Stock Movers UnitedHealth Falls; Chip Stocks Pop; Fedex Teams Up with Amazon
May 13, 2025
UnitedHealth Group faces a dip after suspending its 2025 outlook due to rising medical costs. In contrast, tech stocks shine, with AMD gaining from a potential semiconductor deal in Saudi Arabia. Nvidia is on the rise as it awaits similar news. Meanwhile, FedEx benefits from a renewed partnership with Amazon, marking a turnaround in their relationship after years apart.
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UnitedHealth Suspends 2025 Outlook
- UnitedHealth suspended its 2025 outlook due to higher medical costs for new Medicare Advantage beneficiaries.
- The company expects to return to growth in 2026 and named Stephen Hemsley as new CEO effective immediately.
Saudi Arabia Gets More Chip Access
- Tech stocks like AMD and Nvidia gained amid expectations Saudi Arabia will get increased access to advanced US chip technology.
- This move links to Saudi investments in AI and expanding their data center capabilities, though US officials have concerns about China's potential access.
FedEx-Amazon Partnership Renewed
- FedEx and Amazon resumed their partnership with a multiyear deal for FedEx to deliver large packages to Amazon.
- This is significant as Amazon had reduced UPS package deliveries, and FedEx lost USPS volume, making this partnership mutually beneficial.