On this episode of Stock Movers:- Shares of Nvidia (NVDA) declined in premarket trading after investors shrugged off a stronger-than-expected revenue forecast and assurances that the AI economy isn’t in a bubble. Nvidia, the world’s most valuable company, announced Wednesday that sales will be about $65 billion in the January quarter — roughly $3 billion more than analysts predicted. The chipmaker also said that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated. But it’s faced growing fears in recent weeks that spending on its AI chips isn’t sustainable. The company’s China business also has stalled due to US export restrictions.- Shares of Intuit (INTU) moved higher in the early session after the financial software provider posted first-quarter profit and revenue topped estimates. Intuit beat fiscal 1Q estimates, with 18% revenue growth on the back of an 18% gain in Global Business Solutions (GBS), Credit Karma's 27% and the Consumer group's 21%. TurboTax Live sales jumped 51% (long-term range of 15-20%). Email marketing business Mailchimp was an outlier, posting a top-line decline. GBS (59% of fiscal 2025 sales) was driven by QuickBooks Online accounting sales, which rose 25% on higher effective prices, customer growth and a shift in mix.- Shares of Gap (GAP) rallied ahead of the US market open after the apparel maker reported stronger-than-expected sales, a sign that celebrity-fueled marketing, flashy collaborations and a revamped inventory are luring in consumers. Comparable sales rose 5% in the third quarter, surpassing the average of analyst estimates. Results at the company’s two biggest brands — Old Navy and Gap — were particularly strong. Earnings per share also outpaced expectations. Chief Executive Officer Richard Dickson is reigniting excitement around Gap with collaborations, including with luggage brand Béis, and the GapStudio line that’s being promoted by Gwyneth Paltrow and her daughter.See omnystudio.com/listener for privacy information.
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4:23
Asos Falls, Ubisoft Rallies, Tullow Oil Slumps
On this episode of Stock Movers:- Asos falls 9.7% after reporting results. The firm reported pretax loss for the full year of GBP281.6 million, estimate loss GBP259.8 million.- Ubisoft shares turn higher, reversing initial declines, as the stock resumes trading following a week-long suspension caused by a delay to the publication of second-quarter results.- Tullow Oil shares plummet as much as 32% to a new record low after the company issued a trading update. Analysts said there has been a lack of progress on the refinancing of its mountain of debt, with Panmure Liberum warning there is “no investment case to speak of at present, and little rationale for investors not to head for the exit.”See omnystudio.com/listener for privacy information.
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3:56
Nvidia Falls, Bath & Body Works Slumps, Walmart Soars
On this episode of Stock Movers:- Walmart (WMT) Walmart shares rose as much as 7.3%, the most intraday since April 9, after the retail giant reported third-quarter results that topped Street expectations. Executives raised the annual guidance metric, resulting in what some analysts described as a “conservative” 4Q view.- Nvidia (NVDA) shares fell 3.2% to $180.64 in New York after initially climbing more than 5% following a stronger-than-expected revenue forecast. The company announced sales will be about $65 billion in the January quarter and that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated.- Bath & Body Works (BBWI) shares slumped after cutting its full-year outlook and announcing a turnaround plan to refocus the home products retailer on its core business. The company will exit some categories, including men’s grooming and hair care, and launch its own brand page on Amazon.com Inc.’s webstore under the new transformation plan named the Consumer First Formula.See omnystudio.com/listener for privacy information.
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Closing Bell: Walmart Rises, Nvidia Whipsawed, Bath & Body Works Slumps
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Tim Stenovec and Carol Massar.On this episode of Stock Movers:- Walmart (WMT) Walmart shares rose as much as 7.3%, the most intraday since April 9, after the retail giant reported third-quarter results that topped Street expectations. Executives raised the annual guidance metric, resulting in what some analysts described as a “conservative” 4Q view.- Nvidia (NVDA) shares fell 3.2% to $180.64 in New York after initially climbing more than 5% following a stronger-than-expected revenue forecast. The company announced sales will be about $65 billion in the January quarter and that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated.- Bath & Body Works (BBWI) shares slumped after cutting its full-year outlook and announcing a turnaround plan to refocus the home products retailer on its core business. The company will exit some categories, including men’s grooming and hair care, and launch its own brand page on Amazon.com Inc.’s webstore under the new transformation plan named the Consumer First Formula.See omnystudio.com/listener for privacy information.
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5:39
Nvidia's Rally Fades, Walmart Rises on Results, Oracle Drops
On this episode of Stock Movers: - Nvidia (NVDA)'s shares shares fizzled on Thursday after investors shrugged off a stronger-than-expected revenue forecast and assurances that the AI economy isn’t in a bubble. After initially climbing more than 5%, the stock fell as much as 2.8% to $181.25 in New York. The broader market also declined, weighed down by AI fears and concerns over whether the Federal Reserve will cut rates in December. - Walmart (WMT) raised its full-year sales and profit outlook, a sign the world’s biggest retailer is winning over price-sensitive shoppers while absorbing rising costs. The company now sees net sales rising 4.8% to 5.1%, higher than its previous projection in August. It marks a second increase in forecast during the fiscal year. - Oracle (ORCL) the once stodgy database giant that’s borrowed tens of billions and tethered its fortunes to the artificial intelligence boom, is quickly emerging as the credit market’s barometer for AI risk. Traders have piled into the company’s credit-default swaps in recent months as Oracle’s massive AI-related spending spree, its central role in a web of interrelated deals, and its weaker credit grades compared with players such as Microsoft Corp. or Alphabet Inc. have made the contracts the market’s preferred way to hedge — and bet against — the AI boom. Shares of Oracle fell in trading amid a broader selloff. See omnystudio.com/listener for privacy information.
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