Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- SpaceX (SPCX) shares are up after Elon Musk’s satellite, rocket and artificial intelligence conglomerate reported third-quarter revenue that was better than the average analyst estimate. The beat was driven by substantial growth in its artificial intelligence and satellite internet businesses.
- Super Micro Computer (SMCI) shares gain after the maker of servers reported preliminary first-quarter sales that were stronger than expected, citing AI-related demand. Analysts are positive about the company’s better-than-expected margins. The figures spurred relief rally in AI-linked hardware stocks.
- Netflix (NFLX) shares are down after the streaming-video company gave a revenue forecast that was weaker than expected, compounding concerns about its growth.