Stock Movers

Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- SpaceX (SPCX) shares fell after the company disclosed higher-than-expected spending on its artificial intelligence business. The company's capital expenditures soared to $28.5 billion in the first half of the year, with the vast majority of expenditures steered toward AI. SpaceX generated $3.38 billion in revenue from artificial intelligence during the first six months of the year, less than half what its connectivity business brought in during that span.

- Sandisk (SNDK) stock plunged 47% in July, erasing more than $150 billion in market value, but remains the best performer in the S&P 500 Index this year. The company is expected to report soaring profit and revenue growth, and give a rosy forecast, after tech giants including Amazon.com Inc. and Microsoft Corp. pledged to keep spending heavily on artificial intelligence computing infrastructure. Sandisk's earnings report will test whether strong results are enough to entice investors to buy in again, with Wall Street remaining overwhelmingly bullish on the shares and the average price target implying a gain of about 70% over the next 12 months.

- Eli Lilly (LLY) boosted its 2026 sales guidance after its weight-loss drug franchise performed far better than expected in the second quarter. Sales for the year are forecast to be between $85 billion and $87 billion, with second-quarter adjusted earnings and revenue beating Wall Street estimates. Lilly stock gained 8.6% when markets opened in New York, the largest gain since April. Meanwhile, Novo’s shares fell as much as 6.8% in Copenhagen.
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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, Carol Massar, and Tim Stenovec

-Nvidia (NVDA) shares gain after Advanced Micro Devices gave an underwhelming sales outlook, a sign shareholders expected more of a return from the global expansion of AI data centers.

-Shopify (SHOP) shares gain as much as 24% on Wednesday, bringing the share price to its highest level since January, after the e-commerce giant reported second-quarter revenue that beat the average analyst estimate. The 34% revenue growth for the second quarter also came ahead of the “high-twenties percentage” the company forecast back in May.

- Sandisk (SNDK) stock plunged 47% in July, erasing more than $150 billion in market value, but remains the best performer in the S&P 500 Index this year. The company is expected to report soaring profit and revenue growth, and give a rosy forecast, after tech giants including Amazon.com Inc. and Microsoft Corp. pledged to keep spending heavily on artificial intelligence computing infrastructure. Sandisk's earnings report will test whether strong results are enough to entice investors to buy in again, with Wall Street remaining overwhelmingly bullish on the shares and the average price target implying a gain of about 70% over the next 12 months.

Plus a roundup of some earnings after the bell, including: Expedia, Block, Western Digital, Sandisk
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- SpaceX (SPCX) shares fell after the company disclosed higher-than-expected spending on its artificial intelligence business. The company's capital expenditures soared to $28.5 billion in the first half of the year, with the vast majority of expenditures steered toward AI. SpaceX generated $3.38 billion in revenue from artificial intelligence during the first six months of the year, less than half what its connectivity business brought in during that span.

- New York Times (NYT) shares fall as much as 15%, the biggest intraday drop since February, after the news company reported higher than expected operating expenses.

- Booking (BKNG) shares are up 5.5% in extended trading after the online travel agency reported gross bookings for the second quarter that beat the average analyst estimate. The company said healthy global travel trends continued into the third quarter despite the ongoing conflict in the Middle East.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
SpaceX (SPCX) shares fell after the company disclosed higher-than-expected spending on its artificial intelligence business. The company’s capital expenditures soared to $28.5 billion in the first half of the year, with the vast majority of expenditures steered toward AI. SpaceX generated $3.38 billion in revenue from artificial intelligence during the first six months of the year, less than half what its connectivity business brought in during that span.
Eli Lilly (LLY) shares jump. Eli Lilly & Co. boosted its 2026 sales guidance after its weight-loss drug franchise performed far better than expected in the second quarter. Sales for the year are forecast to be between $85 billion and $87 billion, with second-quarter adjusted earnings and revenue beating Wall Street estimates.
Davita (DVA) shares slide. The kidney dialysis center operator reported weaker-than-expected US dialysis revenue. The firm also reaffirmed its full-year guidance, with the midpoint of the guidance fell below Wall Street’s expectations.
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On this episode of Stock Movers:
Advanced Micro Devices (AMD) shares slide. AMD fell after the company gave an underwhelming sales outlook, a sign shareholders expected more of a return from the global expansion of AI data centers. Third-quarter revenue will be $13 billion, plus or minus $300 million, according to the chipmaker, though some Wall Street estimates were well north of $13 billion.
SpaceX (SPCX) shares fell after the company disclosed higher-than-expected spending on its artificial intelligence business. The company’s capital expenditures soared to $28.5 billion in the first half of the year, with the vast majority of expenditures steered toward AI. SpaceX generated $3.38 billion in revenue from artificial intelligence during the first six months of the year, less than half what its connectivity business brought in during that span.
Eli Lilly (LLY) shares jump. Eli Lilly & Co. boosted its 2026 sales guidance after its weight-loss drug franchise performed far better than expected in the second quarter. Sales for the year are forecast to be between $85 billion and $87 billion, with second-quarter adjusted earnings and revenue beating Wall Street estimates.
See omnystudio.com/listener for privacy information.