Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:
- CoreWeave (CRWV) shares jumped after the company eased fears about its debt-laden business and signaled strong sales growth despite headwinds facing the data center boom. The company projected revenue of $13 billion to $13.3 billion this year and expects to take out another loan soon that will carry an investment-grade rating. CoreWeave reported third-quarter sales of $3.66 billion and a backlog of $132.5 billion at the end of the quarter, with Chief Executive Officer Michael Intrator saying the company is executing the right way and poised to be net income positive in 2028.
- IHeartMedia (IHRT) is exploring the sale of part or potentially all of its podcast business to raise cash and boost its struggling stock price, according to people familiar with the matter. A spokesperson for iHeart said the company’s plans do not involve a sale of the business, and that podcasting is a core strategic growth engine for the company. The podcast unit reported revenue of $174 million for the third quarter, up 24% compared to the previous year, and represented 17% of total revenue in the quarter.
- Nvidia (NVDA) shares are down more than 3% in extended trading following a New York Times report that Chief Executive Officer Jensen Huang is said to have a relationship with an Nvidia executive who reports to him.
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