On this episode of Stock Movers:- Nvidia (NVDA) shares are down this week after The Information reported, citing unidentified sources, that the company has instructed component suppliers to stop production related to the H20 AI chip. The production suspension comes after Beijing urged local companies to avoid using the H20, a chip designed specifically for the Chinese market. CEO Jensen Huang said he was surprised by Beijing's concerns and reiterated that the H20 houses no security backdoors, according to Huang. - Dayforce (DAY) shares are up after Thoma Bravo agreed to buy the human resources software provider in what is set to become one of the investment firm’s largest-ever deals. The private equity giant will pay $70 a share in cash for Minneapolis-based Dayforce, according to a statement Thursday. The price represents a roughly 32% premium to Dayforce’s stock price on Aug. 15, the last trading session before Bloomberg News reported that a deal was in the works. The deal values Dayforce at $12.3 billion including debt and includes a significant minority investment from a wholly-owned subsidiary of the Abu Dhabi Investment Authority. - Palantir's (PLTR) losing streak came as investors shed some of the biggest tech stocks, wiping out more than $73 billion in market value. The drop has given short sellers more than $1.6 billion in profits, according to data from S3 Partners LLC. Short interest as a percentage of Palantir’s float has fallen to about 2.5% from nearly 5% a year ago, according to Matthew Unterman, managing director of S3 Partners LLC.See omnystudio.com/listener for privacy information.
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4:37
Closing Bell: Big Banks Soar, Zoom Rallies, Intuit Falls
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 Caroline Hyde, Vonnie Quinn Tim Stenovec and Norah Mulinda.- US banks were among several groups to surge following Federal Reserve chairman Jerome Powell's remarks at Jackson Hole. The KBW Bank Index jumped 3.2% closing at its first record since 2022. - Zoom (ZM) shares soared after the company delivered a stronger-than-expected forecast, suggesting that customers are buying more of its expanded line of software products. The shares jumped 13% to $82.47 in New York on Friday, marking their biggest single-day gain since August 2024. The stock had been down 10% this year heading into the earnings report.- Intuit (INTU) share sunk after the tax software company's tepid forecast overshadowed an otherwise strong fourth quarter report.See omnystudio.com/listener for privacy information.
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6:36
Intel Extends Gains, Apple Climbs, Intuit Falls
On this episode of Stock Movers: - Intel (INTC) Intel shares extended gains to as much as 6.6% after President Donald Trump says Intel has agreed to give the US a 10% stake. “They’ve agreed to do it and I think it’s a great deal for them,” Trump told reporters Friday at the White House. Trump cast the agreement as one that would revitalize the company, saying that “Intel has been left behind” compared to competitors in the chipmaking industry, and that he had floated the idea when he met with Intel Chief Executive Officer Lip-Bu Tan earlier this month. - Apple (AAPL) is in early discussions about using Google Gemini to power a revamped version of the Siri voice assistant, marking a key potential step toward outsourcing more of its artificial intelligence technology. The iPhone maker recently approached Alphabet’s Google to explore building a custom AI model that would serve as the foundation of the new Siri next year, according to people familiar with he matter. Google has started training a model that could run on Apple’s servers, said the people, who asked not to be identified because the discussions are private. Shares of Google and Apple both climbed to session highs on Friday after Bloomberg News reported on the discussions. - Intuit (INTU) shares fell as much as 7.1% in early Friday trading, the most intraday since August 2024, after the tax software company’s tepid forecast overshadowed an otherwise strong fourth quarter report.See omnystudio.com/listener for privacy information.
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4:51
Nvidia H20 Chips; Workday Drops; Zoom Higher
On this episode of Stock Movers:- Nvidia (NVDA) shares are after The Information reported, citing unidentified sources, that the company has instructed component suppliers to stop production related to the H20 AI chip. The production suspension comes after Beijing urged local companies to avoid using the H20, a chip designed specifically for the Chinese market. CEO Jensen Huang said he was surprised by Beijing's concerns and reiterated that the H20 houses no security backdoors, according to Huang.- Workday (WDAY) shares are lower after investors were left disappointed that the human-resources software company left its subscription revenue guidance unchanged, apart from a small boost from the Paradox acquisition. Analysts also flagged concerns around AI displacement continue to linger.- Zoom (ZM) share are higher after it gave a stronger-than-expected annual outlook for sales growth and raised its fiscal-year forecast, suggesting customers are buying more of the company’s expanded line of software products. The company's fiscal second-quarter enterprise sales increased 7% to $730.7 million, and Zoom said it had 4,274 customers in the period who contributed more than $100,000 each over the past year.See omnystudio.com/listener for privacy information.
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3:21
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3:21
Nvidia H20 Chips; BJ's Earnings; Workday Drops
On this episode of Stock Movers:- Nvidia (NVDA) shares are after The Information reported, citing unidentified sources, that the company has instructed component suppliers to stop production related to the H20 AI chip. The production suspension comes after Beijing urged local companies to avoid using the H20, a chip designed specifically for the Chinese market. CEO Jensen Huang said he was surprised by Beijing's concerns and reiterated that the H20 houses no security backdoors, according to Huang.- BJ's Wholesale (BJ) fell after it reported fiscal second-quarter sales that came up short of expectations. The profit outlook for the wholesale retailer did improve. It boosted its adjusted earnings per share forecast for the full year.- Ross Stores (ROST) jumped after projecting inflation will push more consumers to seek its off-price wares and deliver sales growth above expectations. CEO Jim Conroy said, “We anticipate pricing across retail will move higher as we progress through the year, which will lead consumers to seek more value this fall season.”- Workday (WDAY) shares are lower after investors were left disappointed that the human-resources software company left its subscription revenue guidance unchanged, apart from a small boost from the Paradox acquisition. Analysts also flagged concerns around AI displacement continue to linger.See omnystudio.com/listener for privacy information.
Stock Movers features five-minute conversations on today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
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