Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- T-Mobile (TMUS) is moving on news that Deutsche Telekom (DTEGY) is discussing a potential combination with its American arm, T-Mobile US. The move would create the world’s biggest phone company and set a record for public M&A. The companies have considered a closer tie-up on-and-off for years.
- Boeing (BA) is moving after it regained their delivery lead over Airbus. Boeing reported lower-than-expected cash outflow as it delivered the most aircraft in the first quarter since 2019, continuing its recovery with higher output. The cash burn in the three months was $1.45 billion, less than the $2.61 billion estimated by analysts.
- Alphabet (GOOG) shares are also on the move as its Google Cloud division unveiled the latest generation of its Tensor Processing Unit, or TPU, a homegrown chip that’s designed to make AI computing services faster and more efficient. The new lineup will come in two versions, the company said Wednesday at its Google Cloud Next event.