On this episode of Stock Movers:
- Nvidia (NVDA) shares rise after the company delivered a strong revenue forecast, expecting sales of about $65 billion in the January quarter, and pushed back on the idea that the AI industry is in a bubble.
- Bath & Body Works (BBWI) shares slumped after cutting its full-year outlook and announcing a turnaround plan to refocus the home products retailer on its core business. The company will exit some categories, including men’s grooming and hair care, and launch its own brand page on Amazon.com Inc.’s webstore under the new transformation plan named the Consumer First Formula.
- Verizon (VZ) shares drop after the company announced wide-ranging layoffs Thursday morning that will shrink the company by as much as 20% of its non-union workforce, a major step in a turnaround plan led by new Chief Executive Officer Dan Schulman.
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