Boeing Stock Rises, Nvidia Falls, On Holding Shares Up

On this episode of Stock Movers:

- Boeing (BA) shares are up as Airbus SE agreed to take over some assets and sites from Spirit AeroSystems Holdings Inc., clearing the way for the struggling US aerospace supplier to be acquired back by its former parent. Boeing also got an upgrade over at Bernstein, saying that the airplane maker is now making the progress that it needed for the growth trajectory. However, analysts did note that while they can't assume all the risks are gone after high FAA scrutiny, BCA (Boeing Commercial Airplanes) should be on a much firmer path than in 2023”.

- Nvidia (NVDA) shares fell as the company prepares for a new challenge in the artificial-intelligence chip sector from China's Huawei Technologies. Huawei is getting ready to test a new and powerful artificial intelligence processor that the company hopes can replace some products made by Nvidia, the Wall Street Journal reported. The progress by the Shenzhen-based networking and electronics leader shows the resilience of China’s semiconductor industry in the face of efforts by the Trump administration to stymie it, including by blocking access to some Western chip-making equipment, the newspaper said on Sunday.

- On Holding (ONON) shares jumped after Citi raised the Swiss shoemaker to buy from neutral. They said it’s among the best-positioned brands to navigate the current uncertain environment and pass on higher costs to consumers if needed. Analyst Paul Lejuez calls On one of the fastest growing brands in the athletic/apparel and footwear industries, and highlights its geographically diverse sales base and and low sourcing exposure in China.

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