Stock Movers

Today's biggest winners and losers in the stock market, a look at the notable movers:

On this episode of Stock Movers:
- Alphabet (GOOGL) reported second-quarter cloud revenue that far surpassed Wall Street’s expectations and strong gains in users of its Gemini artificial intelligence system, offering fresh evidence that the company’s massive AI investments are beginning to pay off. The Google parent said cloud sales totaled $24.77 billion for the quarter ended June 30, a jump of 82% over the same period last year. That was better than the $22.46 billion that analysts expected, according to data compiled by Bloomberg. Monthly active users of its Gemini app reached 950 million, well above estimates of 920 million. Shares Fall 2% After 2Q Earnings Report

- Tesla's (TSLA) second-quarter earnings fell short of Wall Street's estimates, with adjusted earnings per share of 33 cents. The company reported negative free cash flow of $1.09 billion and operating costs that surged 47% to $4.35 billion. Revenue was $28.2 billion in the quarter, beating market expectations, with subscriptions for Full Self-Driving software rising to nearly 1.5 million. Shares fell 2.8%

- International Business Machines (IBM) cut its full-year sales outlook, including for its software unit, after reporting a dip in demand for its mainframe business. Revenue will increase 4% to 5% this year, down from a prior outlook of more than 5%, and software unit annual sales will gain 6% to 8%. IBM will accelerate cost-saving initiatives and continues to expect an additional $1 billion in free cash flow this year through reducing third-party tech spending and administrative costs. The shares rose about 3%
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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:

- AT&T shares are up after the telecom company reported second-quarter results that beat expectations on key metrics, including wireless postpaid phone net adds and adjusted earnings. AT&T reported 432,000 monthly phone net additions in the three months ended June 30, better than the 325,264 that Wall Street had projected. The shares were up about 5% in New York as trading got underway on Wednesday, helping pare losses for the year so far to 6.5%.

- Nike (NKE) shares are down 2.1% after the sportswear company announced that it plans to cut its e-commerce partnerships with Topsports, Pou Sheng and other websites in China beginning in January 2027. Nike’s online sales accounted for about 22% of Topsports’ total revenue in financial year ended Feb. 28

- Super Micro Computer (SMCI) shares rose as much as 25% after the server maker issued preliminary results saying its backlog hit a record on new orders in the quarter of more than $60 billion. Sales have surged for Super Micro’s servers fitted with Nvidia Corp. chips for artificial intelligence workloads. But the company has been working to get costs under control while vying with rivals to rapidly get those machines into customers’ hands and win business in a growing AI market.
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On this episode of Stock Movers:
- Reddit (RDDT) shares fall. The Wall Street Journal reported that the social forum company has discussed cutting off Google’s access to its content for AI use.
- GE Vernova (GEV) fall as much as 7.5% after the power equipment manufacturer raised a full-year revenue outlook by what Citi called a “relatively modest” amount and left an outlook for adjusted Ebitda margins unchanged, disappointing investors after a surge in the stock.
- Super Micro Computer (SMCI) shares rose after the server maker issued preliminary results saying its backlog hit a record on new orders in the quarter of more than $60 billion. Sales have surged for Super Micro’s servers fitted with Nvidia Corp. chips for artificial intelligence workloads.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
-Super Micro Computer (SMCI) shares rose after the server maker issued preliminary results saying its backlog hit a record on new orders in the quarter of more than $60 billion. Sales have surged for Super Micro’s servers fitted with Nvidia Corp. chips for artificial intelligence workloads.
- Pegasystems (PEGA) shares drop after the software company reported adjusted earnings per share for the second quarter that missed the average analyst estimate. The firm said its annual contract value (ACV) growth rate significantly slowed during the first half of the year as clients delayed purchasing decisions, and this trend may continue to adversely affect the ACV growth rate for the rest of the year.
- GE Vernova (GEV) fall as much as 7.5% after the power equipment manufacturer raised a full-year revenue outlook by what Citi called a “relatively modest” amount and left an outlook for adjusted Ebitda margins unchanged, disappointing investors after a surge in the stock.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Super Micro Computer (SMCI) shares jumped after the company issued a business update that included raising its fourth-quarter gross margins outlook and saying the backlog was at a record.
- AT&T (T) is gaining after the telecom company reported second-quarter results that beat expectations on key metrics, including wireless postpaid phone net adds and adjusted earnings.
- Reddit (RDDT) shares are lower after the Wall Street Journal reported that the social forum company has discussed cutting off Google’s access to its content for AI use.

See omnystudio.com/listener for privacy information.