On this episode of Stock Movers:
- Nvidia (NVDA) shares are higher as it is on track to become the first $5 trillion company as Chief Executive Officer Jensen Huang’s spree of deals propels the artificial intelligence frenzy to new heights. Wall Street analysts are overwhelmingly bullish on the firm’s future prospects, with more than 90% of analysts tracked by Bloomberg giving its stock a buy-equivalent rating.
- Caterpillar (CAT) is climbing after it reported adjusted earnings per share for the third quarter that beat the average analyst estimate.
- TE Connectivity (TEL) jumped as it delivered a strong finish to its fiscal year and expects a strong start to fiscal 2026, with even more AI growth. AI-related business amounted to roughly $900 million in fiscal year 2025, and CEO Terrence Curtin expects more growth in 2026, with another $600 million of growth possible.
- Mondelez (MDLZ) is lower after the snack-food company cut its adjusted earnings per share forecast for the full year. High cocoa costs continue to squeeze margins, but the company expects conditions to improve in the coming weeks as cocoa futures have tumbled.
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