Nvidia Sinks, Super Micro Declines, CoreWeave Falls
Notes de l’épisode
Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:
- Nvidia (NVDA) stock sank 5% as Chief Executive Officer Jensen Huang was ousted. The US is probing Alice Huang over whether entities linked to her were involved in efforts to smuggle products made by Super Micro Computer Inc. to China. Nvidia's board is counting on Colette Kress to steady the ship as interim CEO while it hunts for someone to permanently replace Huang.
- Super Micro Computer (SMCI) shares are down 13% on Thursday, after Semafor reported that the Department of Justice is probing the company, along with Nvidia and Megaspeed.
- CoreWeave (CRWV) bonds edged higher on Thursday after the company's stronger-than-expected results soothed concerns about its debt load. The cost of protecting the company's debt against default fell, a sign of credit fears easing a bit, with the price of default protection among the biggest decliners in the CDX high-yield index. CoreWeave's projected revenue topped its previous range and beat Wall Street estimates, and the company plans to raise at least $4 billion through an investment-grade loan sale. Shares of the company fell about 7.6% on Thursday after soaring 25% during the previous session in the wake of its results.
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