Abivax Plunges, BAT Dips, Entain Gains

Dollar General Reports; HPE Soars; Huang Bullish on Marvell

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Dollar General (DG) shares are higher after reporting earnings. It forecast earnings per share for the full year of $7.20 to $7.45, saw $7.10 to $7.35. - Alphabet (GOOG) is lower as it looks to raise $80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway Inc. - Hewlett Packard Enterprise (HPE) shares are higher in early trading after the company gave an outlook for annual sales that topped estimates, citing massive growth in AI-fueled demand for its servers and networking. - Marvell Technology (MRVL) is rising after Nvidia Corp.'s Jensen Huang predicted the company will hit a $1 trillion valuation. Huang said Marvell's valuation will soar now that the age of "useful AI has arrived", and was joined by Marvell CEO Matt Murphy on stage at Computex trade show in Taipei. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Abivax Plunges, BAT Dips, Entain Gains

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Abivax shares plunged after cancer cases in a crucial clinical trial for a bowel disease drug threw the French biotech’s future into question. - Shares in British American Tobacco fell as much as 3.8%, extending a seven-day losing streak, as a trading update showed continued downtrading from consumers is hurting margins, overshadowing the firm’s maintained guidance and growth in new, smoke-free categories. - Entain shares rise as much as 4.6%, extending Monday’s gains after MGM Resorts confirmed it received a takeover offer from People Inc. Analysts believe any deal could lead to another transaction involving Entain and MGM’s joint venture named BetMGM. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

STMicro Rises, Prosus Climbs, Abivax Plunges

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - STMicro shares soar as much as 10% to the highest since 2000, after the chipmaker raised its data center revenue forecast for this year to about $1 billion. Analysts say the upgrade reflects the company’s confidence in boosting supply. - Prosus is also benefiting from the AI boom thanks to its shareholding in Tenent which is set to launch an AI agent on WeChat, China's best-used app. - Abivax shares plunged after cancer cases in a crucial clinical trial for an experimental bowel disease drug threw the French biotech’s future into question. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Revolution Medicines Rises, HPE Soars on Strong Outlook, MGM Resorts Higher

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: * Revolution Medicines (RVMD) shares rallied after the cancer drugmaker reported its experimental pancreatic cancer drug, daraxonrasib, delayed painful symptoms for months and nearly doubled survival. * Hewlett Packard Enterprise (HPE) gave an outlook for annual sales that topped estimates, citing massive growth in demand for the company’s servers and networking that it expects to continue through next year. The shares soared in extended trading. The shares jumped more than 20% in late trading after closing at $47 in New York. The company’s stock had gained more than 60% just in the past month. * MGM Resorts (MGM) shares traded higher today after Barry Diller made an offer for the remaining portion of the company that he doesn’t already own, marking the latest pivot for the billionaire media mogul after overhauling IAC Inc. The bid is a 10.6% premium over MGM Resorts’ closing price on Friday and more than 30% higher than its volume-weighted average price over the past 90 days. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Closing Bell: Nvidia Jumps, Rocket Labs Slides, Hewlett Packard Enterprise Soars After Earnings

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, Katie Greifeld, Emily Graffeo, and Tim Stenovec. - Nvidia (NVDA) shares jumped today after Nvidia unveiled the RTX Spark, a chip described as "the most efficient PC chip ever built," designed for personal devices to run AI agents. The move is an effort to disrupt Intel and AMD's dominance of the PC chip market, with Nvidia using technology licensed from processor-design firm Arm Holding. - Rocket Labs Corp (RKLB) shares declined on Monday, extending a rout that started late last week after a Blue Origin rocket exploded.  - Hewlett Packard Enterprise (HPE) shares soared after the close, due to the company giving an outlook for annual sales that topped estimates, citing massive growth in demand for the company’s servers and networking that it expects to continue through next year.  See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.