AI-Related Stocks Plunge, AppLovin Gains

 

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

On this episode of Stock Movers:

- A post-election slide in chipmakers snowballed as investors bailed from technology shares on speculation that congressional Democrats will clamp down on the artificial-intelligence industry. Shares of memory chip supplier Sandisk (SNDK) fell nearly 18% as of 3pm New York time. CoreWeave (CRWV) shares fell fell nearly 20%. 

- AppLovin (APP) shares are still rallying after the mobile-app marketing company delivered results that beat expectations and gave an outlook above the analyst consensus estimate after the close of trading on Wednesday. 

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