Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Oracle (ORCL) shares are lower after the company reported quarterly capital expenses that were higher than estimates. The company expects to spend about $70 billion on net capital expenditures in the current fiscal year, which ends in May 2027.
- Micron (MU) shares are higher as memory stocks turn higher. Morgan Stanley writes a correction in memory stocks including Samsung and SK Hynix is “necessary,” but shares can get a further leg up after this “healthy reset” given that DRAM is still the main bottleneck to the AI buildout.
- JD.com (JD US) are sliding, as well as Alibaba (BABA) after CCTV reported that Beijing city’s market regulator summoned the company over false advertising.
- Stitch Fix (SFIX) is climbing after the online personal styling platform raised its full-year forecast for net revenue from continuing operations.