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Qualcomm Challenges Nvidia, Lululemon Rises, Keurig Dr Pepper Jumps
Description
On this episode of Stock Movers:
- Qualcomm (QCOM) kicked off its biggest stock rally since 2019 after unveiling chips and computers for the lucrative AI data center market, aiming to challenge Nvidia in the fastest-growing part of the industry.
- Lululemon Athletica (LULU) rises after entering an arrangement with the National Football League and sports merchandiser Fanatics to develop a line of fan apparel. This comes as the yoga-wear retailer searches for new avenues of growth.
- Keurig Dr Pepper (KDP) jumps after the company announced it is raising $7 billion from Apollo and KKR to help finance its acquisition of JDE Peet’s NV, aiming to ease investor concerns about taking on too much debt.
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