Stock Movers

Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- CoreWeave (CRWV) surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”. CoreWeave raised its revenue outlook to a range of $12.4 billion to $13.2 billion for the full year, and its shares soared as much as 23% to $111.05 after markets opened in New York on Wednesday.

- Cava Group (CAVA) sales rose faster than expected due to increased traffic and customers buying higher-priced proteins and extras such as pita chips. Sales slowed at the end of the second quarter due to reports of a parasitic outbreak, but trends have since improved each week with comparable sales back to mid-single-digit growth.

-Wendy’s (WEN) shares jump as much as 13% after a Financial Times report that Nelson Peltz’s Trian Fund Management is laying the groundwork for a take-private bid for the US fast-food chain, with backing from a consortium of investors including BlueFive Capital.
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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- CoreWeave (CRWV) surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”.

- Cava Group (CAVA) shares rose faster than expected due to increased traffic and customers buying higher-priced proteins and extras such as pita chips. Sales slowed at the end of the second quarter due to reports of a parasitic outbreak, but trends have since improved each week with comparable sales back to mid-single-digit growth.

- Super Micro Computer (SMCI) shares jumped after the company gave a revenue forecast for the current quarter that topped analysts’ estimates, a sign the booming artificial intelligence market continues to bolster sales of the company’s servers. Revenue will be $14.5 billion to $15.5 billion in the period ending in September, and profit, excluding some items, will be $1.01 to $1.10 a share, the company said.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:

- CoreWeave (CRWV) surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”.

- Super Micro Computer (SMCI) shares jumped after the company gave a revenue forecast for the current quarter that topped analysts’ estimates, a sign the booming artificial intelligence market continues to bolster sales of the company’s servers. Revenue will be $14.5 billion to $15.5 billion in the period ending in September, and profit, excluding some items, will be $1.01 to $1.10 a share, the company said.

- Lumentum (LITE) shares gain. Analysts are positive on the maker of optical equipment after it reported fourth-quarter results that beat expectations and gave an outlook above analyst consensus. The stock has more than doubled this year and is up near 36% off the low it hit in late July.
See omnystudio.com/listener for privacy information.

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

On this episode of Stock Movers:
- Cava (CAVA) is also risijng this morning as sales jumped with Americans flocking to Pita Chips, Salmon, and other Mediterranean-diet oriented foods.
- Super Micro (SMCI) is giving a sales outlook that topped even the rosiest projections. That along with Coreweave's report is sending markets higher.
- CoreWeave (CRWV) is soaring after booming AI demand bolstered the company's revenue outlook. Nebius (NBIS) is also up this morning with earnings coming out.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Coreweave (CRWV) is soaring after booming AI demand bolstered the company's revenue outlook. Nebius (NBIS) is also up this morning with earnings coming out.
- Super Micro (SMCI) is giving a sales outlook that topped even the rosiest projections. That along with Coreweave's report is sending markets higher.
- Lumentum (LITE) is climbing as well this morning after adjusted EPS for the first quarter exceeded estimates.
- Cava (CAVA) is also rising this morning as sales jumped with Americans flocking to Pita Chips, Salmon, and other Mediterranean-diet oriented foods.
See omnystudio.com/listener for privacy information.