Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Tencent shares fell on concerns about the holding company’s increasing AI investments, even after it reported solid growth for advertising and mobile games.
- SK Hynix shares rise after a revival in the global AI trade pushed South Korean stocks toward a technical bull market, marking a dramatic turnaround from last month’s historic rout.
- Hansoh Pharma shares rise after the Hang Seng Biotech industry rallies, as drug innovation in chronic illness and weight loss businesses in China grows at a rapid pace. Maya Thompson

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Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- Cisco Systems (CSCO) gave a sales projection for the current quarter that exceeded Wall Street’s expectations, a sign of success for the company’s efforts to supply a larger share of the AI data center market. The company attributed the strong sales to “broad-based, record high demand for Cisco technology” and expects AI momentum to remain strong. Cisco shares gained 1% to $125.19 in late trading, and the stock was up 61% this year through Wednesday’s close.

- Cerebras Systems (CBRS) reported a decline in hardware revenue, which fell to $54.1 million, and shares of the company fell about 17% in late trading. Revenue from the company's cloud division nearly quadrupled to $126 million, and the company expects total sales to exceed Wall Street estimates in the current period. Cerebras posted total sales of $180.1 million, up 74% from a year earlier, and plans to more than triple its revenue in 2027.

- Virgin Galactic Holdings (SPCE) is delaying the debut of its Delta-class spaceplane until February of 2027 to allow for additional time to complete avionics and systems installations. The company reported revenue of about $134,000 for the quarter and posted a smaller-than-expected net loss, with cash and cash equivalents standing at $187.3 million. Virgin Galactic booked new spaceflight expeditions, representing an additional $50 million in expected revenue, and plans to open bookings again in the US fall timeframe at a higher price than the current $750,000 per ticket.

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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, Isabelle Lee, Carol Massar and Tim Stenovec

- CoreWeave (CRWV) surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”. CoreWeave raised its revenue outlook to a range of $12.4 billion to $13.2 billion for the full year, and its shares soared as much as 23% to $111.05 after markets opened in New York on Wednesday.

- Home Depot (HD) shares fell after the company announced that Chair, President and CEO Ted Decker will take a temporary medical leave of absence. During Decker's absence, Senior Executive Vice President Ann-Marie Campbell will oversee day-to-day operations and Executive Vice President and Chief Financial Officer Richard McPhail will oversee financial management. Home Depot expects Decker to return within the next few months, and the company's leadership expressed confidence in the interim leadership plan.

- United States Antimony (UAMY) shares are dipping after the company posted second-quarter results that missed analyst estimates and cut its full-year revenue outlook in half. The company's earnings per share was breakeven, falling short of the one-cent figure analysts had forecast, and revenue totaled approximately $7.93 million for the quarter.

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Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- CoreWeave (CRWV) surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”. CoreWeave raised its revenue outlook to a range of $12.4 billion to $13.2 billion for the full year, and its shares soared as much as 23% to $111.05 after markets opened in New York on Wednesday.

- Cava Group (CAVA) sales rose faster than expected due to increased traffic and customers buying higher-priced proteins and extras such as pita chips. Sales slowed at the end of the second quarter due to reports of a parasitic outbreak, but trends have since improved each week with comparable sales back to mid-single-digit growth.

-Wendy’s (WEN) shares jump as much as 13% after a Financial Times report that Nelson Peltz’s Trian Fund Management is laying the groundwork for a take-private bid for the US fast-food chain, with backing from a consortium of investors including BlueFive Capital.

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

On this episode of Stock Movers:

- CoreWeave (CRWV) surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”.

- Cava Group (CAVA) shares rose faster than expected due to increased traffic and customers buying higher-priced proteins and extras such as pita chips. Sales slowed at the end of the second quarter due to reports of a parasitic outbreak, but trends have since improved each week with comparable sales back to mid-single-digit growth.

- Super Micro Computer (SMCI) shares jumped after the company gave a revenue forecast for the current quarter that topped analysts’ estimates, a sign the booming artificial intelligence market continues to bolster sales of the company’s servers. Revenue will be $14.5 billion to $15.5 billion in the period ending in September, and profit, excluding some items, will be $1.01 to $1.10 a share, the company said.

See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:

- CoreWeave (CRWV) surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”.

- Super Micro Computer (SMCI) shares jumped after the company gave a revenue forecast for the current quarter that topped analysts’ estimates, a sign the booming artificial intelligence market continues to bolster sales of the company’s servers. Revenue will be $14.5 billion to $15.5 billion in the period ending in September, and profit, excluding some items, will be $1.01 to $1.10 a share, the company said.

- Lumentum (LITE) shares gain. Analysts are positive on the maker of optical equipment after it reported fourth-quarter results that beat expectations and gave an outlook above analyst consensus. The stock has more than doubled this year and is up near 36% off the low it hit in late July.

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

On this episode of Stock Movers:
- Cava (CAVA) is also risijng this morning as sales jumped with Americans flocking to Pita Chips, Salmon, and other Mediterranean-diet oriented foods.
- Super Micro (SMCI) is giving a sales outlook that topped even the rosiest projections. That along with Coreweave's report is sending markets higher.
- CoreWeave (CRWV) is soaring after booming AI demand bolstered the company's revenue outlook. Nebius (NBIS) is also up this morning with earnings coming out.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Coreweave (CRWV) is soaring after booming AI demand bolstered the company's revenue outlook. Nebius (NBIS) is also up this morning with earnings coming out.
- Super Micro (SMCI) is giving a sales outlook that topped even the rosiest projections. That along with Coreweave's report is sending markets higher.
- Lumentum (LITE) is climbing as well this morning after adjusted EPS for the first quarter exceeded estimates.
- Cava (CAVA) is also rising this morning as sales jumped with Americans flocking to Pita Chips, Salmon, and other Mediterranean-diet oriented foods.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Vestas shares surged as much as 19%, the most since July 2022, after the Danish company lifted its profit guidance for the year and announced a share buyback driven by jump in orders for its wind turbines.
- Hermes shares fall alongside other European luxury stocks after Deutsche Bank lowered its price targets for heavyweights in the sector, citing limited improvements during the second-quarter earnings season.
- Kingspan shares rise as much as 8.3%, to the highest since January 2022, after the Irish building materials company announced the purchase of BMC Manufacturing Group for an initial consideration of €850 million, with a potential deferred consideration of up to €50 million.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- ABN Amro shares rise as much 6.3% after it reported quarterly profit that beat analysts’ estimates on higher fees and growth in lending income, prompting the Dutch bank to raise the outlook for its biggest revenue source.
- Vestas shares surged as much as 14%, the most since November, after the Danish company lifted its profit guidance for the year and announced a share buyback driven by jump in orders for its wind turbines.
- TUI shares fell as much as 3.7%, the most in six weeks, after the travel and tourism group reported a miss on third-quarter Ebit as the Middle East conflict inflicted a €20 million hit to the group’s Cruise division.

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