Nvidia Drops, Paramount Skydance Rises, Estee Lauder Gains After Ratings Upgrade
On this episode of Stock Movers:- Nvidia (NVDA) shares drop after SoftBank sold its entire stake in Nvidia for $5.83 billion to help bankroll AI investments. Softbank has sold out of Nvidia once before in 2019, then resumed buying small stakes in Nvidia in 2020.- Paramount Skydance (PSKY) shares rise after the company reported financial results for the first time since a new investor group took over the media company in August. The company raised its cost savings goal to at least $3 billion and said it's planning an additional 1,600-person workforce reduction.- Estee Lauder (EL) shares gain…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.