On this episode of Stock Movers:
- Robinhood (HOOD) shares traded higher as much as 7.5% on Wednesday after the company announced that it is are buying a majority stake in LedgerX, a US-based derivatives exchange once owned by FTX and now run by Miami International Holdings Inc., alongside Susquehanna International Group. The deal gives the companies access to the prediction markets.
- Dell (DELL) raised its annual projections for the key artificial intelligence server market, a sign of sustained demand for the type of machines needed in the current data center boom. Dell booked $12.3 billion of AI server orders in the fiscal third quarter, which ended Oct. 31, the company said Tuesday in a statement. Dell shipped $5.6 billion worth of the servers and ended the quarter with backlog of $18.4 billion. The company raised shipment projections for the year to $25 billion from $20 billion. Shares rallied in extended trading after earnings on Tuesday and continued to rally on Wednesday.
- Deere (DE) weak forecast for the year ahead reinforces the difficulty in predicting a recovery in the US farm economy as uncertainty continues to swirl over the impact of tariffs and trade deals. Shares of the world’s biggest farm machinery maker fell as much as 5.7% in New York as the company’s first profit outlook for 2026 fell short of expectations. The forecast underscores how the agriculture sector remains in the dark even after a US trade agreement resumes crop shipments to China.
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