On this episode of Stock Movers:

- Reddit (RDDT) shares fall. The Wall Street Journal reported that the social forum company has discussed cutting off Google’s access to its content for AI use.

- GE Vernova (GEV) fall as much as 7.5% after the power equipment manufacturer raised a full-year revenue outlook by what Citi called a “relatively modest” amount and left an outlook for adjusted Ebitda margins unchanged, disappointing investors after a surge in the stock. 

- Super Micro Computer (SMCI) shares rose after the server maker issued preliminary results saying its backlog hit a record on new orders in the quarter of more than $60 billion. Sales have surged for Super Micro’s servers fitted with Nvidia Corp. chips for artificial intelligence workloads. 

On this episode of Stock Movers:
- Reddit (RDDT) shares fall. The Wall Street Journal reported that the social forum company has discussed cutting off Google&rsquo;s access to its content for AI use.
- GE Vernova (GEV) fall as much as 7.5% after the power equipment manufacturer raised a full-year revenue outlook by what Citi called a &ldquo;relatively modest&rdquo; amount and left an outlook for adjusted Ebitda margins unchanged, disappointing investors after a surge in the stock.&nbsp;
- Super Micro Computer (SMCI) shares rose after the server maker issued preliminary results saying its backlog hit a record on new orders in the quarter of more than $60 billion. Sales have surged for Super Micro&rsquo;s servers fitted with Nvidia Corp. chips for artificial intelligence workloads.&nbsp;

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

Reddit Falls, GE Vernova Drops, Super Micro Rises After Early Results Show Rising Backlog

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f701336c-3614-4ec1-ba64-b48f00fafe6e/transcript

On this episode of Stock Movers:

-Super Micro Computer (SMCI) shares rose after the server maker issued preliminary results saying its backlog hit a record on new orders in the quarter of more than $60 billion. Sales have surged for Super Micro’s servers fitted with Nvidia Corp. chips for artificial intelligence workloads. 

- Pegasystems (PEGA) shares drop after the software company reported adjusted earnings per share for the second quarter that missed the average analyst estimate. The firm said its annual contract value (ACV) growth rate significantly slowed during the first half of the year as clients delayed purchasing decisions, and this trend may continue to adversely affect the ACV growth rate for the rest of the year.

- GE Vernova (GEV) fall as much as 7.5% after the power equipment manufacturer raised a full-year revenue outlook by what Citi called a “relatively modest” amount and left an outlook for adjusted Ebitda margins unchanged, disappointing investors after a surge in the stock. 

On this episode of Stock Movers:
-Super Micro Computer (SMCI) shares rose after the server maker issued preliminary results saying its backlog hit a record on new orders in the quarter of more than $60 billion. Sales have surged for Super Micro&rsquo;s servers fitted with Nvidia Corp. chips for artificial intelligence workloads.&nbsp;
- Pegasystems (PEGA) shares drop after the software company reported adjusted earnings per share for the second quarter that missed the average analyst estimate. The firm said its annual contract value (ACV) growth rate significantly slowed during the first half of the year as clients delayed purchasing decisions, and this trend may continue to adversely affect the ACV growth rate for the rest of the year.
- GE Vernova (GEV) fall as much as 7.5% after the power equipment manufacturer raised a full-year revenue outlook by what Citi called a &ldquo;relatively modest&rdquo; amount and left an outlook for adjusted Ebitda margins unchanged, disappointing investors after a surge in the stock.&nbsp;

Super Micro Soars, Pegasystems Slides, GE Vernova Drops as ‘Modest’ Guidance Boost Disappoints

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3b917774-e881-4837-afce-b48f00ef8336/transcript

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

On this episode of Stock Movers:

- Super Micro Computer (SMCI) shares jumped after the company issued a business update that included raising its fourth-quarter gross margins outlook and saying the backlog was at a record.

- AT&T (T) is gaining after the telecom company reported second-quarter results that beat expectations on key metrics, including wireless postpaid phone net adds and adjusted earnings.

- Reddit (RDDT) shares are lower after the Wall Street Journal reported that the social forum company has discussed cutting off Google’s access to its content for AI use.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Super Micro Computer (SMCI) shares jumped after the company issued a business update that included raising its fourth-quarter gross margins outlook and saying the backlog was at a record.
- AT&amp;T (T) is gaining after the telecom company reported second-quarter results that beat expectations on key metrics, including wireless postpaid phone net adds and adjusted earnings.
- Reddit (RDDT) shares are lower after the Wall Street Journal reported that the social forum company has discussed cutting off Google&rsquo;s access to its content for AI use.

Super Micro and AT&T Pop; Reddit Dips

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3e787833-4573-40d6-a378-b48f00d8307a/transcript

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Super Micro Computer (SMCI) shares jumped after the company issued a business update that included raising its fourth-quarter gross margins outlook and saying the backlog was at a record.
- AT&T (T) is gaining after the telecom company reported second-quarter results that beat expectations on key metrics, including wireless postpaid phone net adds and adjusted earnings.
- Rocket Lab (RKLB) shares are rising after the company was awarded a $266 million defense contract for suborbital launch.
- GE Veronva (GEV) is lower this morning with a higher full-year revenue outlook falling flat with investors after a rally that had pushed the shares up 65% this year through Tuesday. The company is still facing weakness in its wind unit.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Super Micro Computer (SMCI) shares jumped after the company issued a business update that included raising its fourth-quarter gross margins outlook and saying the backlog was at a record. - AT&amp;T (T) is gaining after the telecom company reported second-quarter results that beat expectations on key metrics, including wireless postpaid phone net adds and adjusted earnings. - Rocket Lab (RKLB) shares are rising after the company was awarded a $266 million defense contract for suborbital launch. - GE Veronva (GEV) is lower this morning with a higher full-year revenue outlook falling flat with investors after a rally that had pushed the shares up 65% this year through Tuesday. The company is still facing weakness in its wind unit.

Super Micro and AT&T Gain; GE Veronva Lower

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b70d11c9-8df6-487a-a54a-b48f00b8a1c3/transcript

Reddit Falls, GE Vernova Drops, Super Micro Rises After Early Results Show Rising Backlog

Stock Movers

In 1 playlist(s)

Stock Movers

Social links

Follow podcast

Recent clips