Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Corning Inc (GLW) is rising this morning on news Nvidia bought $500 million worth of rights for shares in the fiber-optic cable maker as part of a broader partnership between the two companies aimed at expanding AI infrastructure.
- Disney (DIS) shares are higher this morning after the company posted stronger results than Wall Street expected thanks to improved profitability at its streaming business and guests spending more at the company’s resorts and on cruises.
- Advanced Micro Devices (AMD) soared to new heights in early trading after a flood of data center spending bolstered its sales forecast. AMD gave robust predictions for its longer-term growth, sending the shares up 19% in premarket trading, and it’s poised to hit a record high if the gains extend into regular trading.