Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of Nvidia (NVDA) are moving higher in premarket trading as markets weigh the Magnificent Seven powerhouse's future under new interim CEO Colette Kress. Nvidia said Thursday that Huang will no longer have ties with the chipmaker. The board, which has never had a chair before, appointed director Harvey Jones to that role.
- Shares of Cerebras Systems (CBRS) soared ahead of the US market open after the chipmaker gave a sales guidance well above estimates, while unveiling new deals with Oracle and Microsoft. A key investor concern is a rollout delay in the firm’s contract with OpenAI. The company said on an earnings call that it cannot find enough cloud capacity and is running behind schedule, but rumors that Cerebras can’t support OpenAI models due to technical reasons are “false” and it should be back on track in 2H of next year.
- Shares of Cisco Systems (CSCO) declined in the early session after the networking gear maker reported a 21% rise in product orders in fiscal 1Q, missing expectations and marking a slowdown from the previous period. Gross margins are seen coming under pressure in the next few quarters as revenue has become more reliant on AI hyperscalers.
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Today's biggest winners and losers in the stock market.
- Richemont fell as much as 9%, the biggest drop since April 2025, after results in its jewelry division missed consensus expectations for the second quarter. Jewelry remains the main driver of the group’s growth, analysts at Jefferies said.
- Wise Group shares advance as much as 9.8%, the most since June, after the UK fintech said it’s reached an agreement with prosecutors in Belgium over concerns of alleged money laundering, without admitting wrongdoing.
- CTS Eventim shares gain as much as 3.3% after third-quarter results, with Citi saying resilient Ticketing performance was offset by weaker-than-expected Live Entertainment.
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Today's biggest winners and losers in the stock market.
- Richemont fell as much as 9%, the biggest drop since April 2025, after results in its jewelry division missed consensus expectations for the second quarter. Jewelry remains the main driver of the group’s growth, analysts at Jefferies said.
- Wise Group shares advance as much as 9.8%, the most since June, after the UK fintech said it’s reached an agreement with prosecutors in Belgium over concerns of alleged money laundering, without admitting wrongdoing.
- DFS Furniture says upholstery market demand softened further over the seven weeks since its full-year results, reflecting continued pressure on household budgets and reduced consumer confidence, according to a statement. Shares fell as much as 9.7%
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Today's biggest winners and losers in the stock market.

- Taiwan’s Taiex index rises as much as 3.2% as the tech-heavy market tracks a regional rally while Nvidia CEO Jensen Huang’s resignation removes some uncertainties. MediaTek climbed as much as 10%.

- Chinese artificial intelligence stocks tumbled on concerns that cloud operators’ access to advanced chips may face tighter US scrutiny amid the escalating espionage and leadership controversy surrounding Nvidia. Alibaba slumped as much as 7.3%, dragging the Hang Seng Tech Index lower.

- Japanese defense stocks such as IHI and Kawasaki Heavy Industries declined on a report that the government plans a ¥50t to ¥60t target range for defense spending over the next five years. IHI shares fell as much as 8.4%.
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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:

- Nvidia (NVDA) stock sank 5% as Chief Executive Officer Jensen Huang was ousted. The US is probing Alice Huang over whether entities linked to her were involved in efforts to smuggle products made by Super Micro Computer Inc. to China. Nvidia's board is counting on Colette Kress to steady the ship as interim CEO while it hunts for someone to permanently replace Huang.

- Super Micro Computer (SMCI) shares are down 13% on Thursday, after Semafor reported that the Department of Justice is probing the company, along with Nvidia and Megaspeed.

- Cisco Systems (CSCO) shares jumped after market close Thursday as its fiscal first quarter marked the strongest revenue and earnings growth rates in more than 15 years. The company's adjusted earnings per share increased to $1.40 for the quarter ended Oct. 24 from $1 a year ago, and overall revenue jumped 24% to $18.52 billion. Cisco raised its adjusted EPS guidance to between $5.47 and $5.53 for fiscal 2027, and revenue is now projected at $74.8 billion to $75.8 billion.
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