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Show Notes
On this episode of Stock Movers:
- Super Micro (SMCI) shares fall after the company lowered its fiscal-year revenue forecast to at least $33 billion, according to a statement. The company's revised fiscal-year outlook raises questions about its ability to capitalize on demand for artificial intelligence equipment with the latest Nvidia chips, as it has been struggling with margins.
- Match (MTCH) shares rise after the company provided a better-than-expected third-quarter sales forecast, with expected revenue ranging from $910 million to $920 million. The company plans to invest $50 million in product development and marketing expenses for its dating apps, including Tinder and Hinge. - Walt Disney (DIS) shares fall after third quarter earnings. However, analysts noted strength in the company’s streaming business. Disney has been making a big push into streaming, with new projects built around its sports franchise ESPN and Hulu.
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