Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of CoreWeave (CRWV) rallied during premarket trading after the cloud-computing provider boosts its annual revenue forecast. Analysts said the results ease worries about the company’s financing, although concerns remain. The AI computing provider projected revenue of $13 billion to $13.3 billion this year. That exceeded its previous range of up to $13.2 billion and sailed past the $12.9 billion that Wall Street had predicted.
- AI infrastructure stocks are rallying ahead of the US market open after CoreWeave eased fears about its debt-laden business and reports on Anthropic and OpenAI lifted sentiment across the sector. Shares of Nebius (NBIS), Applied Digital (APLD), and Oracle (ORCL) are all moving higher in early trading.
- Shares of Nvidia (NVDA) are outperforming Magnificent 7 peers in the early session after tumbling almost 10% this week, erasing more than $400 billion in the period. Meanwhile, Nvidia's investigation of CEO Jensen Huang’s affair with an alleged Chinese spy is raising questions about the company’s future ahead of earnings next week.