Episode Details
Back to Episodes
Akamai Rallies on Anthropic Deal, Twilio Slips, McDonald's Drops
Published 1 week, 3 days ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Akamai (AKAM) shares climbed as much as 16%, the biggest intraday gain since May 8 on news that signed an $11.6 billion, seven-year contract with it for computing power, adding to the AI developer’s growing list of data center deals.
- Twilio (TWLO) shares are trading lower as HSBC downgrades the communications software company to reduce from hold, seeing “limited evidence that Twilio will capture higher-margin AI software” revenue.
- McDonald's (MCD) shares are falling after executives at the fast-food chain said during it’s investor event that US sales would be “slightly negative” in the third quarter, after slower-than-expected growth in the previous one.
See omnystudio.com/listener for privacy information.