Stock Movers

On this episode of Stock Movers:
- Shares of Roomba maker iRobot Corp. (IRBT) plummeted ahead of the US market open after the company that revolutionized robot vacuum cleaners in the early 2000s with its Roomba model, filed for bankruptcy and proposed handing over control to its main Chinese supplier. The Massachusetts-based consumer robot maker, which is currently listed, will be taken over by China’s Shenzhen PICEA Robotics Co. and a subsidiary of the Chinese firm, according to a press release. The common stock of the company, founded in 1990 by engineers from the Massachusetts Institute of Technology, will be wiped out under the proposed Chapter 11 plan filed in Delaware on Sunday.
- Nvidia (NVDA) is leading a premarket recovery across the magnificent seven cohort of big tech stocks, after the group suffered a two-day drop amid concern over elevated spending and delays for projects tied to AI. An equal-weight basket of Magnificent Seven tech stocks dropped 0.8% on Friday after Bloomberg reported that Oracle pushed back the completion dates for some of the data centers it’s developing for OpenAI to 2028 from 2027.
- Shares of Intel (INTC) pushed higher in the early trading session after reports on Friday that the company is in advanced talks to acquire artificial intelligence chip startup SambaNova Systems Inc. for about $1.6 billion including debt. Sources tell Bloomberg a deal for Palo Alto, California-based SambaNova could come together as soon as next month. Founded in 2017 by Stanford University professors, one of whom had won a MacArthur Genius Award, SambaNova designs custom AI chips, aiming to rival those offered by Nvidia Corp.

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On this episode of Stock Movers:
- Nvidia (NVDA) is leading a premarket recovery across the magnificent seven cohort of big tech stocks, after the group suffered a two-day drop amid concern over elevated spending and delays for projects tied to AI. An equal-weight basket of Magnificent Seven tech stocks dropped 0.8% on Friday after Bloomberg reported that Oracle pushed back the completion dates for some of the data centers it’s developing for OpenAI to 2028 from 2027.
- Shares of Intel (INTC) pushed higher in the early trading session after reports on Friday that the company is in advanced talks to acquire artificial intelligence chip startup SambaNova Systems Inc. for about $1.6 billion including debt. Sources tell Bloomberg a deal for Palo Alto, California-based SambaNova could come together as soon as next month. Founded in 2017 by Stanford University professors, one of whom had won a MacArthur Genius Award, SambaNova designs custom AI chips, aiming to rival those offered by Nvidia Corp.
- Shares of Texas Instruments (TXN) dropped ahead of the US market open after Goldman Sachs analyst James Schneider cut the recommendation on Texas Instruments to sell from buy. The downgrade highlights tech sector struggles beyond the artificial intelligence trade, with TI a major player in analog chip technology.

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On this episode of Stock Movers:
- Juventus Football Club SpA shares rose the most this year after the Agnellis family’s investment vehicle Exor NV rejected an unsolicited bid by Tether Holdings to acquire the Italian football club.
- Sanofi’s experimental multiple sclerosis drug got hit with two setbacks on Monday: a regulatory delay in the US as well as a failure in a late-stage clinical trial.
- TT Electronics plunges as much as 22%, the most since April, after DBAY Advisors said it does not plan to make a takeover offer for the London-listed maker of engineered electronics.

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On this episode of Stock Movers:
- Shares in Europe’s defense companies including Rheinmetall are falling Monday amid ongoing Ukraine peace talk meetings and after President Volodymyr Zelenskiy said he could accept security guarantees from the US and Europe instead of NATO membership.
- Stellantis is among some of Europe’s embattled automakers set to get a breather as they struggle with the transition to emission-free driving, a critical moment that will shape the future of the continent’s transport sector.
- Argenx shares fell as much as 9.7%, the most in more than seven months, after the biotechnology company said its late-stage studies evaluating efgartigimod in adults with moderate to severe thyroid eye disease will be discontinued.

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On this episode of Stock Movers:

- Oracle (ORCL) closed 4.47% lower today and fell 12.7% this week. Shares slipped after earnings disappointed investors, and Bloomberg reported that some of the company's data centers being built for OpenAI will now be completed in 2028 instead of 2027. The delays stem from shortages of labor and materials, fueling doubts about execution, according to Bloomberg.

- Warner Bros Discovery (WBD) rose by 15% this week, closing at a record high today. Paramount Skydance is attempting to buy the company in a hostile takeover, while Netflix is also making a bid.

- Carvana (CVNA) is higher by 13.99% this week. The online used-car dealer will make an entry into the S&P 500 Index this month.

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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:

- Lululemon (LULU) shares finished the day 9.6% higher after the yoga-wear retailer said its CEO Calvin McDonald will step down after a seven-year stint, signaling a potential strategy change after sales struggled and the stock fell more than 60% from a 2023 peak. 

- Canopy Growth (CGC) was up 53% today. Stocks of cannabis producers soared as President Donald Trump is expected to direct his administration to move to reclassify marijuana as a less dangerous drug.

- Oracle (ORCL) closed 4.47% lower. Shares slipped after Bloomberg reported that some of the company's data centers being built for OpenAI will now be completed in 2028 instead of 2027. The delays stem from shortages of labor and materials, fueling doubts about execution, according to Bloomberg.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Oracle (ORCL) shares slipped after Bloomberg reported that some of the company's data centers being built for OpenAI will now be completed in 2028 instead of 2027. The delays stem from shortages of labor and materials, fueling doubts about execution, according to Bloomberg.

- Broadcom (AVGO) shares fall as much as 9.3%, the most intraday since April 10, as investors scrutinize the chipmaker’s $73b of AI backlog to be delivered in the next 18 months. That figure fell short of more bullish expectations, but the company said it was a “minimum” number as orders will be topped up over time.

- Lululemon (LULU) shares jump as much as 14% on Friday, the most intraday in more than eight months, after the yoga-wear retailer said its CEO Calvin McDonald will step down after a seven-year stint, signaling a potential strategy change after sales struggled and the stock fell more than 60% from a 2023 peak.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Broadcom (AVGO) shares slide the most intraday since April 10, as investors scrutinize the chipmaker’s $73b of AI backlog to be delivered in the next 18 months. That figure fell short of more bullish expectations, but the company said it was a “minimum” number as orders will be topped up over time.
- Lululemon (LULU) shares surge after the company boosted its full-year outlook and announced that its chief executive officer would step down. The company is searching for a replacement for CEO Calvin McDonald, who will depart the top post at the end of January, and the decision to find new leadership is seen as "overdue" by Jefferies analyst Randal Konik.
- Citigroup (C) shares rise after the firm says it's bullish on the planemaker. The firm said quote "We rate BA Buy with a $265 YE26 PT. New Management is the Megatrend. We are as bullish on new management as an analyst could reasonably be. Strong top down and bottom up tailwinds support our view."

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Lululemon (LULU) shares surge after the company boosted its full-year outlook and announced that its chief executive officer would step down. The company is searching for a replacement for CEO Calvin McDonald, who will depart the top post at the end of January, and the decision to find new leadership is seen as "overdue" by Jefferies analyst Randal Konik.
- Broadcom (AVGO) shares slide the most intraday since April 10, as investors scrutinize the chipmaker’s $73b of AI backlog to be delivered in the next 18 months. That figure fell short of more bullish expectations, but the company said it was a “minimum” number as orders will be topped up over time.
- Tilray Brands (TLRY) and stocks of cannabis producers soar as President Donald Trump is expected to direct his administration to move to reclassify marijuana as a less dangerous drug.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Shares of Broadcom (AVGO) tumbled in premarket trading after its sales outlook for the red-hot market failed to meet investors’ lofty expectations. The shares fell about 5% in premarket trading on Friday, following unsettling commentary from Chief Executive Officer Hock Tan on a conference call with analysts. He said the company has a backlog of $73 billion in AI product orders that will be shipped over the next six quarters — a number that disappointed some investors. But Tan sought to clarify that the figure was a “minimum.”
- Shares of Lululemon Athletica (LULU) rallied ahead of the US market open after the athleisure purveyor boosted its full-year earnings-per-share guidance, called early holiday performance encouraging, and announced a $1 billion increase to its stock buyback program. Lululemon’s fiscal third-quarter report had several positive nuggets for investors after a tough year. Profit and comparable sales beat analyst expectations in the quarter, driven by growth in international markets. Revenue in the US slipped 3% on a constant-currency basis. The company is also searching for a replacement for CEO Calvin McDonald, who will depart the top post at the end of January.
- Shares of Tilray (TLRY) and other cannabis brands soared in the early trading session as President Trump is expected to direct his administration to move to reclassify marijuana as a less dangerous drug, according to people familiar with the matter, a move that could represent one of the biggest shifts in US policy toward cannabis in decades. Trump has discussed the idea with marijuana industry executives, Health and Human Services Secretary Robert F. Kennedy Jr. and Centers for Medicare & Medicaid Services Administrator Mehmet Oz, the people said. A White House official said no final decisions have been made on rescheduling.

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