Closing Bell: Chip Stocks Rise, SpaceX Gains, EyePoint Sinks
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 Scarlet Fu, Isabelle Lee, Carol Massar and Joe Deaux
- AI-linked stocks are rising on Monday after Anthropic PBC told prospective investors that its preliminary second quarter revenue was $11.5 billion, an at least 14-fold increase versus the same period a year ago. Among stock gainers: Nvidia +0.02%, Micron +4.3%, Marvell Technology +6.4%, Western Digital +6.0%, Lumentum +2.3%, Coherent +5.4%, Sandisk +7.5%, Applied Materials +4.8%, KLA +2.4%, Bloom Energy +4.8%
- SpaceX (SPCX) shares are trading higher and above their IPO price after a fresh batch of 13F filings showed several major institutions holding multibillion-dollar positions in the company. Alphabet reported ownership of approximately 551 million SpaceX shares worth close to $94 billion in an Aug. 7 filing.
- EyePoint (EYPT) shares sink 69% after the drug developer said its experimental treatment for an eye disease failed to meet its primary goal in a late-stage trial. The disappointing results spurred a downgrade at Cantor
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