On this episode of Stock Movers:
- Boeing (BA) shares advanced as much as 9.2% after Malave’s comments, which provided the first detailed look at the planemaker’s cash projections for 2026. The company expects to generate cash again in 2026, with positive free cash flow to reach the “low-single digits” billions of dollars. They still expect to eventually reach the $10 billion cash-generation target outlined by the previous management team, according to Boeing Chief Financial Officer Jay Malave.
- Shares in Eric Trump’s crypto mining business lost more than half their value in less than 30 minutes on Tuesday. The nosedive of American Bitcoin Corp, (ABTC)which triggered repeated trading halts, followed the steep decline of many cryptocurrencies and crypto-linked companies into what some observers are calling the onset of a “crypto winter”. Bitcoin’s value has fallen sharply since the start of October and erased a year of large gains.
- Marvell Technology (MRVL) announced plans to acquire startup Celestial AI for about $3.25 billion, part of a push to capture more of the spending on artificial intelligence computing. The payment will include $1 billion in cash and Marvell shares valued at $2.25 billion, with the possibility of additional Marvell shares if Celestial AI hits certain revenue targets.
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