Closing Bell: Take-Two Gains on GTA Anticipation, Nvidia Falls, CoreWeave Beats on Revenue
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 Vonnie Quinn, Jess Menton, Carol Massar and Tim Stenovec.
- Take-Two Interactive Software (TTWO) shares gained as the video-game company gave an outlook that is seen as conservative ahead of the release of its highly anticipated Grand Theft Auto VI. Grand Theft Auto VI, which comes out Nov. 19, is widely expected to be one of the most lucrative entertainment releases ever. Pre-orders for the game have reached “unprecedented” levels and have exceeded expectations, Take-Two said in the earnings statement.
- Nvidia (NVDA) suffered more losses in trading today as the scandal embroiling its CEO Jensen Huang continued to develop. Bloomberg News reported earlier today that Nvidia’s independent board members tapped a former top federal prosecutor to help probe Huang’s relationship with a suspected Chinese spy. The matter has sent shares of Nvidia, once the world’s most valuable company, plummeting on speculation that Huang will have to step down or that the company will face greater regulatory or legislative scrutiny.
- CoreWeave (CRWV) topped analysts’ estimates with quarterly results and boosted its annual forecast, easing investor concerns about the debt-laden business suffering a slowdown. The results offer some solace to the battered neocloud industry, which provides computing power to AI developers. Though the company has been signing new customers and adding infrastructure, its rapid spending and heavy debt load have worried investors. Shares of CoreWeave rose about 5% in late trading Tuesday after the report was released. They were down 32% this year through the close.



