Stock Movers

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.
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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.
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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.