On this episode of Stock Movers:
- Nvidia (NVDA) shares are higher as it is on track to become the first $5 trillion company as Chief Executive Officer Jensen Huang’s spree of deals propels the artificial intelligence frenzy to new heights. Wall Street analysts are overwhelmingly bullish on the firm’s future prospects, with more than 90% of analysts tracked by Bloomberg giving its stock a buy-equivalent rating.
- Fiserv (FI) shares are sliding as it slashed its outlook for full-year earnings and announced a broad overhaul of its board and top leadership committee. Fiserv reported a 3% decline in revenue in its financial-solutions segment and its shares slumped 31% to $87.30.
- Caterpillar (CAT) is climbing after it reported adjusted earnings per share for the third quarter that beat the average analyst estimate.