Stock Movers Nvidia Rises, Bath & Body Works Slumps, Verizon Drops on Layoffs
Nov 20, 2025
Isabel Lee, a Bloomberg reporter specializing in corporate news, brings insights on recent market shifts. She discusses Nvidia's impressive $65 billion revenue forecast, countering fears of an AI bubble. Bath & Body Works faces challenges as it revises its outlook and initiates a major turnaround plan, exiting several product categories. Lee also outlines Verizon's significant layoffs of up to 13,000 roles under new leadership, raising concerns about employee morale and subscriber losses. Tune in for a deep dive into the latest corporate strategies!
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Nvidia's Strong Forecast Signals AI Durability
- Nvidia projected about $65 billion in sales for the January quarter, beating expectations by $3 billion.
- The company signaled a much larger multi-quarter revenue opportunity, suggesting sustained AI demand rather than a bubble.
Clear Zero Baseline For China Revenue
- Nvidia disclosed China revenue assumptions and set its China forecast to zero due to de facto export limits.
- That clear baseline reduces forecasting confusion even as it highlights geographic headwinds.
Refocus And Cost Cuts At Bath & Body Works
- Bath & Body Works will exit categories like men's grooming and hair care and aims for about $250 million in cost savings.
- The cut in outlook reflects weak consumer sentiment and tariff pressures hurting discretionary sales.