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.

- 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.

See omnystudio.com/listener for privacy information.

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.”

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.

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.

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, 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%.

See omnystudio.com/listener for privacy information.

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.

See omnystudio.com/listener for privacy information.