Chip Stocks Rebound, JetBlue Plunges, Nike Declines

Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- AI-linked stocks are rising on Monday after Anthropic PBC told prospective investors that its preliminary second quarter revenue was $11.5 billion, an at least 14-fold increase versus the same period a year ago. Among stock gainers: Nvidia +0.02%, Micron +4.3%, Marvell Technology +6.4%, Western Digital +6.0%, Lumentum +2.3%, Coherent +5.4%, Sandisk +7.5%, Applied Materials +4.8%, KLA +2.4%, Bloom Energy +4.8%

- JetBlue Airways (JBLU) shares drop as much as 4.8% after Seaport Global Securities cut the recommendation on the airline to neutral from buy. Analyst Daniel McKenzie says balance sheet risk moves to the front burner without the Strait of Hormuz opening, which was a critical assumption behind Seaport’s JBLU upgrade last April. McKenzie says that the shares “could ultimately become worthless” if JBLU’s balance sheet becomes too indebted due to oil spikes from increased hostilities with Iran, which may force the carrier to boost debt to fund losses

- Nike (NKE) stock fell more than 3% on Monday, hitting a fresh 52-week low of $39.41. The primary immediate trigger for the drop stems from premium competitor On Holding AG and its recent financial guidance. Nike remains pinned below its major moving averages, which keeps the longer-term bias bearish until price can reclaim key trend lines.

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