On this episode of Stock Movers:
- AMD (AMD) shares soared to new heights after a flood of data center spending bolstered its sales forecast. AMD gave robust predictions for its longer-term growth, sending the shares up 20% in New York on Wednesday, their biggest gain since October.
- Walt Disney (DIS) shares rise. Walt Disney Co. posted stronger results than Wall Street expected thanks to improved profitability at its streaming business and guests spending more at the company’s resorts and on cruises. Operating income at all three of Disney’s divisions beat analysts’ expectations, and the company expects earnings per share to grow 12% this fiscal year.
- CVS Health (CVS) shares gain. CVS raised its earnings outlook for the year after profit and revenue in the first quarter exceeded analyst expectations. Company increased its outlook for 2026 adjusted earnings to $7.30 to $7.50 a share, which is above Wall Street estimates.