On this episode of Stock Movers:
- Applied Materials (AMAT) shares are lower after warning an expansion of rules that restrict the export of its products to China will take another chunk out of its revenue. The US Commerce Department’s Bureau of Industry and Security has issued a new rule this week that widens the range of companies subject to export restrictions, Applied Materials said in a regulatory filing Thursday. The company expects that to cost it $600 million in lost revenue in fiscal 2026, which runs through next October.
- TSMC (TSMC) is rallying on news Huawei's Ascend AI processors were found to contain advanced components from Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co., and SK Hynix Inc. Huawei's reliance on foreign hardware highlights China's struggle to boost domestic production of AI semiconductors, with the company's access to foreign goods being of crucial importance due to US export restrictions.
- Rumble (RUM) is gaining after entering into a strategic partnership with Perplexity to develop a new subscription model combining the pro features of each platform.
- Boeing (BA) is showing little movement but investors are following news that the company is slated to fly its 777X commercially for the first time in early 2027, a fresh setback to the US planemaker. The delay could result in potentially billions of dollars in accounting charges, with analysts estimating the non-cash accounting charge could run from $2.5 billion to as much as $4 billion.

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