Stock Movers

On this episode of Stock Movers:
- Birkenstock (BIRK) shares closed down on the day after the footwear maker reported revenue and operating profit for the second quarter that missed consensus estimates. The war in the Middle East negatively impacted EMEA revenue by about €6 million and caused an estimated 300 basis-point headwind to the region’s growth in the quarter, the company said.
- Cisco (CSCO) delivered a better-than-anticipated forecast while also announcing plans to cut thousands of jobs, a move it said would help the company focus on a fast-growing AI market. The company’s restructuring plan will affect fewer than 4,000 jobs, or less than 5% of the total employee base, Chief Executive Officer Chuck Robbins said in a separate blog post. Cisco’s shares soared on the news, climbing as much as 16% in late trading. The stock had increased 32% this year through the close.
- Wix (WIX) shares dropped in trading on Wednesday, after the web-platform company reported first-quarter results that analysts view as disappointing.
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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, Katie Greifeld, Carol Massar and Tim Stenovec.
- Ford (F) stock surged Wednesday after Morgan Stanley issued a bullish call that the automaker’s energy storage business could soon make a deal with hyperscalers. Shares climbed 13%, cementing the stock’s biggest one-day gain since March 2020, and helping it turn positive for the year. “We believe that there is a fairly high likelihood that Ford signs an Energy Storage System supply agreement with large commercial customers, and potentially hyperscalers, over the next few months,” Morgan Stanley analyst Andrew Percoco said.
- Nvidia (NVDA) co-founder Jensen Huang joined US President Donald Trump on his visit to China as a last-minute addition, thrusting AI and technology into the spotlight before a high-stakes Beijing summit. Huang is among several US business leaders including Apple Inc.’s Tim Cook and Tesla Inc.’s Elon Musk on Trump’s first overseas trip since waging war in the Middle East — a 36-hour visit with Xi Jinping that’s expected to encompass the war, tariffs and the self-ruled island of Taiwan. The list of attendees until Tuesday had not included Huang, whose company makes the chips at the heart of the AI boom and has been pushing for greater leeway in a market he’s identified as a $50 billion opportunity. It’s unclear whether Trump will raise with Xi any concerns that relate specifically to Nvidia. Regardless, shares of Nvidia, as well as shares of other chipmakers rallied in trading on Wednesday.
- Cisco (CSCO) delivered a better-than-anticipated forecast while also announcing plans to cut thousands of jobs, a move it said would help the company focus on a fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the period, which runs through July, the company said in a statement Wednesday. Excluding some items, earnings will be roughly $1.16 to $1.18 a share. Analysts estimated sales of $15.8 billion and profit of $1.07 a share, according to data compiled by Bloomberg. Cisco’s shares soared on the news, climbing as much as 16% in late trading. The stock had increased 32% this year through the close.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Ford (F) stock surged Wednesday after Morgan Stanley issued a bullish call that the automaker’s energy storage business could soon make a deal with hyperscalers. Shares climbed as much as 15% by 2:25 p.m. in New York, putting the stock on track for the biggest one-day gain since March 2020, and helping it turn positive for the year.
- ON Semi (ON) gained as part of a broader rally in chipmakers as supply for global memory chips, key to AI infrastructure build-outs, tightens further. This also comes ahead of Nvidia CEO Jensen Huang joining President Trump on his visit to China - giving the sector a further boost.
- Birkenstock (BIRK) shares traded lower after the footwear maker reported revenue and operating profit for the second quarter that missed consensus estimates. The war in the Middle East negatively impacted EMEA revenue by about €6 million and caused an estimated 300 basis-point headwind to the region’s growth in the quarter, the company said.
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On this episode of Stock Movers:
- Micron (MU) shares gain. Shares in chipmakers, opticals and storage firms gain as supply for global memory chips, key to AI infrastructure build-outs, tightens further. The sector is also getting a boost as Nvidia’s Jensen Huang joined President Donald Trump on his visit to China.
- Akamai (AKAM) shares gain after BofA upgraded the company to buy from neutral. “The story has shifted from a legacy delivery network to a credible AI infrastructure platform,” and “large cloud infrastructure wins, including a $1.8bn, 7 year deal, signal real demand for distributed AI, not just narrative,” writes analyst Tal Liani.
- Trade Desk (TTD) shares fall after HSBC analyst Mohammed Khallouf cut his recommendation to reduce from hold, following the advertising-technology company’s disappointing earnings report issued after market close on May 7. Executives guided for for the slowest pace of revenue growth since its 2016 listing, Khallouf notes.
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On this episode of Stock Movers:
- Nvidia (NVDA) shares rise. An upcoming meeting between US President Donald Trump and Chinese President Xi Jinping could impact stocks that have been setting records. Nvidia CEO Jensen Huang joins Trump on his trip. US investors seem largely unperturbed ahead of the talks, with the S&P 500 Index projected to move about 0.7% on each of the meeting days.
- Wix.com (WIX) slumps. The web-platform company reported first-quarter results that analysts view as disappointing. The company maintains previous full year 2026 outlook and continues to expect both bookings and revenue to grow at mid-teens percentage on a year-over-year basis.
- Birkenstock (BIRK) shares slide. The footwear maker reported revenue and operating profit for the second quarter that missed consensus estimates. The war in the Middle East negatively impacted EMEA revenue by about €6 million and caused an estimated 300 basis-point headwind to the region’s growth in the quarter, the company said.
See omnystudio.com/listener for privacy information.