Stock Movers

Today's biggest winners and losers in the stock market.
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, Isabelle Lee, Carol Massar and Tim Stenovec

- CoreWeave (CRWV) surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”. CoreWeave raised its revenue outlook to a range of $12.4 billion to $13.2 billion for the full year, and its shares soared as much as 23% to $111.05 after markets opened in New York on Wednesday.

- Home Depot (HD) shares fell after the company announced that Chair, President and CEO Ted Decker will take a temporary medical leave of absence. During Decker's absence, Senior Executive Vice President Ann-Marie Campbell will oversee day-to-day operations and Executive Vice President and Chief Financial Officer Richard McPhail will oversee financial management. Home Depot expects Decker to return within the next few months, and the company's leadership expressed confidence in the interim leadership plan.

- United States Antimony (UAMY) shares are dipping after the company posted second-quarter results that missed analyst estimates and cut its full-year revenue outlook in half. The company's earnings per share was breakeven, falling short of the one-cent figure analysts had forecast, and revenue totaled approximately $7.93 million for the quarter.
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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:

- CoreWeave (CRWV) surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”. CoreWeave raised its revenue outlook to a range of $12.4 billion to $13.2 billion for the full year, and its shares soared as much as 23% to $111.05 after markets opened in New York on Wednesday.

- Cava Group (CAVA) sales rose faster than expected due to increased traffic and customers buying higher-priced proteins and extras such as pita chips. Sales slowed at the end of the second quarter due to reports of a parasitic outbreak, but trends have since improved each week with comparable sales back to mid-single-digit growth.

-Wendy’s (WEN) shares jump as much as 13% after a Financial Times report that Nelson Peltz’s Trian Fund Management is laying the groundwork for a take-private bid for the US fast-food chain, with backing from a consortium of investors including BlueFive Capital.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- CoreWeave (CRWV) surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”.

- Cava Group (CAVA) shares rose faster than expected due to increased traffic and customers buying higher-priced proteins and extras such as pita chips. Sales slowed at the end of the second quarter due to reports of a parasitic outbreak, but trends have since improved each week with comparable sales back to mid-single-digit growth.

- Super Micro Computer (SMCI) shares jumped after the company gave a revenue forecast for the current quarter that topped analysts’ estimates, a sign the booming artificial intelligence market continues to bolster sales of the company’s servers. Revenue will be $14.5 billion to $15.5 billion in the period ending in September, and profit, excluding some items, will be $1.01 to $1.10 a share, the company said.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:

- CoreWeave (CRWV) surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”.

- Super Micro Computer (SMCI) shares jumped after the company gave a revenue forecast for the current quarter that topped analysts’ estimates, a sign the booming artificial intelligence market continues to bolster sales of the company’s servers. Revenue will be $14.5 billion to $15.5 billion in the period ending in September, and profit, excluding some items, will be $1.01 to $1.10 a share, the company said.

- Lumentum (LITE) shares gain. Analysts are positive on the maker of optical equipment after it reported fourth-quarter results that beat expectations and gave an outlook above analyst consensus. The stock has more than doubled this year and is up near 36% off the low it hit in late July.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:
- Cava (CAVA) is also risijng this morning as sales jumped with Americans flocking to Pita Chips, Salmon, and other Mediterranean-diet oriented foods.
- Super Micro (SMCI) is giving a sales outlook that topped even the rosiest projections. That along with Coreweave's report is sending markets higher.
- CoreWeave (CRWV) is soaring after booming AI demand bolstered the company's revenue outlook. Nebius (NBIS) is also up this morning with earnings coming out.
See omnystudio.com/listener for privacy information.