Nvidia Sinks, Super Micro Declines, CoreWeave Falls

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 sank 5% as Chief Executive Officer Jensen Huang was ousted. The US is probing Alice Huang over whether entities linked to her were involved in efforts to smuggle products made by Super Micro Computer Inc. to China. Nvidia's board is counting on Colette Kress to steady the ship as interim CEO while it hunts for someone to permanently replace Huang.- Super Micro Computer (SMCI) shares are down 13% on Thursday, after Semafor reported that the Department of Justice is probing the company, along with Nvidia and Megaspeed.- Cisco Systems (CSCO) shares jumped after market close Thursday as its fiscal first quarter marked the strongest revenue and earnings growth rates in more than 15 years. The company's adjusted earnings per share increased to $1.40 for the quarter ended Oct. 24 from $1 a year ago, and overall revenue jumped 24% to $18.52 billion. Cisco raised its adjusted EPS guidance to between $5.47 and $5.53 for fiscal 2027, and revenue is now projected at $74.8 billion to $75.8 billion.See omnystudio.com/listener for privacy information.

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, Tim Stenovec, Carol Massar- Shares of AMD and Broadcom (AVGO) rose on Thursday, with both stocks trading above their 50-day moving averages intraday. NVIDIA peers are in focus after the company announced the resignation of CEO Jensen Huang. William Blair upgraded AMD to Outperform, citing opportunity amid uncertainty surrounding Nvidia’s management transition.- Cerebras Systems (CBRS) gave a sales forecast for the current quarter that exceeded analysts’ estimates, signaling that a push to challenge Nvidia Corp. in AI chips is paying off. Revenue will be roughly $320 million in the fourth quarter, Cerebras said in a statement Thursday. That topped the $271.2 million average analyst estimate, according to data compiled by Bloomberg. Shares of the company rose about 10% in late trading after the report was released. They had been down 47% this year through the close.- Cisco Systems (CSCO) shares are up 5.5% in extended trading, after the maker of networking equipment raised its full-year forecast, a reflection of strong AI-related demand. It also reported first-quarter results that beat expectations.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:- Nvidia (NVDA) stock sank 5% as Chief Executive Officer Jensen Huang was ousted. The US is probing Alice Huang over whether entities linked to her were involved in efforts to smuggle products made by Super Micro Computer Inc. to China. Nvidia's board is counting on Colette Kress to steady the ship as interim CEO while it hunts for someone to permanently replace Huang.- Super Micro Computer (SMCI) shares are down 13% on Thursday, after Semafor reported that the Department of Justice is probing the company, along with Nvidia and Megaspeed. - CoreWeave (CRWV) bonds edged higher on Thursday after the company's stronger-than-expected results soothed concerns about its debt load. The cost of protecting the company's debt against default fell, a sign of credit fears easing a bit, with the price of default protection among the biggest decliners in the CDX high-yield index. CoreWeave's projected revenue topped its previous range and beat Wall Street estimates, and the company plans to raise at least $4 billion through an investment-grade loan sale. Shares of the company fell about 7.6% on Thursday after soaring 25% during the previous session in the wake of its results.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:-SpaceX (SPCX) shares rise. Investors are currently buying instead of NVDA.- Alphabet (GOOGL) shares gain. Alphabet Inc. raised almost $4 billion-equivalent of funds in Asia through inaugural Hong Kong- and Singapore-dollar bond sales, testing investor appetite at a time of increasing volatility for companies focused on artificial intelligence.- Coreweave (CRWV) shares fall after several companies with ties to Nvidia dropped as investors wondered what Huang's exit means for the artificial-intelligence trade.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Coreweave (CRWV) shares fall after several companies with ties to Nvidia dropped as investors wondered what Huang's exit means for the artificial-intelligence trade.- SanDisk (SNDK) shares fall after several companies with ties to Nvidia dropped as investors wondered what Huang's exit means for the artificial-intelligence trade.- Broadcom (AVGO) shares fall after several companies with ties to Nvidia dropped as investors wondered what Huang's exit means for the artificial-intelligence trade.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 Corp. (NVDA) fell as much as 8.1% in premarket trading following reports the AI chipmaker’s board is working with an outside firm to identify potential replacements for Chief Executive Officer Jensen Huang. The move follows reports of extramarital affairs, including with an alleged Chinese spy. Wall Street sentiment toward Nvidia is starting to crack. At least four analysts have downgraded their ratings on the stock since Huang admitted over the weekend that he had an extramarital affair.- Some chipmakers and neoclouds are being dragged in the same direction, though Nvidia competitors such as Advanced Micro Devices (AMD) and Broadcom (AVGO) move higher as markets weigh CEO Jensen Huang's fate.See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Siemens raised its medium-term targets thanks to record orders, with growth expected to be underpinned by the data center buildout, industrial AI and factory automation. The shares rose as much as 5.2% in early Frankfurt trading. - Burberry's effort to lower prices and target aspirational shoppers looking to enter the luxury market is paying off, with growth in China bucking a wider industry slowdown. Shares rose as much as 9.6% - B&M shares gain as much as 20%, the biggest intraday advance since the discount retailer listed in London 12 years ago, after a trading performance Jefferies describes as “impressive.”See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers:- Siemens raised its medium-term targets thanks to record orders, with growth expected to be underpinned by the data center buildout, industrial AI and factory automation. The shares rose as much as 5.2% in early Frankfurt trading. - Burberry's effort to lower prices and target aspirational shoppers looking to enter the luxury market is paying off, with growth in China bucking a wider industry slowdown. Shares rose as much as 9.6% - Dr. Martens's sales slumped as unusually hot summer weather hit demand for its signature boots, triggering a share plunge.See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers:- Asian Nvidia supplier shares slide after the Wall Street Journal reported that the US chipmaker’s board is preparing to oust Chief Executive Officer Jensen Huang following multiple extramarital affairs. Among Taiwan’s Nvidia suppliers, TSMC closes 2.3% lower. - Chinese AI stocks drop on concerns that hyperscalers’ access to advanced chips might be affected as the US steps up scrutiny over semiconductor exports amid the uncertainties surrounding Nvidia. Z.AI falls as much 4.9%. - Nvidia partner Hon Hai posted a quarterly profit that beat analysts’ estimates, driven by the AI boom and strong consumer demand for the $2,000 iPhone Duo. Shares fell as much as 1.2%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:- CoreWeave (CRWV) shares jumped after the company eased fears about its debt-laden business and signaled strong sales growth despite headwinds facing the data center boom. The company projected revenue of $13 billion to $13.3 billion this year and expects to take out another loan soon that will carry an investment-grade rating. CoreWeave reported third-quarter sales of $3.66 billion and a backlog of $132.5 billion at the end of the quarter, with Chief Executive Officer Michael Intrator saying the company is executing the right way and poised to be net income positive in 2028.- IHeartMedia (IHRT) is exploring the sale of part or potentially all of its podcast business to raise cash and boost its struggling stock price, according to people familiar with the matter. A spokesperson for iHeart said the company’s plans do not involve a sale of the business, and that podcasting is a core strategic growth engine for the company. The podcast unit reported revenue of $174 million for the third quarter, up 24% compared to the previous year, and represented 17% of total revenue in the quarter.- Nvidia (NVDA) shares are down more than 3% in extended trading following a New York Times report that Chief Executive Officer Jensen Huang is said to have a relationship with an Nvidia executive who reports to him.See omnystudio.com/listener for privacy information.