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, Sonali Basak, Carol Massar and Matt Miller.

- Super Micro (SMCI) shares dropped after lowering its fiscal year sales forecast, suggesting the company continues to face uneven uptake of powerful AI servers amid a shift to products based on new Nvidia Corp. chips. The company said Tuesday that revenue in the year ending in June 2026 will be at least $33 billion. In February, Super Micro offered a bullish long-term outlook because of demand for AI products, saying sales will be $40 billion — then almost twice as much as analysts’ estimates for the current fiscal year.

- Rivian (RIVN) forecast a larger adjusted loss this year than the electric vehicle maker expected previously, citing recent changes to stringent fuel economy rules in the US that threaten a key source of revenue. The adjusted loss before interest, taxes, depreciation and amortization this year will be $2 billion to $2.25 billion, the company said Tuesday. It had previously forecast a loss of no more than $1.9 billion by that measure, while Wall Street analysts had expected about $1.8 billion on average. Shares slid in the aftermarket.

- Axon (AXON) shares soared in trading today and hit a record intraday high after the maker of Tasers and other public safety equipment reported second-quarter earnings per share that topped expectations. Analysts also noted strong bookings for the company’s AI plan.

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, Sonali Basak, Carol Massar and Matt Miller. - Super Micro (SMCI) shares dropped after lowering its fiscal year sales forecast, suggesting the company continues to face uneven uptake of powerful AI servers amid a shift to products based on new Nvidia Corp. chips. The company said Tuesday that revenue in the year ending in June 2026 will be at least $33 billion. In February, Super Micro offered a bullish long-term outlook because of demand for AI products, saying sales will be $40 billion &mdash; then almost twice as much as analysts&rsquo; estimates for the current fiscal year. - Rivian (RIVN) forecast a larger adjusted loss this year than the electric vehicle maker expected previously, citing recent changes to stringent fuel economy rules in the US that threaten a key source of revenue. The adjusted loss before interest, taxes, depreciation and amortization this year will be $2 billion to $2.25 billion, the company said Tuesday. It had previously forecast a loss of no more than $1.9 billion by that measure, while Wall Street analysts had expected about $1.8 billion on average. Shares slid in the aftermarket. - Axon (AXON) shares soared in trading today and hit a record intraday high after the maker of Tasers and other public safety equipment reported second-quarter earnings per share that topped expectations. Analysts also noted strong bookings for the company&rsquo;s AI plan.

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Stock Movers

Closing Bell: Super Micro Reports Lackluster Sales, Rivian Falls, Axon Soars

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fd93c17c-a4ce-442c-89f7-b33001555b77/transcript

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