Closing Bell: Super Micro Jumps, Alphabet Slides, Netflix Down
from Stock Movers Hosted by iHeartPodcasts
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 - Super Micro Computer (SMCI) shares jumped as much as 20% on Monday, the most in more than a month, after GF Securities Co. Ltd. raised its rating on the server maker to buy from hold. Analyst Evan Lee sees “higher AI server visibility,” while recent weakness has created “an attractive entry point, as the underlying demand fundamentally strengthens its long-term growth.” - Alphabet (GOOGL) shares tumbled on Monday following the departure of another high-profile artificial intelligence leader to a rival.The stock fell as much as 7.2%, the most intraday since February, after Google DeepMind Vice President John Jumper said over the weekend he was leaving for Anthropic. Last week, one of Google’s most prominent researchers, Noam Shazeer, announced he was leaving for OpenAI. -Netflix (NFLX) shares are falling on Monday, with the streaming-video company extending a selloff that has taken it to its lowest level in more than a year. Shares down 6.2%, their biggest intraday percentage drop since April; the stock is trading at its lowest since October 2024.
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