Stock Movers

On this episode of Stock Movers:

- Nvidia (NVDA) shares fall. Nvidia Corp.'s investigation into Chief Executive Officer Jensen Huang's affair with an alleged Chinese spy raises questions about his job and the company's future. The company's board is assembling a committee of independent directors to investigate the matter, with outside counsel, after Huang disclosed the romantic relationship in a memo to employees. The incident threatens to further roil the AI market and has led to a loss in Nvidia's market valuation, with the company's shares sliding as much as 8.8% on Monday.

- DraftKings (DKNG) shares drop. DraftKings shares are down after the sports betting company received downgrades from JPMorgan and Stifel. This comes in the wake of the company’s earnings report, where it gave a disappointing full-year profit outlook as it invests heavily in its prediction-market (PM) product.

- Ionis Pharmaceuticals (IONS) shares fall. The drug developer slashed its full-year sales guidance for Tryngolza to reflect a “more gradual-than-anticipated” near-term launch ramp. Separately, Ionis’ collaboration partner Novartis said it is largely abandoning development of pelacarsen, an experimental drug to treat patients with elevated Lp(a) and established cardiovascular disease.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- KKR (KKR) shares rise. KKR & Co. reported a third-quarter profit that beat analysts’ estimates as its Strategic Holdings unit mitigated a slump at its Global Atlantic insurance arm. Adjusted net income climbed 29% to $1.65 billion, or $1.78 a share, beating the $1.57 average estimate of analysts in a Bloomberg survey. KKR expects to return more than $40 billion to clients this year, exceeding its prior record by more than 50%, according to the statement.
- American Airlines (AAL) shares rise. Travel stocks are broadly higher Monday morning as oil extends losses on growing optimism over diplomatic efforts to end the war in the Middle East, even as attacks in the region continue.
- Alphabet (GGOGL) shares rise. Alphabet Inc.'s Google is rolling out a broader array of artificial intelligence chips, aiming to capitalize on its rapid ascent as a challenger to Nvidia Corp. The company is introducing two new variations of its tensor processing units, or TPUs, custom-made semiconductors that help develop and run AI software, which will address the need for confidential computing and help models access a wider range of information.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of Barrick Mining (B) rose in premarket trading after the miner reported third-quarter earnings that beat the average analyst estimate as strength in gold offset copper weakness. The company also said that its Nevada Gold Mines initial public offering remains on track for late 2026 or early 2027.
- Shares of Alphabet (GOOG) edged higher ahead of the market open after news Google is rolling out a broader array of artificial intelligence chips, aiming to capitalize on its rapid ascent as a challenger to Nvidia in a market worth hundreds of billions of dollars. The company is introducing two new variations of its tensor processing units, or TPUs, custom-made semiconductors that help develop and run AI software. The latest chips will address the need for confidential computing and help models access a wider range of information when handling queries.
- Shares of KKR & Co. (KKR) rallied in the early session after the company reported a third-quarter profit that beat analysts’ estimates as the “mini Berkshire” unit that holds long-term private equity bets mitigated a slump at its Global Atlantic insurance arm. Earnings at KKR’s Strategic Holdings unit, modeled on Berkshire Hathaway Inc., more than tripled from a year earlier to $191.6 million as the portfolio generated more dividends, according to a statement Monday.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of Nvidia (NVDA) fell in premarket trading after the company’s board launched an investigation into Chief Executive Officer Jensen Huang, following his admission of an affair with a woman identified in a series of reports as a suspected Chinese spy.
- Shares of KKR (KKR) are moving higher ahead of the US market open ahead of quarterly earnings. KKR's assets under management are expected to rise 13%, its slowest increase since 2023, according to Bloomberg Intelligence.
- Shares of Berkshire Hathaway (BRK/A) are little changed in early trading. Berkshire’s third-quarter operating earnings fell, hurt by weaker insurance underwriting, while the conglomerate spent about $9.6 billion buying back its own shares in the period.
See omnystudio.com/listener for privacy information.

Banco BPM Soars, Unicredit Up, Kingspan Falls
Today's biggest winners and losers in the stock market.
- Credit Agricole SA is seeking to merge its Italian operations with Banco BPM SpA, extending a wave of deals washing over the country’s finance industry.
- UniCredit SpA reported record quarterly profit as it lifted full year guidance, giving Chief Executive Officer Andrea Orcel a tailwind as he nears control of Commerzbank .
- - Kingspan shares drop as much as 3.5% after the building materials company posted a trading update. Analysts said sales gained momentum in the third quarter compared to the first half, although JPMorgan said growth was still short of its expectations. Investors may also be taking pause until the company’s capital markets day on Tuesday.
See omnystudio.com/listener for privacy information.