Today's biggest winners and losers in the stock market.
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, Katie Greifeld, Carol Massar and Tim Stenovec.
- Intel (INTC) shares rallied on Friday after the Wall Street Journal said the company reached a preliminary agreement with Apple to manufacture some of the chips in its devices.
- Monster Beverage (MNST) rallied in trading on Friday after the drinks company reported first-quarter adjusted earnings per share that beat the average analyst estimate, while JPMorgan raised its price target.
- CoreWeave (CRWV) shares dropped after the AI data center operator gave a disappointing forecast for the current quarter, sparking concerns about slowing growth at a time when the company is spending heavily to bolster its operations. Revenue for the second quarter will range from $2.45 billion to $2.6 billion, the company said Thursday during its quarterly earnings call. That fell short of the $2.7 billion average estimate of analysts, according to data compiled by Bloomberg. Shares of CoreWeave tumbled in New York on Friday, dropping as much as 11%. The shares have gained about 61% this year.