Cerebras Soars, Cisco Falls, Applied Materials Ticks Higher

Today’s biggest winners and losers in the stock market, a look at the notable movers:  On this episode of Stock Movers:  - Nvidia (NVDA) stock had its worst week in more than 18 months, with its share price falling 13% over the last five trading days. The stock’s losses erased more than $570 billion in market value, a loss greater than the market value of 96% of stocks in the S&P 500. At least 13 analysts covering Nvidia have downgraded shares this month, with 15 hold ratings, as Wall Street analysts have shifted to wait-and-see mode in the wake of the scandal.  - A global outage has hit Microsoft’s (MSFT) Outlook, Teams, and Copilot AI assistant, impacting users across more than 70 countries. The stock was down Friday, on track for its third fall of 2% or more in the past four trading days. Engineers have been working to fix the problem for more than 15 hours, with the company reporting “early stabilization” and capacity improvements in its most recent update.  - CoreWeave (CRWV) is in talks with banks to raise at least $4 billion through an investment-grade loan to help the company borrow more cheaply to finance its artificial intelligence chip capacity. The loan will be backed by a contract with Meta Platforms Inc. and may be sold at a yield of 7% to 7.5%, which is about half the yield on where its junk bonds currently trade. The new loan will have a six-year maturity and requires the borrower to pay down at least some of the debt during that time, and will be secured by the GPUs involved in the Meta contract as well as other assets.See omnystudio.com/listener for privacy information.

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 Vonnie Quinn, Bailey Lipschultz, Carol Massar and Tim Stenovec. - Cerebras (CBRS)  shares jumped by the most in five months after the company gave a sales forecast for the current quarter that exceeded analysts’ estimates, signaling that a push to challenge Nvidia Corp. in artificial intelligence chips is paying off.  - Nvidia (NVDA) stock notched its worst week in more than 18 months, as its share price continued to reel after Jensen Huang’s ouster from the top chipmaker. In this week’s tumble, Nvidia shares erased more than $570 billion in market value, a loss that is greater than the market value of 96% of stocks in the S&P 500. - Shares of chip and AI-related stocks were dragged down as Nvidia's leadership turmoil ripples through the tech sector. AMD, Marvell Technologies and Broadcom all saw declines in trading on Friday. A gauge of chipmakers, the Philadelphia Semiconductor Index (SOX) also fell. See omnystudio.com/listener for privacy information.

Today's biggest gainers and decliners in the stock market.  On this episode: - Nvidia (NVDA) stock is on track to notch its worst week in more than 18 months, as its share price continues to reel after Jensen Huang’s ouster from the top chipmaker. The stock fell as much as 4.7% Friday, extending weekly losses to about 14% and putting it on track for the worst week since April 2025, when President Donald Trump unveiled a sweeping set of tariffs that roiled equities around the world. -  Cerebras (CBRS) shares jumped by the most in five months after the company gave a sales forecast for the current quarter that exceeded analysts’ estimates, signaling that a push to challenge Nvidia Corp. in artificial intelligence chips is paying off.  - Cisco (CSCO) shares fell after the networking gear maker reported a 21% rise in product orders in fiscal 1Q, missing expectations and marking a slowdown from the previous period. Gross margins are seen coming under pressure in the next few quarters as revenue has become more reliant on AI hyperscalers.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: -Strategy (MSTR) shares drop as MSCI Inc. is dropping the Bitcoin treasury firm from its global equity benchmarks effective Nov. 30. -Cerebras Systems (CBRS) shares jumped by the most in five months after the company gave a sales forecast for the current quarter that exceeded analysts’ estimates, signaling that a push to challenge Nvidia Corp. in artificial intelligence chips is paying off.  -Modine Manufacturing (MOD) shares surge. Samsung Electronics Co. is in talks to acquire Modine Manufacturing Co., a maker of cooling systems for data centers, according to people familiar with the matter.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Nvidia (NVDA) shares drop, returning to levels last seen in June 2025. Jensen Huang had resigned as president, chief executive and board member, effective immediately. - Microsoft (MSFT) shares are down. Microsoft Corp. said it was making progress in efforts to restore access to its flagship software and end an outage that has paralyzed government offices, traders and businesses globally. - Cisco (CSCO) shares fall after the networking gear maker reported a 21% rise in product orders in fiscal 1Q, missing expectations and marking a slowdown from the previous period. Gross margins are seen coming under pressure in the next few quarters as revenue has become more reliant on AI hyperscalers.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 Cerebras Systems (CBRS) soared ahead of the US market open after the chipmaker gave a sales guidance well above estimates, while unveiling new deals with Oracle and Microsoft. A key investor concern is a rollout delay in the firm’s contract with OpenAI. The company said on an earnings call that it cannot find enough cloud capacity and is running behind schedule, but rumors that Cerebras can’t support OpenAI models due to technical reasons are “false” and it should be back on track in 2H of next year. - Shares of Cisco Systems (CSCO) declined in the early session after the networking gear maker reported a 21% rise in product orders in fiscal 1Q, missing expectations and marking a slowdown from the previous period. Gross margins are seen coming under pressure in the next few quarters as revenue has become more reliant on AI hyperscalers. - Shares of Applied Materials (AMAT) inched higher after the company reported fourth-quarter results that beat expectations and gave an outlook for adjusted first-quarter earnings that is stronger than expected. The view for revenue is above the consensus at the midpoint of the range.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) are moving higher in premarket trading as markets weigh the Magnificent Seven powerhouse's future under new interim CEO Colette Kress. Nvidia said Thursday that Huang will no longer have ties with the chipmaker. The board, which has never had a chair before, appointed director Harvey Jones to that role.- Shares of Cerebras Systems (CBRS) soared ahead of the US market open after the chipmaker gave a sales guidance well above estimates, while unveiling new deals with Oracle and Microsoft. A key investor concern is a rollout delay in the firm’s contract with OpenAI. The company said on an earnings call that it cannot find enough cloud capacity and is running behind schedule, but rumors that Cerebras can’t support OpenAI models due to technical reasons are “false” and it should be back on track in 2H of next year.- Shares of Cisco Systems (CSCO) declined in the early session after the networking gear maker reported a 21% rise in product orders in fiscal 1Q, missing expectations and marking a slowdown from the previous period. Gross margins are seen coming under pressure in the next few quarters as revenue has become more reliant on AI hyperscalers.See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.- Richemont fell as much as 9%, the biggest drop since April 2025, after results in its jewelry division missed consensus expectations for the second quarter. Jewelry remains the main driver of the group’s growth, analysts at Jefferies said.- Wise Group shares advance as much as 9.8%, the most since June, after the UK fintech said it’s reached an agreement with prosecutors in Belgium over concerns of alleged money laundering, without admitting wrongdoing.- CTS Eventim shares gain as much as 3.3% after third-quarter results, with Citi saying resilient Ticketing performance was offset by weaker-than-expected Live Entertainment.See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.- Richemont fell as much as 9%, the biggest drop since April 2025, after results in its jewelry division missed consensus expectations for the second quarter. Jewelry remains the main driver of the group’s growth, analysts at Jefferies said. - Wise Group shares advance as much as 9.8%, the most since June, after the UK fintech said it’s reached an agreement with prosecutors in Belgium over concerns of alleged money laundering, without admitting wrongdoing.- DFS Furniture says upholstery market demand softened further over the seven weeks since its full-year results, reflecting continued pressure on household budgets and reduced consumer confidence, according to a statement. Shares fell as much as 9.7%See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.- Taiwan’s Taiex index rises as much as 3.2% as the tech-heavy market tracks a regional rally while Nvidia CEO Jensen Huang’s resignation removes some uncertainties. MediaTek climbed as much as 10%.- Chinese artificial intelligence stocks tumbled on concerns that cloud operators’ access to advanced chips may face tighter US scrutiny amid the escalating espionage and leadership controversy surrounding Nvidia. Alibaba slumped as much as 7.3%, dragging the Hang Seng Tech Index lower.- Japanese defense stocks such as IHI and Kawasaki Heavy Industries declined on a report that the government plans a ¥50t to ¥60t target range for defense spending over the next five years. IHI shares fell as much as 8.4%.See omnystudio.com/listener for privacy information.