Semiconductor Stocks Fall, Tesla Sinks, Moderna Gains

Samsung Rises, Tencent Gains, BYD Jumps

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - South Korea’s Kospi rebounds from earlier losses to jump as much as 3%, lifted by Samsung Electronics on a report it is in talks with Anthropic to develop a custom AI chip. - The soft US jobs data is broadening out gains as higher US rates fade as a concern in near term. Tencent led the Chinese contribution to a positive reaction to the news up as much as 3.6%. - Hong Kong’s Hang Seng Tech index jumps as much as 2.3% Friday, with shares tied to Chinese EV makers rallying for a second session as investor sentiment improves following June sales delivery. BYD jumps as much as 6.5% after release of Seal 08 model and strong overseas momentum in June sales; traders also pointed to short covering in BYD shares See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Weekly Roundup: Genuine Parts Jumps , Apple Rises, Chip Stocks Fall

On this episode of Stock Movers, we take a look at some of the week's biggest gainers and decliners: - Shares of Genuine Parts (GPC) are up about 7% while shares of O'Reilly Automotive (ORLY) are down about 2% after Bloomberg said Genuine has attracted a cash bid for its auto parts unit from O'Reilly. -Apple (AAPL) stock rose more than 4% to end the week, outperforming a sharply weaker technology sector. The technology giant is in negotiations to buy chips from two Chinese semiconductor makers on a Pentagon blacklist to help reduce the impact of a global memory shortage that’s forced the company to raise prices across its product line. - Shares of semiconductor companies are down to close the week, after the Information reported that Anthropic started early-stage work on its own AI chip and held talks with Samsung Electronics as a potential manufacturing partner. The report cited three people familiar with the matter. Among notable movers: Micron -3.1%, Sandisk -9%, Western Digital -4.9%, Seagate -5.3%, Intel -2.9%, Nvidia -0.6%, AMD -3.9%, Broadcom -0.5% See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Closing Bell: Rivian Jumps, Apple Gains, Chip Stocks Sink

On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipshultz, Norah Mulinda and Tim Stenovec - Rivian Automotive (RIVN) shares climb 8.5% on Thursday after the electric vehicle maker reported second-quarter deliveries and lifted its full-year sales outlook. The company now expects to deliver between 65,000 and 70,000 vehicles this year, it said in a statement Thursday. That range exceeds the roughly 63,000 deliveries expected by Wall Street analysts. Rivian said it saw strong quarter-over-quarter growth for its commercial van and R1 EVs as it began sales of the new R2 electric SUV. -Apple (AAPL) stock rose more than 4% on Thursday, outperforming a sharply weaker technology sector. The technology giant is in negotiations to buy chips from two Chinese semiconductor makers on a Pentagon blacklist to help reduce the impact of a global memory shortage that’s forced the company to raise prices across its product line. -Shares of semiconductor companies are down on Thursday, after the Information reported that Anthropic started early-stage work on its own AI chip and held talks with Samsung Electronics as a potential manufacturing partner. The report cited three people familiar with the matter. Among notable movers: Micron -3.1%, Sandisk -9%, Western Digital -4.9%, Seagate -5.3%, Intel -2.9%, Nvidia -0.6%, AMD -3.9%, Broadcom -0.5% See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Semiconductor Stocks Fall, Tesla Sinks, Moderna Gains

On this episode of Stock Movers: - Shares of semiconductor companies are down on Thursday, after the Information reported that Anthropic started early-stage work on its own AI chip and held talks with Samsung Electronics as a potential manufacturing partner. The report cited three people familiar with the matter. Among notable movers: Micron -3.1%, Sandisk -9%, Western Digital -4.9%, Seagate -5.3%, Intel -2.9%, Nvidia -0.6%, AMD -3.9%, Broadcom -0.5% -Tesla shares decline as much as 8.3% Thursday — the most intraday since last July — after the electric vehicle company’s second-quarter delivery beat failed to impress investors. - Medical and pharmaceutical stocks gained as investors were looking to rotate into defensive sectors. Moderna (MRNA) rose 8.5% and was the top performer in the S&P 500. Universal Health Services and HCA Healthcare also were among the top S&P 500 stocks in the trading session. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Nike Edges Higher; Coherent Falls; Swift-Kelce Mania Takes Over MSG

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Shares of Nike (NKE) are edging higher following the US market open. The company's executives gave a cautious outlook and warned about elevated consumer anxiety on Tuesday, adding to investor concerns about the sportswear company’s painfully slow turnaround. Nike expects a slowdown in the coming quarter compared to the current period, citing the timing of wholesale shipments in North America among other factors. - Shares of Coherent (COHR) are falling on Wall Street, following its semiconductor peers lower amid investor concerns over the staying power of chip demand given price increases seen across Apple and Xbox products. A potential delay to OpenAI’s IPO, as reported by the New York Times, also dampened risk sentiment. - Shares of Madison Square Garden Sports and Entertainment (MSGS & MSGE) are moving lower ahead of the long July 4th weekend. All eyes will be on the "World's Most Famous Arena" with America’s equivalent of a royal couple slated for Friday. Pop star Taylor Swift and three-time Super Bowl Champion Travis Kelce set to exchange vows at a celebrity-studded event on July 3 at MSG with about 1,000 guests, according to people familiar with the matter. The security deployment for the two-day event is on par with a regular-season sporting event, and comes during a long weekend that already carries heightened precautions for the Fourth of July and the country’s 250th anniversary. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.