On this episode of Stock Movers:
- CoreWeave (CRWV) shares slide after the company reported a bigger-than-expected loss and boosting capital expenditures, spurring concerns about the company overspending on infrastructure. The loss widened to 89 cents a share in the fourth quarter, the company said in a statement Thursday.
- Dell (DELL) shares jump after the company gave an outlook for sales of its artificial intelligence servers that exceeded estimates. The company will generate about $50 billion in AI server revenue in the current fiscal year, and enters the year with a record backlog of $43 billion.
- Netflix (NFLX) shares rise after the streaming giant dropped out of the fight to buy Warner Bros. Discovery, effectively ending the bidding war for the Hollywood studio. Raymond James double downgrades Warner Bros., saying it’s now a traditional arb spread stock, while other analysts are positive about Netflix taking a decisive step to move on.
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