Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- CoreWeave (CRWV) surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”.
- Cava Group (CAVA) shares rose faster than expected due to increased traffic and customers buying higher-priced proteins and extras such as pita chips. Sales slowed at the end of the second quarter due to reports of a parasitic outbreak, but trends have since improved each week with comparable sales back to mid-single-digit growth.
- Super Micro Computer (SMCI) shares jumped after the company gave a revenue forecast for the current quarter that topped analysts’ estimates, a sign the booming artificial intelligence market continues to bolster sales of the company’s servers. Revenue will be $14.5 billion to $15.5 billion in the period ending in September, and profit, excluding some items, will be $1.01 to $1.10 a share, the company said.

Cisco Gains, Cerebras Declines, Virgin Galactic Falls
04:55

Closing Bell: CoreWeave Surges, Home Depot Lags, US Antimony Declines
06:16

CoreWeave Surged, Cava Jumps, Wendy's Gains
04:57