Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Intel (INTC) surged in premarket trading and Apple (AAPL) shares are also moving on news the chipmaker will work alongside Apple to design and produce semiconductors domestically. President Trump made the announcement. The iPhone maker has held exploratory discussions about using Intel and Samsung to produce the main processors for its devices in the US.
- Smith and Wesson (SWBI) shares are rising this morning. The company had a profit of 36 cents a share on a comparable basis for the latest quarter, and sales of $178.4 million.
- Rumble (RUM) shares jumped after the online video network platform said it plans to operate two core business units: video platform Rumble and cloud and AI-infrastructure business Quake AI, formerly Northern Data.