Closing Bell: SpaceX Soars, Nvidia Jumps, Fiserv Drops

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 Romaine Bostick, Katie Griefeld, Carol Massar and Tim Stenovec

- SpaceX (SPCX) shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.The stock climbed as much as 16%, extending Friday’s 19% rally, to add almost $340 billion in market value. The move boosts the company’s market value to more than $2.4 trillion, putting it among the top six largest companies in the world. At its current market capitalization, it’s less than $220 billion away from overtaking Amazon.com Inc., which boasts a nearly $2.7 trillion value.

- Chipmaking giant Nvidia (NVDA) is set to raise $25 billion from a high-grade bond sale that received more than three times that amount in demand, underscoring relentless investor appetite for exposure to the artificial intelligence boom.The deal, launched on Monday, attracted about $85 billion of orders at its peak, according to a person with knowledge of the matter, who asked not to be identified because they aren’t authorized to speak publicly.

- Fiserv (FISV) shares are down over 11% Monday, trading at the lowest intraday level since 2016, after the payments company named Takis Georgakopoulos as CEO effective immediately, succeeding Mike Lyons, who stepped down to become CEO of Truist Financial, according to a statement.

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