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Samsung Gains, Tencent Dips, Topsports Tumbles
Published 3 months ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Chip stocks extended a global rally as investors renewed bets that the artificial intelligence trade has further room to run. Samsung shares climbed as much as 12.9%.
- Tencent shares down as much as 6.3%, with traders pointing to concerns over the company’s mobile gaming revenue. Meanwhile Chinese tech companies across the board dip as pressure builds for the US to respond to the growth of LLMs.
- Topsports tumble as much as 26% after the company received an official notice from Nike that its online sales of Nike’s products in China will terminate completely from Jan. 1.
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