Stock Movers AMD Sinks After Earnings; Paypal, Novo Nordisk Falls
4 snips
Feb 3, 2026 Nora Melinda, Bloomberg Television markets correspondent covering stocks like AMD, NVIDIA, Novo Nordisk and PayPal. She discusses AMD’s afterhours slide tied to a weak AI forecast. She covers Novo Nordisk’s sales outlook reset amid GLP-1 competition and pricing pressure. She explains PayPal’s plunge after a leadership change and earnings miss.
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AMD Misses AI Expectations
- AMD's after-hours drop shows it's not capturing the AI momentum investors expected.
- Market participants compare AMD to NVIDIA as AI chip leadership shapes valuations.
OpenAI Influences Chip Demand
- OpenAI's chip preferences can shift demand among AI hardware suppliers.
- That dynamic pressures firms like NVIDIA and gives rivals a chance to gain share.
Novo Nordisk Faces GLP-1 Reset
- Novo Nordisk's sales outlook implies a sharp reset for GLP-1 growth this year.
- Competition and U.S. drug-price pressure drove a much larger sales decline than analysts expected.