On this episode of Stock Movers:

- Novo Nordisk fell as Morgan Stanley downgraded its rating to underweight on weaker prescription momentum for the firm’s weight-loss drugs.

- GSK CEO Emma Walmsley is stepping down after almost nine years with chief commercial officer Luke Miels taking over on January 1st.

- Lufthansa gained after the airline outlined new financial goals, including plans to cut 4,000 administrative jobs by 2030.

On this episode of Stock Movers:
- Novo Nordisk fell as Morgan Stanley downgraded its rating to underweight on weaker prescription momentum for the firm&rsquo;s weight-loss drugs.
- GSK CEO Emma Walmsley is stepping down after almost nine years with chief commercial officer Luke Miels taking over on January 1st.
- Lufthansa gained after the airline outlined new financial goals, including plans to cut 4,000 administrative jobs by 2030.

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

Novo Nordisk Down, GSK Departure, Lufthansa Up

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b06d409f-6fef-4b8e-bc71-b367008d150e/transcript

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

On this episode of Stock Movers:

- HPE (HPE) boosted its sales outlook for this fiscal year and next, saying artificial intelligence workloads are driving demand for servers and networking gear. The shares were little changed in extended trading after closing at $51.82 in New York. The stock has more than doubled this year.

- Snowflake (SNOW) gained in extended trading after the company raised its outlook for annual sales, topping analysts’ estimates, and touted rapid adoption of its AI-assisted coding tool. The shares jumped more than 20% in extended trading after closing at $305.84. The stock had climbed 39% this year through the close. 

- Broadcom (AVGO) predicted a boom in artificial intelligence chip sales over the next two years, helping renew optimism that it can challenge Nvidia Corp.’s dominance in the lucrative market. AI chip revenue will double to about $115 billion in fiscal 2027 and soar to $230 billion the following year, Chief Executive Officer Hock Tan said during a conference call. The company also is on track to top earnings of $30 a share in fiscal 2028, outpacing Wall Street estimates. The shares rebounded from an earlier decline after Tan gave the guidance.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - HPE (HPE) boosted its sales outlook for this fiscal year and next, saying artificial intelligence workloads are driving demand for servers and networking gear. The shares were little changed in extended trading after closing at $51.82 in New York. The stock has more than doubled this year. - Snowflake (SNOW) gained in extended trading after the company raised its outlook for annual sales, topping analysts&rsquo; estimates, and touted rapid adoption of its AI-assisted coding tool. The shares jumped more than 20% in extended trading after closing at $305.84. The stock had climbed 39% this year through the close. - Broadcom (AVGO) predicted a boom in artificial intelligence chip sales over the next two years, helping renew optimism that it can challenge Nvidia Corp.&rsquo;s dominance in the lucrative market. AI chip revenue will double to about $115 billion in fiscal 2027 and soar to $230 billion the following year, Chief Executive Officer Hock Tan said during a conference call. The company also is on track to top earnings of $30 a share in fiscal 2028, outpacing Wall Street estimates. The shares rebounded from an earlier decline after Tan gave the guidance.

HPE Lifts Sales Forecast, Snowflake Jumps on Revenue, Broadcom Slips

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0d10c835-425c-4f6e-9fc0-b4b9017873ed/transcript

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

On this episode of Stock Movers: 

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sally Bakewell, Tim Stenovec and Lisa Mateo. 
Dell (DELL) shares jumped after the company boosted its annual sales forecast by $25 billion in a further sign of surging demand for servers to run artificial intelligence tasks. 
GE Vernova (GEV) has committed to repairing large portions of Venezuela’s power grid as part of a series of deals being touted by the Trump administration to boost the country’s energy output. US Energy Secretary Chris Wright, speaking on Bloomberg Television on Wednesday morning, confirmed the company has agreed to a Venezuela deal, but didn’t provide details. Shares of GE Vernova rallied in trading on Wednesday. 
HPE (HPE) boosted its sales outlook for this fiscal year and next, saying artificial intelligence workloads are driving demand for servers and networking gear. “We are turning exceptional demand into durable profitable growth,” Chief Executive Officer Antonio Neri said in an interview. Shares of HPE rose in postmarket trading.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:&nbsp;
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sally Bakewell, Tim Stenovec and Lisa Mateo.&nbsp;
<ul>
<li>Dell (DELL) shares jumped after the company boosted its annual sales forecast by $25 billion in a further sign of surging demand for servers to run artificial intelligence tasks.&nbsp;</li>
<li>GE Vernova (GEV) has committed to repairing large portions of Venezuela&rsquo;s power grid as part of a series of deals being touted by the Trump administration to boost the country&rsquo;s energy output. US Energy Secretary Chris Wright, speaking on Bloomberg Television on Wednesday morning, confirmed the company has agreed to a Venezuela deal, but didn&rsquo;t provide details. Shares of GE Vernova rallied in trading on Wednesday.&nbsp;</li>
<li>HPE (HPE) boosted its sales outlook for this fiscal year and next, saying artificial intelligence workloads are driving demand for servers and networking gear. &ldquo;We are turning exceptional demand into durable profitable growth,&rdquo; Chief Executive Officer Antonio Neri said in an interview. Shares of HPE rose in postmarket trading.</li>
</ul>

Closing Bell: Dell Soars, GE Vernova Rallies, HP Rises After Earnings

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4bba1de2-3343-43ad-977e-b4b901503453/transcript

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

On this episode of Stock Movers:

- Uber Technologies (UBER) is higher after cutting about 3,300 roles, or 10% of its staff globally, in a massive restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses. The stock is down 6% YTD.

- PG&E (PCG) plans to defer about $2 billion of investments next year as part of a strategic review of its businesses, a move that comes after it said a proposed revamp of California’s wildfire response didn’t do enough to protect the company and its peers from the cost of such disasters.

- Sphere Entertainment (SPHR) shares rose as much as 4.5% on Wednesday after Guggenheim raised the price target on the company to a Street-high $208 from $193. Analyst Curry Baker says SPHR shares have been under pressure the last two weeks due to soft August Ticketmaster data and weak August tourism in the Las Vegas market

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Uber Technologies (UBER) is higher after cutting about 3,300 roles, or 10% of its staff globally, in a massive restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses. The stock is down 6% YTD.
- PG&amp;E (PCG) plans to defer about $2 billion of investments next year as part of a strategic review of its businesses, a move that comes after it said a proposed revamp of California&rsquo;s wildfire response didn&rsquo;t do enough to protect the company and its peers from the cost of such disasters.
- Sphere Entertainment (SPHR) shares rose as much as 4.5% on Wednesday after Guggenheim raised the price target on the company to a Street-high $208 from $193. Analyst Curry Baker says SPHR shares have been under pressure the last two weeks due to soft August Ticketmaster data and weak August tourism in the Las Vegas market

Uber to Cut 3,300 Jobs, PG&E Falls, Sphere Gains on Raised Price Target

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7656db3d-49b6-48c7-bde3-b4b9013a8493/transcript

Novo Nordisk Down, GSK Departure, Lufthansa Up

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