Stock Movers

On this episode of Stock Movers:
- Nvidia (NVDA) shares drop. US President Donald Trump discussed guardrails on artificial intelligence with Chinese leader Xi Jinping during a two-day summit in Beijing. Trump said Nvidia Corp.'s H200 chips also came up during the meeting, and that China hasn't approved purchases of the chips because they want to develop their own.
-Figma (FIG) jumps after the creative software platform reported first-quarter results that beat expectations and raised its full-year forecast. Analysts said the report eased concerns about AI-related disruption.
-Papa John's (PZZA) gains after Reuters reported investment firm Irth Capital is working with the pizza chain’s largest US franchisee, who controls ​around 10% of its domestic restaurants, to take the company private. Reuters cites three unidentified people.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Gemini Space Station (GEMI) is rising after Tyler and Cameron Winklevoss made a $100 million “strategic investment” into the company. CEO Tyler Winklevoss said the investment will help fuel the company's ambition to evolve from a crypto company into a markets company.
- Magnum Ice Cream (MICC) shares are jumped as much as 22%, the most since the stock’s December listing, after Reuters reported that private equity firms including Blackstone and Clayton Dubilier & Rice are exploring potential bids for the company.
- Cerebras Systems (CBRS) shares pulled back after a huge IPO day yesterday. The shares jumped 68% in its trading debut after raising $5.5 billion in the year’s largest IPO.

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

On this episode of Stock Movers:

• Boeing (BA) shares are paring losses as President Trump says Boeing got a promise of 750 planes to be purchased by China, in comments to reporters. It follows the president saying China agreed to buy 200 Boeing planes, which was considered a disappointment for a market looking for 300 or more.
• Nvidia (NVDA) shares are lower after President Trump said the Nvidia chip sale to China didn't come up in the Trump-Xi summit.
• Applied Materials (AMAT) is down as it's getting caught up in the chip selloff. It did give sales and profit forecasts that far exceeded analysts’ estimates, fueled by soaring demand for AI computing and memory chips. The AI growth will contribute to a sales increase of more than 30% in the company’s semiconductor equipment business this calendar year, according to CEO Gary Dickerson.
• Figma Inc. (FIG) jumped after the creative software platform reported first-quarter results that beat expectations and raised its full-year forecast. Analysts said the report eased concerns about AI-related disruption.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- LVMH Moët Hennessy Louis Vuitton is selling the Marc Jacobs label to WHP Global as the luxury sector grapples with slowing demand. Separately, Salvatore Ferragamo reported first-quarter revenue that missed analyst estimates.
- Syensqo shares rally as much as 12%, its biggest gain in over 13 months, after the chemicals company reported Ebitda ahead of expectations in the first quarter. Citi said the beat and the improving order book are reassuring investors.
- European miners are heavily underperforming on Friday, as copper continues to retreat from the record-high close seen earlier this week. Accelerating US inflation reduced the chance of rate cuts and a stronger dollar make the red metal more expensive for many buyers. Gold is also falling. KGHM Polska fell as much as 8%.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- LVMH Moët Hennessy Louis Vuitton is selling the Marc Jacobs label to WHP Global as the luxury sector grapples with slowing demand. Separately, Salvatore Ferragamo reported first-quarter revenue that missed analyst estimates.
- Syensqo shares rally as much as 12%, its biggest gain in over 13 months, after the chemicals company reported Ebitda ahead of expectations in the first quarter. Citi said the beat and the improving order book are reassuring investors.
- Dino Polska rose 15%. The company reported EPS above estimates and sales in line with estimates. Trading volume was 24 times the average for this time of day.

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

On this episode of Stock Movers:

- Figma (FIG) gave an outlook for revenue in the current period that topped analysts’ estimates, touting early traction from charging users directly for AI features. The shares jumped about 10% in extended trading after closing at $20.24 in New York. The stock has declined steadily since the Figma’s blockbuster public offering and is now 39% below the $33-a-share IPO price.

- Cerebras (CRBS) shares jumped 68% in its trading debut after raising $5.5 billion in the year’s largest IPO, illustrating investors’ surging appetite for artificial intelligence data centers and the chips running them. Shares of the Sunnyvale, California-based company pared earlier gains to close at $311.07 each on Thursday in New York, above the $185 IPO price, after being halted earlier for volatility. Cerebras’ first-time share sale raised nearly 60% more than its target when it launched, and priced above a marketed range that was revised higher on Monday.

- Cisco (CSCO) jumped by the most in more than 14 years after the company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs, an attempt to focus on the fast-growing AI market.

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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, Katie Greifeld, Carol Massar and Tim Stenovec.

- Cerebras Systems (CBRS) shares jumped 75% in its trading debut after raising $5.5 billion in the year’s largest IPO, illustrating investors’ surging appetite for artificial intelligence data centers and the chips running them.

- Cisco Systems (CSCO) shares soar as much as 17%, in biggest intraday jump since August 2011, extending gains for a sixth consecutive session, after the networking-equipment company reported third-quarter results that beat expectations and raised its full-year forecast. It also announced job cuts as it focuses more on AI. Analysts are positive about the company’s accelerating growth rate.

- Boeing (BA) shares fell as much as 5.4% after President Trump unveiled a smaller China aircraft order. China agreed to buy 200 Boeing planes, President Donald Trump said, in a multibillion-dollar deal that would mark the nation’s first purchase of US-made commercial jets in nearly a decade. But Trump’s announcement, fell short of the 500 737 Max and widebody aircraft Chinese airlines were expected to buy at the upper extreme of a landmark deal.

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

On this episode of Stock Movers:
- Cisco Systems (CSCO) shares soar as much as 17%, in biggest intraday jump since August 2011, extending gains for a sixth consecutive session, after the networking-equipment company reported third-quarter results that beat expectations and raised its full-year forecast. It also announced job cuts as it focuses more on AI. Analysts are positive about the company’s accelerating growth rate.

-Ford Motor (F) stock climb 7.3% Thursday to bring the stock’s two-day gains to roughly 22%. after Morgan Stanley issued a bullish call that the automaker’s energy storage business could soon make a deal with hyperscalers.

- Regenxbio (RGNX) shares sink 18% in premarket trading after the drug developer said there were two cases of serious adverse events in a trial of its experimental gene therapy for a muscle disease.

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On this episode of Stock Movers:
- Cisco (CSCO) shares jump. The company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which is higher than analysts estimated sales of $15.8 billion.
- Doximity (DOCS) shares slump. The healthcare software firm gave a full-year forecast that was weaker than expected, with AI investments pressuring the company’s earnings. KeyBanc Capital Markets analyst Scott Schoenhaus (cut to sector weight from overweight)
- Nvidia (NVDA) shares gain ahead of earnings next week. Nvidia CEO Jensen Huang tells reporters in Beijing that meetings with tech CEOs "went excellent.”

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Cisco (CSCO) shares jump. The company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which is higher than analysts estimated sales of $15.8 billion.
- Legence (LGN) shares drop. The engineering firm raised its guidance for full-year revenue and adjusted Ebitda to a range above the average estimate. Those metrics also beat estimates in the first quarter. Shares of the company were already up 257% from its September IPO through Wednesday trading.
- Bullish (BLSH) shares fall. The crypto firm reported a first-quarter net loss per share that widened year-over-year as digital asset sales fell.

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