Nvidia and the AI Selloff, Robinhood Falls, Elf Sinks on Missed Estimates
On this episode of Stock Movers: - Nvidia (NVDA) is on pace for its largest loss in market value since January's DeepSeek selloff. Semiconductor stocks tumbled globally on concerns over lofty valuations for some of the artificial intelligence boom’s biggest winners. - Robinhood (HOOD) shares fell by as much as 5.8% after the trading platform reported cryptocurrency revenue that came in below estimates. Adjusted operating expenses came in higher than expected and the firm said its CFO is leaving. Still, the company beat estimates on net revenue and adjusted ebitda. - Elf Beauty (ELF) shares sink after the cosmetics company’s full-year outlooks for adjusted earnings per share and net sales both missed analysts’ estimates.See omnystudio.com/listener for privacy information.
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EchoStar Drops, Elf Beauty Sinks, CarMax Slumps After Terminating CEO
- EchoStar (SATS) shares drop after the company reported a $16.5 billion impairment charge and agreed to sell more spectrum licenses to Elon Musk’s SpaceX for $2.6 billion as it works to unwind parts of its 5G wireless network.- Elf Beauty (ELF) shares sink after the cosmetics company’s full-year outlooks for adjusted earnings per share and net sales both missed analysts’ estimates. - CarMax (KMX) shares slump after the company terminated its chief executive over lagging sales and its' earnings missed analyst estimates.See omnystudio.com/listener for privacy information.
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Datadog Rises, DoorDash Lower, Duolingo Tank after Weak Earnings Outlook On this episode of Stock Movers:
On this episode of Stock Movers:- Datadog (DDOG) shares rose after the company reported third-quarter results that beat expectations and raised its full-year forecast.- Doordash (DASH) shares sunk after the company said it will spend more on investments next year to build new products and bolster internal tools, weighing on its earnings forecast. The company expects to increase investment in Deliveroo to improve the product and maintain growth, and anticipates spending “several hundred million dollars more” in 2026 on new products and an internal platform.- Duolingo (DUOL) shares tank after the language-learning software company gave a weak fourth-quarter bookings forecast. Analysts note that the management’s focus on user growth weighs on the bookings outlookSee omnystudio.com/listener for privacy information.
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Qualcomm Declines; Snap Soars; Duolingo Plunges
an outlook. Analysts are broadly positive on the report, which showed a profit hit from a US tax change. Qualcomm took a $5.7 billion writedown in period, which contributed to a $3.12 billion net loss. Other tech companies have recently reported hefty one-time charges from tax adjustments, including Meta Platforms Inc.- Shares of Snap Inc. (SNAP) soared ahead of the US market open, after the company announced a $400 million partnership with Perplexity AI to incorporate its AI-powered search engine into its flagship Snapchat app. The deal gives Snap a new business line and puts the social messaging company more squarely into the mix around AI chatbots and assistants. Perplexity’s answer-engine will be integrated into Snapchat’s Chat interface beginning in 2026, according to Snap Chief Executive Officer Evan Spiegel, though the company’s existing My AI chatbot will also be available to users. - Duolingo (DUOL) shares plunged in early trading after the company posted fourth-quarter bookings that trailed estimates. The language-learning company sees bookings in a range of $329.5 million to $335.5 million, while analysts estimated a midpoint of $344.1 million. Fourth-quarter revenue was in line with expectations and the company boosted its revenue guidance for the year as users pay more to chat with AI bots. Duolingo now expects revenue growth of 38% for the year at the midpoint. This is above its previous outlook and Wall Street’s estimated 36% rise. Paid subscribers came in slightly higher than estimates.See omnystudio.com/listener for privacy information.
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Qualcomm Slips; DoorDash Plunges; Fortinet Falls
- Qualcomm (QCOM) shares dropped in premarket trading after the chipmaker reported its fourth-quarter results and gave an outlook. Analysts are broadly positive on the report, which showed a profit hit from a US tax change. Qualcomm took a $5.7 billion writedown in period, which contributed to a $3.12 billion net loss. Other tech companies have recently reported hefty one-time charges from tax adjustments, including Meta Platforms Inc.- DoorDash (DASH) shares plunged in the early session after the US food-delivery app leader said it will spend more on investments next year to build new products and bolster internal tools, weighing on its earnings forecast. The company, which operates in more than 40 countries through its Wolt unit and the recently acquired Deliveroo business, expects to increase investment in Deliveroo to improve the product and maintain growth, it said in a statement Wednesday.- Shares of Fortinet (FTNT) sank premarket as revenue in its service segment missed expectations. The Sunnyvale, California-based cybersecurity company’s largest segment rose 13% in the quarter ending Sept. 30 to $1.17 billion slightly below Wall Street’s estimates. It was Fortinet’s slowest quarterly growth for service revenue in at least a decade.See omnystudio.com/listener for privacy information.
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