Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Broadcom (AVGO) shares are lower this morning, despite the company predicting a boom in artificial intelligence chip sales over the next two years, helping renew optimism that it can challenge Nvidia Corp.’s dominance in the lucrative market.
- HPE (HPE) is sliding after reporting increasing sales that didn’t meet high expectations from investors.
- Snowflake (SNOW) jumped this morning after it raised its outlook for annual sales, topping analysts' estimates, and reported rapid adoption of its AI-assisted coding tool. The company said more than 2,000 customer accounts started using its coding assistant called CoCo during the quarter, bringing the total to 9,100.
- Five Below (FIVE) is higher after the retailer lifted its full-year outlook, citing the addition of new stores and the popularity of its budget-friendly merchandise among Gen Alpha and Gen Z shoppers.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Elliott Investment Management has built a sizeable stake in Deutsche Telekom AG and indicated the German telecommunications giant should ditch a potential merger with its American arm T-Mobile US Inc., people familiar with the matter said.
- M&G shares fall as much as 3.8% after first-half results from the asset manager showed a bigger-than-expected net loss due to adverse short-term fluctuations in investment returns, overshadowing otherwise strong net flows, capital generation and dividends.
- Watches of Switzerland shares erase early gains to fall after the watch retailer reiterated its full year guidance, saying in a statement it’s “well positioned” to deliver on FY27 guidance.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Crest Nicholson Holdings Plc reversed previous guidance for a modest profit this year and now expects to make a loss thanks to a subdued housing market and lackluster pricing. Shares plunged.
- Soitec surges as much as 13%, the most since July 23, as the French chip material company lifted its revenue guidance for the second quarter of 2027, citing accelerating Photonics-SOI demand.
- Elliott Investment Management has built a sizeable stake in Deutsche Telekom AG and indicated the German telecommunications giant should ditch a potential merger with its American arm T-Mobile US Inc., people familiar with the matter said.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Asian financial stocks including KB Financial Group rise, outperforming the broader market, on expectations that rising rates would lift bank margins and returns on fixed-income investments.
- Fast Retailing Co. shares fell as much as 3.8%, after a drop in the August sales of the company’s retail brand, Uniqlo.
- Cosco Shipping and other shipping stocks are benefiting from charging higher rates due to instability in the Middle East.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- HPE (HPE) boosted its sales outlook for this fiscal year and next, saying artificial intelligence workloads are driving demand for servers and networking gear. The shares were little changed in extended trading after closing at $51.82 in New York. The stock has more than doubled this year.

- Snowflake (SNOW) gained in extended trading after the company raised its outlook for annual sales, topping analysts’ estimates, and touted rapid adoption of its AI-assisted coding tool. The shares jumped more than 20% in extended trading after closing at $305.84. The stock had climbed 39% this year through the close.

- Broadcom (AVGO) predicted a boom in artificial intelligence chip sales over the next two years, helping renew optimism that it can challenge Nvidia Corp.’s dominance in the lucrative market. AI chip revenue will double to about $115 billion in fiscal 2027 and soar to $230 billion the following year, Chief Executive Officer Hock Tan said during a conference call. The company also is on track to top earnings of $30 a share in fiscal 2028, outpacing Wall Street estimates. The shares rebounded from an earlier decline after Tan gave the guidance.

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Today's biggest winners and losers in the stock market.

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, Sally Bakewell, Tim Stenovec and Lisa Mateo. 

• Dell (DELL) shares jumped after the company boosted its annual sales forecast by $25 billion in a further sign of surging demand for servers to run artificial intelligence tasks. 
• GE Vernova (GEV) has committed to repairing large portions of Venezuela’s power grid as part of a series of deals being touted by the Trump administration to boost the country’s energy output. US Energy Secretary Chris Wright, speaking on Bloomberg Television on Wednesday morning, confirmed the company has agreed to a Venezuela deal, but didn’t provide details. Shares of GE Vernova rallied in trading on Wednesday. 
• HPE (HPE) boosted its sales outlook for this fiscal year and next, saying artificial intelligence workloads are driving demand for servers and networking gear. “We are turning exceptional demand into durable profitable growth,” Chief Executive Officer Antonio Neri said in an interview. Shares of HPE rose in postmarket trading.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Uber Technologies (UBER) is higher after cutting about 3,300 roles, or 10% of its staff globally, in a massive restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses. The stock is down 6% YTD.

- PG&E (PCG) plans to defer about $2 billion of investments next year as part of a strategic review of its businesses, a move that comes after it said a proposed revamp of California’s wildfire response didn’t do enough to protect the company and its peers from the cost of such disasters.

- Sphere Entertainment (SPHR) shares rose as much as 4.5% on Wednesday after Guggenheim raised the price target on the company to a Street-high $208 from $193. Analyst Curry Baker says SPHR shares have been under pressure the last two weeks due to soft August Ticketmaster data and weak August tourism in the Las Vegas market

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On this episode of Stock Movers:

- Dell (DELL) shares jumped after the company boosted its annual sales forecast by $25 billion due to surging demand for servers to run artificial intelligence tasks. Revenue in the fiscal year ending in January 2027 will be about $192 billion, including $74 billion from the sale of AI servers, which is up from an outlook in May of about $167 billion.

- Palo Alto Networks (PANW) shares shares slide as much as 9.5% in intraday trading, the most since February, after the cybersecurity firm reported recurring revenue that beat analyst estimates but fell short of elevated investor expectations. 

- Eos Energy (EOSE) shares rise after the company, MN8 Energy and Alphabet’s Google announced a project that will use 10 MW of Eos’ zinc-based energy storage products. The collaboration will deliver a combined 86 MW of solar, 10 MW of zinc-based long-duration energy storage and 70 MW of lithium-ion energy storage in West Virginia.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Dell (DELL) shares jumped after the company boosted its annual sales forecast by $25 billion due to surging demand for servers to run artificial intelligence tasks. Revenue in the fiscal year ending in January 2027 will be about $192 billion, including $74 billion from the sale of AI servers, which is up from an outlook in May of about $167 billion.

- GitLab (GTLB) shares rally after the software company’s second-quarter results beat expectations at the same time as the company boosted its full-year forecast.

- FuelCell (FCEL) shares fall. The renewable energy equipment company reported third-quarter results that were weaker than expected on key metrics.

See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Uber Technologies (UBER) is cutting about 3,300 roles, or 10% of its staff globally, in a massive restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses. 

- Dell Technologies (DELL) shares gain after the company’s second-quarter results beat expectations and it raised its full-year revenue forecast, supported by strong AI-related demand for its servers. 

- PG&E (PCG) plans to defer about $2 billion of investments next year as part of a strategic review of its businesses, a move that comes after it said a proposed revamp of California’s wildfire response didn’t do enough to protect the company and its peers from the cost of such disasters.

See omnystudio.com/listener for privacy information.