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Chipmakers Rise, Mosaic Falls on Iran War
Description
On this episode of Stock Movers:
-Chipmakers Intel, Advanced Micro Devices, and Nvidia (INTC, AMD, NVDA) rise after individual investors boosted purchases of technology shares to the highest level in a year last week,
-Mosaic (MOS) shares fall after the fertilizer company forecast second-quarter phosphates sales volumes that missed the average analyst estimate and pulled its full-year production guidance, as higher Iran war-related costs pressure margins.
-Cerebras Systems Inc. increased the size of its initial public offering, now seeking to raise as much as $4.8 billion, as demand for the artificial intelligence chipmaker and data center operator’s shares continues to build.
The company is offering 30 million shares for $150 to $160 each, according to a filing with the US Securities and Exchange Commission on Monday.
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