Nov. 26 at 8:55 PM
Stocks moved sharply Wednesday as investors bet the Fed will cut rates in December. Alphabet fell after hitting a record high, amid AI competition concerns from Nvidia. Nvidia rose 1.4% after a recent drop, while AMD rebounded 3.6%. Apple edged up 0.5% toward an all-time high, with a market cap of
$4.09 trillion.
Dell Technologies gained 6.3% following strong Q3 results and higher AI server guidance. HP Inc. declined 1.9% despite better-than-expected Q4 earnings, citing high memory costs and a planned 10% workforce cut. Robinhood jumped 10% after launching a futures and derivatives exchange with Susquehanna. Li Auto rose 1.1% after mixed Q3 results.
Deere fell 4.6% after projecting lower fiscal 2026 net income than expected. Autodesk climbed 3.4% following strong Q3 results, while Nutanix dropped 19% after cutting its full-year sales outlook. Urban Outfitters surged 13% on strong Q3 earnings and 8% same-store sales growth.
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