On this episode of Stock Movers:

- Micron (MU) and Sandisk (SNDK) shares sink amid weakness in the memory sector. A global selloff in the shares of chipmakers dragged US indexes sharply lower amid doubts about the sustainability of the AI-fueled tech rally.

- Fedex shares (FDX) fall ahead of earnings. Investors are waiting to hear management’s expectations for the company’s slimmed-down core parcel business following the spinoff of its freight unit earlier this month.

- Best Buy (BBY) shares slip  after the company said Matt Bilunas will step down as CFO and depart the retailer at the end of July after 20 years, including seven years as CFO.

On this episode of Stock Movers:
- Micron (MU) and Sandisk (SNDK) shares sink amid weakness in the memory sector. A global selloff in the shares of chipmakers dragged US indexes sharply lower amid doubts about the sustainability of the AI-fueled tech rally.
- Fedex shares (FDX) fall ahead of earnings. Investors are waiting to hear management&rsquo;s expectations for the company&rsquo;s slimmed-down core parcel business following the spinoff of its freight unit earlier this month.
- Best Buy (BBY) shares slip &nbsp;after the company said Matt Bilunas will step down as CFO and depart the retailer at the end of July after 20 years, including seven years as CFO.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. 

Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Chipmakers, FedEx, Best Buy Fall

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f800f02a-603b-4e1b-b043-b472013c00a9/transcript

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, Isabelle Lee, Carol Massar and Tim Stenovec

- IBM (IBM) shares gained after the company announced it has joined the OpenAI Daybreak Cyber Partner Program. 

- Avis (CAR) shares ended the day higher as the rental company is set to receive $650 million in cash as part of a settlement agreement with Pentwater Capital Management to resolve a lawsuit regarding short-swing profits, according to a filing.

- The Philadelphia Semiconductor Index (SOX) plunged 7.9% as semiconductor companies were hit with doubts about the sustainability of the AI-driven rally.

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, Isabelle Lee, Carol Massar and Tim Stenovec
- IBM (IBM) shares gained after the company announced it has joined the OpenAI Daybreak Cyber Partner Program.&nbsp;
- Avis (CAR) shares ended the day higher as the rental company is set to receive $650 million in cash as part of a settlement agreement with Pentwater Capital Management to resolve a lawsuit regarding short-swing profits, according to a filing.
- The Philadelphia Semiconductor Index (SOX) plunged 7.9% as semiconductor companies were hit with doubts about the sustainability of the AI-driven rally.
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Closing Bell: IBM Gains, SOX falls

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/66edf4f8-cecf-40cb-b72e-b472015d9729/transcript

On this episode of Stock Movers:
- SpaceX (SPCX) shares fluctuated at the open Tuesday, after a three-day selloff that wiped off more than $600 billion from the Elon Musk-led rocket and satellite company’s market value. The stock fell as much as 3.9%, briefly dipping below the $150 level at which it opened during its trading debut earlier this month. 
- IBM (IBM) shares gain. IBM resisted a broad tech selloff after a Wall Street upgrade. Morgan Stanley analyst Erik Woodring raised the target on International Business Machines Corp. to $267 from $225. Maintains equal-weight rating.
- Carnival (CCL) shares slump as much as 11% on Tuesday after the cruise operator’s third-quarter adjusted earnings per share forecast missed the consensus estimate. Travel stocks including Carnival were trading lower before the results as the broader market was weighed down by a selloff in Korean chipmakers that stoked concerns about the sustainability of the artificial- intelligence driven rally.

On this episode of Stock Movers: - SpaceX (SPCX) shares fluctuated at the open Tuesday, after a three-day selloff that wiped off more than $600 billion from the Elon Musk-led rocket and satellite company&rsquo;s market value. The stock fell as much as 3.9%, briefly dipping below the $150 level at which it opened during its trading debut earlier this month. - IBM (IBM) shares gain. IBM resisted a broad tech selloff after a Wall Street upgrade. Morgan Stanley analyst Erik Woodring raised the target on International Business Machines Corp. to $267 from $225. Maintains equal-weight rating. - Carnival (CCL) shares slump as much as 11% on Tuesday after the cruise operator&rsquo;s third-quarter adjusted earnings per share forecast missed the consensus estimate. Travel stocks including Carnival were trading lower before the results as the broader market was weighed down by a selloff in Korean chipmakers that stoked concerns about the sustainability of the artificial- intelligence driven rally.

SpaceX Down, IBM Gains, Carnival Drops as Forecast Misses Estimates

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5507017e-b68a-409d-9aa4-b47200fb46d4/transcript

On this episode of Stock Movers:
- Nvidia (NVDA) shares are down. Super Micro Computer-backed Argentum AI has signed two major long-term AI infrastructure deals worth a total of $7.8b to deploy 47,000 Nvidia GB300 chips at a 300-megawatt data center in Poland, Barron’s reports, citing the company.
- AMC (AMC) shares tumble. The movie theater operator entered into a definitive agreement with institutional investors to sell 95.25 million shares of its common stock for gross proceeds of around $200 million.
- Carnival (CCL) shares slump as much as 11% on Tuesday after the cruise operator’s third-quarter adjusted earnings per share forecast missed the consensus estimate. Travel stocks including Carnival were trading lower before the results as the broader market was weighed down by a selloff in Korean chipmakers that stoked concerns about the sustainability of the artificial- intelligence driven rally.

On this episode of Stock Movers: - Nvidia (NVDA) shares are down. Super Micro Computer-backed Argentum AI has signed two major long-term AI infrastructure deals worth a total of $7.8b to deploy 47,000 Nvidia GB300 chips at a 300-megawatt data center in Poland, Barron&rsquo;s reports, citing the company. - AMC (AMC) shares tumble. The movie theater operator entered into a definitive agreement with institutional investors to sell 95.25 million shares of its common stock for gross proceeds of around $200 million. - Carnival (CCL) shares slump as much as 11% on Tuesday after the cruise operator&rsquo;s third-quarter adjusted earnings per share forecast missed the consensus estimate. Travel stocks including Carnival were trading lower before the results as the broader market was weighed down by a selloff in Korean chipmakers that stoked concerns about the sustainability of the artificial- intelligence driven rally.

Nvidia Down, AMC Tumbles, Carnival Falls on Weak 3Q Outlook

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a3b7ede6-6079-4396-ab2f-b47200f33ccc/transcript

Chipmakers, FedEx, Best Buy Fall

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