Stock Movers

On this episode of Stock Movers:

-Nebius (NBIS) shares rise. The rally followed strong results from rival AI infrastructure provider CoreWeave, which beat Wall Street estimates and raised its full-year revenue forecast.

-Navient (NAVI) shares are down due to a combination of a significant third-quarter earnings miss, a large credit true-up on legacy private loans, and subsequent rating cuts from Wall Street analysts

- Fossil (FOSL) shares climb 28% after the accessories company reported better-than-expected third-quarter results, including a return to sales growth.
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On this episode of Stock Movers:
- CoreWeave (CRWV) shares rise. CoreWeave Inc. indicated that sales growth remains strong despite challenges facing the data center industry, and projected revenue of $13 billion to $13.3 billion this year. The company's third-quarter sales rose to $3.66 billion, topping the $3.56 billion estimated by analysts, and its backlog was $132.5 billion at the end of the quarter.
- Nvidia (NVDA) shares are mixed. Wall Street sentiment toward Nvidia Corp. is starting to crack due to an investigation into Chief Executive Officer Jensen Huang’s affair with an alleged Chinese spy. Baird downgraded the stock to neutral and Morgan Stanley removed Nvidia as a Top Pick, with Baird analyst Tristan Gerra taking a more cautious stance until uncertainties are lifted.
- MP Materials (MP) shares gain. Freedom Capital Markets raised its recommendation on the rare earth company to buy from hold on valuation. Analyst Vitaly Kononov sees upside to valuation after earnings and as initial deliveries of commercial dysprosium and terbium begin in 4Q.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of CoreWeave (CRWV) rallied in premarket trading after the compay eased fears about its debt-laden business during a high-stakes quarterly report, indicating that sales growth remains strong despite challenges facing the data center industry. The AI computing provider projected revenue of $13 billion to $13.3 billion this year. That exceeded its previous range of up to $13.2 billion and sailed past the $12.9 billion that Wall Street had predicted.
- Shares of Lumentum Holdings (LITE) slipped ahead of the US market open. Marvell Technology’s (MRVL) plan to double down on AI through a blockbuster $115 billion acquisition of Lumentum is getting a lukewarm early verdict from investment experts who bet on deals.
- Shares of Fossil Group (FOSL) rallied after the company raised its full-year sales outlook after posting quarterly growth sooner than expected.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of CoreWeave (CRWV) rallied during premarket trading after the cloud-computing provider boosts its annual revenue forecast. Analysts said the results ease worries about the company’s financing, although concerns remain. The AI computing provider projected revenue of $13 billion to $13.3 billion this year. That exceeded its previous range of up to $13.2 billion and sailed past the $12.9 billion that Wall Street had predicted.
- AI infrastructure stocks are rallying ahead of the US market open after CoreWeave eased fears about its debt-laden business and reports on Anthropic and OpenAI lifted sentiment across the sector. Shares of Nebius (NBIS), Applied Digital (APLD), and Oracle (ORCL) are all moving higher in early trading.
- Shares of Nvidia (NVDA) are outperforming Magnificent 7 peers in the early session after tumbling almost 10% this week, erasing more than $400 billion in the period. Meanwhile, Nvidia's investigation of CEO Jensen Huang’s affair with an alleged Chinese spy is raising questions about the company’s future ahead of earnings next week.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Siemens Energy said profit margins will swell to as much as 22% by 2030, driven by booming demand for gas turbines and power-grid equipment that more than doubled earnings last year.
- Vestas shares fall as much as 9.4% after the wind energy company posted earnings below expectations for the third quarter. Citi flags a miss on margins within the Power Solutions arm and says the new guidance ranges could lead to consensus cuts at the midpoint.
- CSG shares plunged to the lowest since their January listing after the European arms maker cut its full-year profitability outlook and reported third-quarter revenue that fell short of estimates.
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