Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- IREN (IREN) shares skyrocketed on reports that Nvidia (NVDA) is investing as much as $2.1 billion in the data center developer IREN Ltd. as part of a broader partnership between the two companies aimed at accelerating the construction of artificial intelligence infrastructure. IREN has agreed to issue Nvidia a five-year right to purchase as many as 30 million shares at an exercise price of $70, the companies said in a statement Thursday. IREN’s shares soared 21% to $69.29 in after-hours trading on Thursday. Nvidia’s stock was virtually unchanged. 

- Block (XYZ) shares surged after it raised its full-year profit forecast following AI-related job cuts announced earlier in the year. The Jack Dorsey co-founded payments company expects gross profit of $12.33 billion by the end of the year, Block said in a statement Thursday. That’s slightly higher than the $12.1 billion that analysts on average estimated. It also forecast adjusted operating income of $3.34 billion, higher than the $3.2 billion projected by analysts. Block’s shares had gained nearly 8% this year before the post-market release.

- Airbnb (ABNB) boosted its annual forecast on robust bookings in the major markets in the Americas, while it posted a big jump in spending as part of an effort to diversify the business. The short-term rental company said it expects annual revenue growth to “accelerate to low- to mid-teens.” In February, Airbnb told investors it anticipated annual sales would gain “at least low double digits.” Analysts, on average, projected a 12% jump, according to data compiled by Bloomberg. The shares gained about 1% in extended trading after closing at $140.46 in New York. The stock had been up about 3.5% this year.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- IREN (IREN) shares skyrocketed on reports that Nvidia (NVDA) is investing as much as $2.1 billion in the data center developer IREN Ltd. as part of a broader partnership between the two companies aimed at accelerating the construction of artificial intelligence infrastructure. IREN has agreed to issue Nvidia a five-year right to purchase as many as 30 million shares at an exercise price of $70, the companies said in a statement Thursday. IREN&rsquo;s shares soared 21% to $69.29 in after-hours trading on Thursday. Nvidia&rsquo;s stock was virtually unchanged.&nbsp;
- Block (XYZ) shares surged after it raised its full-year profit forecast following AI-related job cuts announced earlier in the year. The Jack Dorsey co-founded payments company expects gross profit of $12.33 billion by the end of the year, Block said in a statement Thursday. That&rsquo;s slightly higher than the $12.1 billion that analysts on average estimated. It also forecast adjusted operating income of $3.34 billion, higher than the $3.2 billion projected by analysts. Block&rsquo;s shares had gained nearly 8% this year before the post-market release.
- Airbnb (ABNB) boosted its annual forecast on robust bookings in the major markets in the Americas, while it posted a big jump in spending as part of an effort to diversify the business. The short-term rental company said it expects annual revenue growth to &ldquo;accelerate to low- to mid-teens.&rdquo; In February, Airbnb told investors it anticipated annual sales would gain &ldquo;at least low double digits.&rdquo; Analysts, on average, projected a 12% jump, according to data compiled by Bloomberg. The shares gained about 1% in extended trading after closing at $140.46 in New York. The stock had been up about 3.5% this year.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. 

Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

IREN Tumbles, Block Shares Rally, Airbnb Rises

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/02add9b1-392e-4156-9c48-b4430162e7f6/transcript