Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Nvidia (NVDA) shares slide 3.6% on Thursday as the artificial intelligence chipmaker’s upbeat sales forecast gets a lackluster investor response. Analysts are positive about the results and note that investor concern surrounding demand durability might be overblown.
- Caesars Entertainment (CRZ) shares jump as much as 20%, the most intraday since Nov. 2020, after an FT report that the casino company is weighing takeover offers including a bid from Texas gaming and hospitality billionaire Tilman Fertitta.
- Jack Dorsey’s Block (XYZ) is cutting 4,000 employees, reducing its workforce by nearly half as the financial technology firm places a bet on artificial intelligence changing the future of labor productivity.Block has been restructuring its business model and staffing since 2024 as the company’s stock has lagged. At the same time, the company has invested heavily in artificial intelligence tools to run more efficiently, including building its own tool called Goose.
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