AI Stocks Rally on CoreWeave Debt Relief, Fossil Jumps, Mosaic Falls
From Stock Movers · 4:19
Show by iHeartPodcasts
Today's biggest winners and losers in the stock market.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, Tim Stenovec, Carol Massar- Artificial intelligence infrastructure stocks are rallying after CoreWeave (CRWV) eased fears about its debt-laden business and reports on Anthropic and OpenAI lifted sentiment across the sector. Shares in CoreWeave rally as much as 20% after the cloud-computing provider indicated that sales growth remains strong during a high-stakes quarterly report. Among neocloud and other movers: Nebius +15%, IREN +4.7%, Cipher Digital +6.0%, Applied Digital +4.8%, Hut 8 +1.8%, Oracle +6.4%- Fossil Group (FOSL) stock surged Wednesday after the watchmaker reported better-than-expected third-quarter results and raised its 2026 sales forecast above Wall Street estimates. Fossil reported adjusted earnings of 23 cents per share, beating analysts’ expectations for a loss of 4 cents per share, and revenue reached $271.2 million, topping the $248.66 million consensus estimate.- Mosaic (MOS) shares fell as much as 2.6% after Freedom Capital Markets cut its recommendation on the fertilizer firm to sell from hold on higher costs. Analyst Vitaly Kononov notes that higher sulfur costs are expected to continue to weigh on Mosaic’s earnings through 4Q and notes that the potash price premium has disappearedSee omnystudio.com/listener for privacy information.
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