AI Infrastructure Falls, Alphabet’s $2 Trillion Gain, American Eagle Affirms Guidance

SoftBank Venture and Google Legal Fight

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - SoftBank (SFTBY) shares are responding to news that it is starting a new U.S. venture to rent out the computing power needed to build and run artificial-intelligence models, aiming to capitalize on strong American demand for AI computing resources. - Shares of Alphabet/Google (GOOG) are responding to the company losing its long-running fight against a €4.1 billion ($4.7 billion) European Union antitrust fine after the bloc’s top judges said regulators were right to punish the US giant for abusing Android’s market power. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

AI Infrastructure Falls, Alphabet’s $2 Trillion Gain, American Eagle Affirms Guidance

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Meta Platforms (META) shares are up after Bloomberg News reported that the Facebook parent is developing plans for a cloud-infrastructure business to sell its excess AI compute. - Alphabet (GOOG) has had a remarkable 12 months by just about any measure you can imagine. The stock price has more than doubled, raising its market capitalization by more than $2 trillion as investors see increasing strength in its artificial intelligence capabilities. At $4.3 trillion, Alphabet is now the second-most valuable company in the world, up from fifth at this time last year. And in a sign of how significant Google’s parent has become to the overall economy, the shares were added to the Dow Jones Industrial Average this week. - American Eagle Outfitters (AEO) is well positioned to reach consensus for sales of $6.2 billion by 2028, driven by broad-based growth at Aerie, continued momentum at Offline and a recovery in on-trend denim and bottoms at the namesake brand. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

PPHE Plunges, Carrefour, Sodexo

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - PPHE Hotel Group concludes its strategic review and formal sale process without receiving any deliverable proposals for a potential sale of the company, according to a statement. - Carrefour shares rise as much as 4.6%, the most in just under a year, after UBS upgrades the French grocer to buy from neutral, calling the stock “too cheap to ignore.” - Sodexo rises as much as 8.3%, the most since April 2023, after the French food services company reported third-quarter results ahead of expectations and raised its organic revenue forecast for the full year. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Soitec Falls, Bayer Upgrade, Sodexo Rises

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - AI demand and EU support can turn Europe's semiconductor niches into growth assets, but only if customers commit to buy at scale. Without big buyers, advanced chip and packaging plants risk becoming subsidized capacity without enough orders. Soitec falls as much as 6.2% - Bayer got upgraded to buy from hold at Deutsche Bank. Bayer rises as much as 5.9%. - Sodexo rises as much as 8.3%, the most since April 2023, after the French food services company reported third-quarter results ahead of expectations and raised its organic revenue forecast for the full year. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Samsung Slips, KB Financial Gains, Meituan Jumps

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - South Korean stocks slumped as Meta Platforms Inc.’s plan to sell computing power raised questions over excess in AI capacity, driving a selloff in chipmakers. The Kospi Index was down about 4% as of 12:25 p.m. local time, with Samsung and SK Hynix losing more than 5% each. - Korean financial stocks gain Thursday as investors seen rotating from tech stocks and boosted by rate hikes expectations. KB Financial jumps as much as 9% on Korea Exchange - Options appear expensive on companies including Meituan and Tencent, while contracts on Bank of China and China Life screen cheap. Meituan rises as much as 7.5% See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.