investor sentiment toward the Google parent. Shares rose as much as 4.8% to $252.41, resulting in a market capitalization of just over $3 trillion. The stock has soared more than 70% from its April low, adding roughly $1.2 trillion in value over that span. Alphabet joins a short list of companies valued at more than $3 trillion, with Nvidia Corp., Microsoft Corp. and Apple Inc. the only other publicly traded stocks above that level.

- Global X Uranium ETF (URA) rallied today after the Trump administration’s top energy official said the US should look to boost its strategic uranium reserve to buffer against Russian supplies and increase confidence in the long-term prospects of nuclear power generation. US Energy Secretary Chris Wright comments underscore the Trump administration’s plans to promote nuclear energy as the demand for power soars with the electrification of the economy. Russia supplies about a quarter of the enriched uranium needed by America’s fleet 94 nuclear reactors, which generate about a fifth of US electricity. Turning the tap off too quickly from that source could endanger about 5% of electricity in the absence of alternative suppliers or additional stockpiles. “We’re moving to a place — and we’re not there yet — to no longer use Russian enriched uranium,” Wright said Monday in Vienna, where he’s attending the IAEA’s annual general conference.

- CoreWeave (CRWV) shares jumped today after the company said its shareholder Nvidia Corp. has agreed to buy cloud services valued at $6.3 billion, part of that company’s push to speed up the adoption of artificial intelligence across the economy. The deal, first announced in April 2023, runs through 2032 and requires Nvidia to buy any excess capacity not used by its customers, CoreWeave said in a regulatory filing on Monday. Nvidia said the agreement guarantees AI computing capacity will be in place when needed. “Industrywide demand for AI infrastructure continues to grow, yet building large-scale data-center capacity typically requires long lead times and four- to six-year customer commitments,” Nvidia said in an emailed statement. “To support startups and small to midsized companies, Nvidia and CoreWeave are proactively building data center infrastructure and provisioning data-center capacity to meet evolving capital needs.”

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On this episode of Stock Movers:
Seagate (STX; +7%) -- computer hardware company

• Trading volume rises to more than quadruple its 20-day average, according to Bloomberg data
• Price target increased to $215 from $170 at Bank of America
• End-August: Bloomberg Intelligence sees 16% sales growth for fiscal 2026, citing favorable cloud dynamics due to new data-center deployments, as well as AI catalysts

Western Digital (WDC; +5%) -- digital content collection and storage

• Up 10 days, longest winning streak since July 2019
• trading volume doubles fromt he 20-day average for this time of day
• Price target raised to $115 from $85 at Benchmark
• Last week: Bloomberg Intelligence sees 17% sales growth in fiscal 2026, and margin expansion may spur EPS about 2% above consensus; long-term pacts give the company at least a year of sales visibility

Corteva (CTVA; -4%) -- $50 billion agribusiness giant formed after the 2017 merger of Dow Chemical and DuPont;  among the world’s largest suppliers of genetically modified corn and soybean seeds, as well as pesticides

• The Wall Street Journal reported on Friday that it's considering separating its seed and pesticide businesses
• Bloomberg Intelligence: a split “would undermine product and financial logic” because that would take it further away from the "farming-as-a-service" model that a lot of its competitors are espousing

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On this episode of Stock Movers:
- Nvidia (NVDA) shares are lower after China ruled the company violated anti-monopoly laws with its 2020 deal to acquire Mellanox Technologies. The State Administration for Market Regulation found Nvidia in violation of antitrust regulations after concluding a preliminary investigation.
- Tesla (TSLA) shares are higher after CEO Elon Musk purchased about $1 billion worth of the carmaker’s shares, according to a regulatory filing. The billionaire bought the stock indirectly through a trust on Sept. 12, the filing shows. The purchases coincided with Tesla Chair Robyn Denholm speaking with Bloomberg News about the merits of a pay package for Musk that could be worth upwards of $1 trillion if the company achieves a series of ambitious milestones linked to market value and performance.
- Intel (INTC) lowered its 2025 expense target following the closing of its $3.3b equity value sale of its Altera stake to Silver Lake.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares are lower after China ruled the company violated anti-monopoly laws with its 2020 deal to acquire Mellanox Technologies. The State Administration for Market Regulation found Nvidia in violation of antitrust regulations after concluding a preliminary investigation.
- Tesla (TSLA) shares are higher after CEO Elon Musk purchased about $1 billion worth of the carmaker’s shares, according to a regulatory filing. The billionaire bought the stock indirectly through a trust on Sept. 12, the filing shows. The purchases coincided with Tesla Chair Robyn Denholm speaking with Bloomberg News about the merits of a pay package for Musk that could be worth upwards of $1 trillion if the company achieves a series of ambitious milestones linked to market value and performance.
- Hims & Hers Health (HIMS) shares are falling after FDA Commissioner Marty Makary said a widely watched TV commercial by the telehealth firm earlier this year breached the agency’s regulations. Makary in a JAMA Network Open article cited Hims’ Super Bowl ad that promotes its copycat obesity drug as an example of the industry’s misleading ads
- Corteva (CTVA) is higher after WSJ reported it is considering a breakup. A potential breakup of Corteva’s seed and pesticide businesses into separate companies is “puzzling” to some Wall Street analysts who see little upside to the stock’s valuation. KeyBanc Capital Markets views the news as negative while Bloomberg Intelligence says it undermines “product and financial logic.”

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On this episode of Stock Movers:
- Nvidia (NVDA) shares are lower after China ruled the company violated anti-monopoly laws with its 2020 deal to acquire Mellanox Technologies. The State Administration for Market Regulation found Nvidia in violation of antitrust regulations after concluding a preliminary investigation.
- Tesla (TSLA) shares are higher after CEO Elon Musk purchased about $1 billion worth of the carmaker’s shares, according to a regulatory filing. The billionaire bought the stock indirectly through a trust on Sept. 12, the filing shows. The purchases coincided with Tesla Chair Robyn Denholm speaking with Bloomberg News about the merits of a pay package for Musk that could be worth upwards of $1 trillion if the company achieves a series of ambitious milestones linked to market value and performance.
- Texas Instruments (TI) declined along with Analog Devices (ADI) after China launched an anti-dumping investigation for specific analog chips made in the US, which both companies produce. The Ministry of Commerce opened an anti-dumping probe relating to certain American-made analog IC chips and an anti-discrimination investigation into US moves against the Chinese chip sector.
- Hims & Hers Health (HIMS) shares are falling after FDA Commissioner Marty Makary said a widely watched TV commercial by the telehealth firm earlier this year breached the agency’s regulations. Makary in a JAMA Network Open article cited Hims’ Super Bowl ad that promotes its copycat obesity drug as an example of the industry’s misleading ads
- Warner Bros (WBD) is lower after its 50% rally amid questions about incoming regulatory hurdles. Reports of a potential acquisition by Paramount could be beneficial for Warner Bros. due to synergies between the companies and Paramount's strong financial position, according to Bloomberg Intelligence analyst Stephen Flynn.

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On this episode of Stock Movers:

- Sainsbury's terminated talks to sell its general merchandise unit Argos to JD.com Inc. and blamed the Chinese e-commerce firm for trying to “materially revise” the terms of the deal.
- Orsted plans to sell new shares at 67% below Friday’s close as the offshore wind developer works to rebuild investor confidence after a bet on the US market went wrong.
- Saab falls as much as 4.5% after the Times of India newspaper reported the Indian Air Force has proposed buying 114 “Made in India” Rafale fighter jets in a collaboration with Dassault Aviation. Saab has no information that India has rejected its Gripen fighter jets, the company tells Swedish paper Dagens Industri.

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On this episode of Stock Movers:

- Oracle (ORCL) shares gained the most since 1992 after the company gave an aggressive outlook for its cloud business, cementing the software maker’s place in the race to support demand for artificial intelligence computing.

- Klarna (KLAR) and some of its shareholders raised $1.37 billion in an initial public offering priced above a marketed range, kicking off what is likely to be one of the best weeks of the year for US listings.

- Synopsys (SNPS) shares suffered their worst single-day decline on record after the chip-design software maker warned that US export restrictions are contributing to a slowdown in China, the largest market for semiconductors.

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On this episode of Stock Movers:

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, Carol Massar and Tim Stenovec.

• Tesla (TSLA) shares rallied today on word that its chair insists no one other than Elon Musk is capable of leading the company’s transition into artificial intelligence and robotics — but it’s possible he won’t do it from the CEO’s seat. “He is a generational leader,” Robyn Denholm said Friday on Bloomberg TV. “There aren’t any other people out there like Elon who can actually lead the company over the next decade or so.” The longtime board member offered the emphatic endorsement of Musk as part of a wide-ranging interview spelling out Tesla’s succession-planning process and detailing a massive proposed compensation package for the chief executive officer. Denholm also acknowledged the possibility of Musk moving into another leadership post such as chief product officer, saying that is “contemplated” in the pay plan.
• Gemini (GEMI) shares ended 14% above their IPO price, after the cryptocurrency exchange led by the billionaire Winklevoss twins raised $425 million in a packed week for US listings. Shares of the New York-based exchange and custodian closed at $32 each on Friday, above the $28 per share IPO price, after a volatile session that saw the stock halted twice. The company had previously told investors it expected to cap the base size of its IPO at $425 million and to potentially sell fewer shares than it first proposed, Bloomberg News reported earlier. The trading gives Gemini a market value of more than $3.5 billion based on the outstanding shares listed in its filings with the US Securities and Exchange Commission. It raised funds in 2021 at a $7.1 billion valuation.
• Drugmakers like Moderna (MRNA) fell across the board after a report that Trump health officials plan to link Covid shots to the deaths of around two dozen children in a presentation to advisers to the Centers for Disease Control and Prevention next week. The Washington Post reported Friday that a group of health officials appear to have used the Vaccine Adverse Event Reporting System, or VAERS, to tie the deaths of 25 children to Covid vaccines. A high-profile advisory committee that Kennedy revamped to include vaccine critics is scheduled to discuss the shots from companies including Pfizer Inc., Moderna Inc. and BioNTech SE at its meeting next week. Moderna shares dropped 7.4% in New York Friday. Pfizer shares fell 4%, while BioNTech’s US-traded shares sank 7.3%.

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On this episode of Stock Movers:

- Amazon (AMZN) is down, while Google is up (GOOGL) as the US Federal Trade Commission is investigating whether Amazon and Google misled advertisers about the terms and pricing for ads on their websites. The FTC is seeking details about Amazon's auctions and whether it disclosed "reserve pricing" for some search ads, and is examining Google's internal pricing process. The investigations are ongoing and are part of continued regulatory scrutiny of Google and Amazon, with the FTC's consumer protection unit conducting the probes.

- Gemini Space Station (GEMI) shares jumped as much as 64% from their IPO price. The company raised $425 million in its IPO. The company has a market value of more than $3.5 billion based on the outstanding shares listed in its filings with the US Securities and Exchange Commission. Gemini offers a crypto exchange, a US dollar-backed stablecoin, crypto staking, digital asset custody and a credit card that offers rewards in crypto, with more than $21 billion of assets on the platform.

- Warner Bros. Discovery (WBD) shares climb after Paramount Skydance, the Hollywood studio taken over by independent filmmaker David Ellison, was said to be preparing a bid for the company.

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On this episode of Stock Movers:
- Super Micro Computer (SMCI) shares rose after the server company announced the availability of its Nvidia Blackwell Ultra solutions.
-Tesla (TSLA) shares are up. Tesla is attempting to pivot from electric vehicles toward humanoid robots, amid investor skepticism about stagnating sales
- Six Flags (FUN) shares jump after the theme-park operator reiterated its full-year adjusted Ebitda guidance and noted strong early pass sales for 2026.

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On this episode of Stock Movers:
- Warner Bros. Discovery (WBD) shares climb after Paramount Skydance, the Hollywood studio taken over by independent filmmaker David Ellison, was said to be preparing a bid for the company. Meanwhile, shares in Paramount rise 2%.
- Adobe (ADBE) shares rise after the maker of software for creative professionals reported third-quarter results that beat expectations and raised its full-year forecast on key metrics. Analysts cited annual recurring revenue (ARR) as a highlight, and the report was seen as easing concerns about competition from AI.
- RH (RH) shares slide after the upscale furniture retailer cut its revenue forecast for the full year amid mounting impacts from new US tariffs and the delay of its seasonal catalog. Chief Executive Officer Gary Friedman told analysts that the industry needs to offer discounts to stay afloat due to the weak housing market.

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On this episode of Stock Movers:
- OpenAI said it’s closer to converting into a more traditional for-profit company — nearing the resolution of painful negotiations with top shareholder Microsoft (MSFT) and outlining terms of at least $100 billion in equity for its nonprofit arm.
- Adobe (ADBE) shares rise after the maker of software for creative professionals reported third-quarter results that beat expectations and raised its full-year forecast on key metrics. Analysts cited annual recurring revenue (ARR) as a highlight, and the report was seen as easing concerns about competition from AI.
- Luxury furniture company RH (RH) slumped in late trading after cutting its sales outlook for the full year, citing mounting impacts from new US tariffs that resulted in delays to a seasonal catalog.

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On this episode of Stock Movers:

- Ocado shares tumbled by the most since February after a major US partner questioned the future of its warehouse networking, raising concerns that it could close existing sites as it looks to cut costs.
- Fresnillo and other European miners are outperforming on Friday thanks to a broad rise in metal prices, with gold, copper, aluminum and nickel all gaining ground.
- Novartis shares drop as much as 2.9% after the stock was downgraded to sell from neutral at Goldman Sachs. The analysts say the Swiss drugmaker’s valuation looks “stretched”.

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On this edition of Stock Movers:

- Duolingo (DUOL) shares were up and down today after reports that Apple's new AirPods will be able to translate conversations in real time.

- Netflix (NFLX) shares dropped. The stock reacted to the announcement that Paramount Skydance is preparing a cash offer to acquire rival Warner Brothers Discovery.

- Shares of Adobe (ADBE) rose today after the company gave a strong quarterly revenue outlook, suggesting that the software maker is seeing a payoff from its investment in AI features. Sales will be about $6.08 billion to $6.13 billion in the period ending in November, the company said Thursday in a statement. Analysts, on average, estimated a number at the bottom of that range. Profit, excluding some items, will be $5.35 to $5.40 a share, excluding some items, compared with the average projection of $5.33. Adobe has worked to weave artificial intelligence features, often based on its own generative models, into its industry-standard products like Photoshop.

- Figure Technology Solutions (FIGR) shares closed 24% above their IPO price after a listing raising $787.5 million, as the blockchain-based credit company joined a cohort of crypto firms in embracing public markets. Figure’s shares closed at $31.11 each in New York on Thursday, above the IPO price of $25 apiece. The trading gives the company a market value of around $6.6 billion, based on the outstanding shares. A 2021 venture-backed funding round valued the company at $3.2 billion. The company went public in what’s set to be the US market’s busiest week of the year in terms of IPO volume, according to data compiled by Bloomberg. The forthcoming deals include Cameron and Tyler Winklevoss’ crypto exchange Gemini Space Station Inc., which prices Thursday. “Blockchain is a democratization of financial services,” Mike Cagney, Figure’s co-founder, said in a Bloomberg Television interview Thursday. As for the importance of individual investors in the offering, Cagney said the firm “gave retail one of the largest allocations anyone has ever done.”

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On this episode of Stock Movers:

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, Carol Massar and Tim Stenovec.

- Micron (MU) shares rose the most in four months after analysts touted the chipmaker’s growth potential in the data center market, where artificial intelligence services have stoked demand. Micron, the largest US maker of memory chips, is benefiting from higher-than-anticipated demand that is outstripping production, Danely said. That’s particularly true in the data center area, which accounts for more than half of Micron’s revenue, he said. 

- Opendoor (OPEN) shares surged 80% Thursday after announcing the return of its co-founders to the board and a new chief executive officer. The advance marks the biggest one-day gain for the home-flipper turned meme stock on record — continuing its blistering 1,250% run up since mid-July — after the real estate company said co-founders Keith Rabois and Eric Wu will rejoin the board and named Shopify Inc.’s Kaz Nejatian CEO. “It’s everything I could’ve asked for and more. It’s a dream team,” said Toronto-based hedge fund manager Eric Jackson of EMJ Capital Ltd., who had bought Opendoor shares at around 70 cents, in an interview. The stock closed at $10.52 on Thursday. 

- Adobe (ADBE) gave a strong quarterly revenue outlook, suggesting that the software maker is seeing a payoff from its investment in AI features.Sales will be about $6.08 billion to $6.13 billion in the period running through November, the company said Thursday in a statement. Analysts, on average, estimated a number at the bottom of that range. Profit, excluding some items, will be $5.35 to $5.40 a share, excluding some items, compared with the average projection of $5.33. The San Jose, California-based company also boosted its annual forecast.  Adobe has worked to weave artificial intelligence features, often based on its own generative models, into the company’s industry-standard products like Photoshop. That’s now helping spur growth. Shares initially rose in postmarket trading.

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On this edition of Stock Movers:

- Figure Technology (FIGR) shares opened 44% above their IPO price after a listing raising $787.5 million. The blockchain-based credit company joins a cohort of crypto firms in embracing public markets. Figure’s shares opened at $36 each in New York, above its IPO price of $25 apiece. The opening price gives the company a market value of around $7.6 billion, based on the outstanding shares. A 2021 venture-backed funding round valued the company at $3.2 billion. The company is going public in what’s set to be the US market’s busiest week of the year in terms of IPO volume, according to data compiled by Bloomberg. The forthcoming deals include Cameron and Tyler Winklevoss’ crypto exchange Gemini Space Station Inc., which prices Thursday. “Blockchain is a democratization of financial services,” Mike Cagney, Figure’s co-founder, said in a Bloomberg Television interview Thursday. As for the importance of individual investors in the offering, Cagney said the firm “gave retail one of the largest allocations anyone has ever done.”

- Shares of Centene (CNC) surged today after the insurer said gave upbeat views of its Medicare quality ratings and costs in its Medicaid business, positive signs for the company’s turnaround. The preliminary look at the Medicare quality scores, known as star ratings, was in-line with the company’s expectations, with a slightly higher percentage of members in four-star plans that pay bonuses, Chief Executive Officer Sarah London said Thursday at a Deutsche Bank conference. Centene also said its Medicaid business was seeing cost improvements in the second half, according to a research note from Barclays analysts who called the update “better than feared.”

- Oracle (ORCL) shares dipped today. The database-software company rallied 36% yesterday to hit a record high after they reported stellar cloud demand numbers.

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On this episode of Stock Movers:
- Oracle (ORCL) shares drop after a historic day. Oracle's stock surged to a record in a four-day stretch of gains; adding $89 billion to Larry Ellison's coffers in one day.
- Centene (CNC) shares rise after the health insurer gave positive views of its Medicare Star ratings and said it expects costs improvement in its Medicaid business.
- UPS (UPS) shares fall after the stock was cut to underperform at Bank of America citing the end of the de minimis exemption; BofA also cut Fedex to neutral from buy.

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On this episode of Stock Movers:
- Oracle (ORCL) is higher in the premarket. It continues to surge after the company gave an aggressive outlook for its cloud business, cementing its place in the race to support demand for artificial intelligence computing. The company signed deals with major customers including OpenAI, Nvidia, and ByteDance's TikTok, helping boost remaining performance obligations to $455 billion at the end of the fiscal first quarter.
- Klarna (KLAR) is lower this morning after yesterday's huge IPO. Klarna's listing gave the company a market value of about $15.1 billion after the buy-now, pay-later company and some of its backers sold shares for $40 per share.
- Opendoor (OPEN) is rallying after the company said co-founders Keith Rabois and Eric Wu will rejoin the board and named Shopify’s Kaz Nejatian as chief executive officer.
- Amazon (AMZN) is higher after it was named a top pick at Morgan Stanley, which sees the company’s expansion in groceries “unlocking durably faster growth.” The grocery expansion is “a way for AMZN to drive higher utilization and purchase volume on its already leading logistics network and fleet,” and over the longer term, “capturing more consumer data in this critical grocery category (purchase behaviors, brand affinities, etc) is going to be important to AMZN’s efforts to create next generation agentic grocery offerings.”

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On this episode of Stock Movers:
- BAE Systems aims to be able to build one warship a year within two years, shaving six months off the current amount of time required to complete each vessel.
- Trainline shares gain as much as 15%, the most since December 2023, after the online ticket retailer reported first-half results including net ticket sales that beat estimates.
- Fever-tree reported adjusted Ebitda of £18.4 million for the first half-year that beat the average analyst estimate.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

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, Jess Menton and Lisa Mateo.

- Klarna (KLAR) rose 15% in its trading debut after the company and some of its backers raised $1.37 billion in an initial public offering that signals the market for new listings has room to run. The financial services company’s shares, which rose as much as 43% Wednesday, closed at $45.82 each in New York, above the IPO price of $40 apiece. The double-digit oversubscribed offering priced on Tuesday above the marketed range, and about half of the prospective investors placing orders were left empty handed.

- Oracle (ORCL) shares gained the most since 1992 after the company gave an aggressive outlook for its cloud business, cementing the software maker’s place in the race to support demand for artificial intelligence computing. The stock surged 36% Wednesday in New York, bringing its market valuation to about $933 billion. The rally temporarily turned co-founder Larry Ellison into the world’s richest person, with the tech magnate passing Elon Musk for a few hours. AI-related stocks such as chip developer Nvidia Corp. and Asian suppliers also climbed.

- Synopsis (SNPS) shares suffered their worst single-day decline on record after the company warned that US export restrictions are contributing to a slowdown in China, the largest market for semiconductors. As part of the company’s quarterly report on Tuesday, Chief Executive Officer Sassine Ghazi said that a push to develop its own intellectual property isn’t achieving the desired results — partly because of the China challenges. Ghazi said he would be refocusing resources on other areas and is reducing the company’s headcount by about 10%. 

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On this edition of Stock Movers:

- Apple (AAPL) shares are lower today after it debuted its its thinnest-ever iPhone and new Pro versions with enhanced cameras and more battery life this week. the company is betting that a flurry of smartphone innovation can entice shoppers this holiday season. The new skinnier model — dubbed the iPhone 17 Air — is just 5.6 millimeters thick, making it about a third slimmer than Apple’s current handsets. The device drew the loudest cheers from an audience assembled at Apple’s headquarters in Cupertino, California, where the company debuted the new products Tuesday.

- Oracle (ORCL) shares are surging today, the most since 1992 after the company gave an aggressive outlook for its cloud business, an outlook that's cementing the software maker’s place in the race to support demand for artificial intelligence computing. The surge is making co-founder Larry Ellison the world’s richest person, surpassing Elon Musk. AI-related stocks such as chip developer Nvidia Corp. and Asian suppliers also climbed. The Wall Street Journal also reported that OpenAI signed a contract to purchase $300 billion in computing power over roughly five years from Oracle.

- Shares of chip-design software maker Synopsys Inc. (SNPS) plunged the most in more than three decades after the company warned that US export restrictions are contributing to a slowdown in China, the largest market for semiconductors. As part of the company’s quarterly report on Tuesday, Chief Executive Officer Sassine Ghazi said that a push to develop its own intellectual property isn’t achieving the desired results — partly because of the China challenges. Ghazi said he would be refocusing resources on other areas and is reducing the company’s headcount by about 10%.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Synopsys (SNPS) shares drop after the company gave a weak reading on revenue from design IP and a weaker-than-expected earnings outlook. The company also warned that US export restrictions are contributing to a slowdown in China
- Chewy (CHWY) shares slide after the retailer of pet products reported its second-quarter results and gave an outlook. CHWY had risen more than 20% off an August low, as of last close.
- Oracle (ORCL) shares rise after the company gave a bullish outlook for its cloud business. After FY2026, it sees Cloud Infrastructure revenue in subsequent four years of $32b, $73b, $114b and $114b.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Oracle (ORCL) shares rise after the company gave a bullish outlook for its cloud business. After FY2026, it sees Cloud Infrastructure revenue in subsequent four years of $32b, $73b, $114b and $114b.
- Synopsys (SNPS) shares drop after the company gave a weak reading on revenue from design IP and a weaker-than-expected earnings outlook. The company also warned that US export restrictions are contributing to a slowdown in China
- Fifth Third (FITB) shares gain after the company said it was the victim of fraud on a loan with a $200 million balance, but believes the situation was an isolated incident in the company’s warehouse-lending business.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Oracle (ORCL) surged to a record after the company gave an aggressive outlook for its cloud business, stunning Wall Street and galvanizing hopes that the post-ChatGPT global AI infrastructure build-out is accelerating. Oracle's cloud infrastructure revenue increased 55% to $3.3 billion, with the company signing four multibillion-dollar contracts with three different customers in the quarter and expecting to sign up several additional customers in the coming months.
- Synopsis (SNPS) shares are sinking after warning that US export restrictions are contributing to a slowdown in China. Its price target was also cut at Stifel, Wells Fargo, and KeyBanc. The electronic design automation software company reported third-quarter results that featured a weak read on Design IP revenue. It also gave an earnings outlook that was weaker than expected.
- Novo Nordisk (NVO) shares are up after it announced it will slash 9,000 jobs globally and cut its profit forecast for the third time this year as it fights to recover ground lost to its rival Eli Lilly & Co. in the obesity drug market.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Oracle (ORCL) surged to a record after the company gave an aggressive outlook for its cloud business, stunning Wall Street and galvanizing hopes that the post-ChatGPT global AI infrastructure build-out is accelerating. Oracle's cloud infrastructure revenue increased 55% to $3.3 billion, with the company signing four multibillion-dollar contracts with three different customers in the quarter and expecting to sign up several additional customers in the coming months.
- Coreweave (CRWV) and Nvidia (NVDA) are following the Oracle rally as they have relationships with the big tech giant.
- Synopsis (SNPS) shares are sinking after warning that US export restrictions are contributing to a slowdown in China. Its price target was also cut at Stifel, Wells Fargo, and KeyBanc. The electronic design automation software company reported third-quarter results that featured a weak read on Design IP revenue. It also gave an earnings outlook that was weaker than expected.
- Novo Nordisk (NVO) shares are up after it announced it will slash 9,000 jobs globally and cut its profit forecast for the third time this year as it fights to recover ground lost to its rival Eli Lilly & Co. in the obesity drug market.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Novo Nordisk will slash 9,000 jobs globally and cut its profit forecast for the third time this year as it fights to recover ground lost to its more efficient rival Eli Lilly & Co. in the booming obesity drug market.
- Associated British Foods shares slumped after the British conglomerate reported falling sales at its Primark budget fashion chain and gave a muted outlook for the sugar division next year.
- Inditex shares jumped after a positive start to the third quarter reassured investors on the fashion retailer’s growth prospects.

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