Nov. 3 at 6:37 PM
Midday Movers: Amazon, Adeia, Kenvue, Iren & more
Amazon rose ~4.4% after OpenAI signed a
$38B AWS deal and expanded Nvidia GPU use. Ares Management +6% on strong Q3 profit (
$1.19 vs
$1.15 est.). Adeia -17% after suing AMD for patent infringement. Kontoor Brands -8% on weaker Q4 guidance (
$1.64 vs
$1.68 est.). Shutterstock -10% as UK probes
$3.7B Getty merger. Amkor +15% after board shrink; John Liu became EVP. Iren +6.7% on
$9.7B 5-year Nvidia GPU deal with Microsoft. Semiconductor stocks up: Nvidia +3.8%, Micron +5.6%. Kenvue +15% after
$48.7B Kimberly-Clark acquisition. Cipher +13% on Q3 results (loss 1¢ vs 4¢ est.; revenue
$71.7M). Idexx +13% on revenue beat (
$1.11B vs
$1.07B) and higher guidance. Freshpet +13% with EBITDA
$54.6M vs
$53M est. Beyond Meat -12% after delaying earnings. Palantir +2% ahead of Q3. Cisco +1% after UBS upgrade citing AI growth.
$AMZN $ADEA $ARE $SPX $DJIA