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Nvidia Leads Chips Higher as Arm Declines; Peloton Sinks; BUD Rises

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Manage episode 481373835 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

On this episode of Stock Movers:
- Nvidia (NVDA) is leading chip stocks higher after Bloomberg reported the Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions, citing people familiar with the matter.
- Arm Holdings (ARM) is out of line with other chip stocks this morning as it trends lower after posting revenue forecast for the current quarter is $1 billion to $1.1 billion, lower than Wall Street's estimates. The company blames the conservative forecast on the timing of new agreements with customers and has decided not to provide an annual target due to uncertainty.
- Peloton (PTON) stock declined this morning after its fiscal third quarter missed estimates. While the company hit it expectations for reported revenue, Peloton narrowed expectations for total revenue for the fiscal year.
- Anheuser-Busch (BUD) gained in the premarket to their highest level in more than seven months after the brewer’s profit beat estimates, with analysts pointing to its geographical mix and a strong performance in its South American business as demand for beer holds up. The brewer also maintained its guidance for the year, a positive sign amid tariff worries.

See omnystudio.com/listener for privacy information.

  continue reading

232 episodes

Artwork
iconShare
 
Manage episode 481373835 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

On this episode of Stock Movers:
- Nvidia (NVDA) is leading chip stocks higher after Bloomberg reported the Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions, citing people familiar with the matter.
- Arm Holdings (ARM) is out of line with other chip stocks this morning as it trends lower after posting revenue forecast for the current quarter is $1 billion to $1.1 billion, lower than Wall Street's estimates. The company blames the conservative forecast on the timing of new agreements with customers and has decided not to provide an annual target due to uncertainty.
- Peloton (PTON) stock declined this morning after its fiscal third quarter missed estimates. While the company hit it expectations for reported revenue, Peloton narrowed expectations for total revenue for the fiscal year.
- Anheuser-Busch (BUD) gained in the premarket to their highest level in more than seven months after the brewer’s profit beat estimates, with analysts pointing to its geographical mix and a strong performance in its South American business as demand for beer holds up. The brewer also maintained its guidance for the year, a positive sign amid tariff worries.

See omnystudio.com/listener for privacy information.

  continue reading

232 episodes

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