Stock Movers AT&T Lower Despite Beat; GE Vernova Higher; Meme Stock Mania
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Jul 23, 2025 AT&T surprised everyone with a stock drop despite beating earnings expectations and gaining new subscribers. Meanwhile, GE Vernova is riding high on optimistic revenue forecasts. Texas Instruments caused a stir with a worrisome outlook that raised concerns about the impact of tariffs. The real excitement lies in the meme stock phenomenon, as companies like GoPro and Krispy Kreme soar due to social media hype and short squeezes, leaving fundamentals in the dust.
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AT&T Subscriber Beat vs Market Worry
- AT&T beat subscriber growth expectations significantly, adding 401,000 new wireless phone customers against an estimate of 301,000.
- Despite this positive subscriber growth, the market reacted negatively, likely due to concerns about AT&T's planned $3.5 billion investment to accelerate its fiber network expansion.
GE Vernova Revenue and Growth Outlook
- GE Vernova raised its full-year revenue forecast to the high end of $36 billion to $37 billion and maintained 2025 guidance.
- The company benefits from expanding margins and retains tariff impact estimates on the low end of previous expectations, driven by growing demand for electricity from AI growth.
TI Warns on Tariff Impact Uncertainty
- Texas Instruments saw its stock plunge following a cautious third-quarter forecast.
- Investor fears center on tariff-related sales distortions and the uncertainty of their true impact on the recent 16% revenue jump.