Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- SAP shares rise as much as 5.5% after the firm reported 2Q cloud backlog growth that beat estimates, easing investor fears that companies’ software budgets are at risk of increased AI spending.
- Volkswagen shares fall as much as 3.2% as a deepening slump in China intensifies pressure on Chief Executive Officer Oliver Blume to overhaul Europe’s largest carmaker.
- Wise shares dropped more than 10% after its application to become a national trust bank in the US was rejected by the US Office of the Comptroller of the Currency, delivering a setback for the fintech’s plans to expand in the US.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- A growing sense of unease over big debt funding for AI projects is playing out in SoftBank’s slump since peaking in early June. Shares are down as much as 8%.
- India is getting impacted by high oil as index falls for the fifth straight day. ICICI Bank dip as much as 1%.
- Taiwan continues to see headwinds from the AI transition away from GPUs to CPUs, hurting TSMC as shares fall as much as 2.4%.
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Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- Intel (INTC) surged in late trading after the chipmaker’s revenue forecast shattered estimates, indicating that booming data center spending is helping fuel a long-awaited turnaround. Sales will be $15.8 billion to $16.8 billion in the third quarter, with the low end of that range easily clearing the $15.1 billion average analyst estimate. Intel shares gained about 9% after the results were released, lifted by growing confidence in Intel’s comeback plan under Chief Executive Officer Lip-Bu Tan.

- Tesla (TSLA) shares tumbled after disappointing quarterly results raised questions about Elon Musk’s plan to refocus the electric vehicle maker on artificial intelligence and robots. Profit fell short of Wall Street’s estimates for the period as spending on ambitious initiatives surged to $5.8 billion, resulting in Tesla’s first cash burn in two years. The company still expects capital expenditures in excess of $25 billion this year, and executives are now predicting even larger outlays going forward to support expansion of factory operations and AI development.

-American Airlines (AAL) shares sink as much as 9.3%, the most intraday in a year, after the airline operator slashed its annual guidance and forecast a loss per share for its third quarter due to sharply higher fuel costs compared with the year-ago period.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market, a look at the notable movers:

On this episode of Stock Movers:
- Intel (INTC) surged in late trading after the chipmaker’s revenue forecast shattered estimates, indicating that booming data center spending is helping fuel a long-awaited turnaround. Sales will be $15.8 billion to $16.8 billion in the third quarter, with the low end of that range easily clearing the $15.1 billion average analyst estimate. Intel shares gained about 9% after the results were released, lifted by growing confidence in Intel’s comeback plan under Chief Executive Officer Lip-Bu Tan.

- Tesla (TSLA) shares tumbled after disappointing quarterly results raised questions about Elon Musk’s plan to refocus the electric vehicle maker on artificial intelligence and robots. Profit fell short of Wall Street’s estimates for the period as spending on ambitious initiatives surged to $5.8 billion, resulting in Tesla’s first cash burn in two years. The company still expects capital expenditures in excess of $25 billion this year, and executives are now predicting even larger outlays going forward to support expansion of factory operations and AI development.

-American Airlines (AAL) shares sink as much as 9.3%, the most intraday in a year, after the airline operator slashed its annual guidance and forecast a loss per share for its third quarter due to sharply higher fuel costs compared with the year-ago period.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- Tesla (TSLA) shares tumbled after disappointing quarterly results raised questions about Elon Musk’s plan to refocus the electric vehicle maker on artificial intelligence and robots. Profit fell short of Wall Street’s estimates for the period as spending on ambitious initiatives surged to $5.8 billion, resulting in Tesla’s first cash burn in two years. The company still expects capital expenditures in excess of $25 billion this year, and executives are now predicting even larger outlays going forward to support expansion of factory operations and AI development.

-American Airlines (AAL) shares sink as much as 9.3%, the most intraday in a year, after the airline operator slashed its annual guidance and forecast a loss per share for its third quarter due to sharply higher fuel costs compared with the year-ago period.

- Shares of Allegion (ALLE) rose after the global security products and solutions provider raised its full-year outlook for revenue and adjusted earnings per share. The stock was up 11% to $155.38 in recent trading, paring its year-to-date decline to 2.9%. Chief Executive John Stone said the company sees continued strength in its Americas non-residential business and positive momentum in demand indicators, but there is weaker demand in some European markets.
See omnystudio.com/listener for privacy information.