Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Chip stocks extended a global rally as investors renewed bets that the artificial intelligence trade has further room to run. Samsung shares climbed as much as 12.9%. 
- Tencent shares down as much as 6.3%, with traders pointing to concerns over the company’s mobile gaming revenue. Meanwhile Chinese tech companies across the board dip as pressure builds for the US to respond to the growth of LLMs.
- Topsports tumble as much as 26% after the company received an official notice from Nike that its online sales of Nike’s products in China will terminate completely from Jan. 1.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Chip stocks extended a global rally as investors renewed bets that the artificial intelligence trade has further room to run. Samsung shares climbed as much as 12.9%. - Tencent shares down as much as 6.3%, with traders pointing to concerns over the company&rsquo;s mobile gaming revenue. Meanwhile Chinese tech companies across the board dip as pressure builds for the US to respond to the growth of LLMs. - Topsports tumble as much as 26% after the company received an official notice from Nike that its online sales of Nike&rsquo;s products in China will terminate completely from Jan. 1.

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

Samsung Gains, Tencent Dips, Topsports Tumbles

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3006fdc3-c4cc-41fb-abc8-b48f00679bdb/transcript

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;

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

Samsung Gains, Tencent Dips, Topsports Tumbles

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