Copyright The Street
The market had a mixed performance on Tuesday, Nov. 11, with tech stocks underperforming as a ripple effect of Nvidia’s lackluster performance. The S&P 500 was up 0.2% at the close, led by surprise performances from Viatris and Paramount Skydance. The tech-heavy Nasdaq Composite, however, slipped 0.3% with losses in Micron and Arm Holdings. The Dow Jones Industrial Average continued its gains from Monday, rising 1.2% at the close, with an intraday increase of more than 500 points. The small-cap Russell 2000 was up a modest 0.1%. The Senate approved a funding bill 60-40 on Monday and is now headed to the House, where it is expected to be passed on Wednesday, effectively ending the most extended government shutdown. Air troubles continue to escalate, especially for the “defectors” identified by President Trump, as concerns over some air traffic controllers losing their jobs loom large, per comments made by US Transportation Secretary Sean Duffy. Today is Veterans’ Day, and as the government celebrates their service to the country, OpenAI has plans to help them successfully transition into civilian jobs with ChatGPT. It announced a free year of ChatGPT Plus for service members and veterans if they are within 12 months of retirement or separation. The intention is to help them build resumes to explore new careers. Here are the most active stocks today Five S&P 500 stocks making big moves today are: Viatris Inc: +10.1% Paramount Skydance: +9.8% Moderna: +6.7% Dexcom: +5.9% FedEx: +5.4% The worst-performing five S&P 500 stocks today are: Applovin: -8.7% Vistra: -4.8% Micron Technology: -4.8% Coinbase Global: -4.4% Lam Research: -4.3% Stocks also worth noting include: CoreWeave: -16.3% Rigetti Computing: -5.1% Palantir: -1.8% AMD: -2.7% Opendoor tech: +6.6% BigBear AI: +6.1% Paramount up after Q3 earnings The stock of Paramount Skydance (PSKY) surged 9.8% on Tuesday after the media conglomerate announced strong Q3 2025 earnings on November 10, its first as a merged entity. More Streaming: David Ellison may still raise Paramount bid for Warner Bros. Discovery Disney sees cancellations after consumer boycott Peacock earnings force unexpected NBC pivot The Paramount and Skydance merger, which was announced in 2024, was officially completed in August 2025. The company’s Q3 revenue was flat at $6.7 billion. Still, its direct-to-consumer (DTC) business grew 17% year-over-year, a division that Paramount believes is its most profitable and a top priority. A majority of the DTC growth is attributed to Paramount+ revenue and a steady 10% subscriber growth, which has reached 79 million. Paramount+ accounts for 80% of Paramount Skydance’s DTC business. In a letter to shareholders, company executives outlined that their first 100 days as a merged entity were spent realizing these priorities: Investing in growth businesses anchored by creative engines and exceptional storytelling. Scaling direct-to-consumer business globally. Driving efficiency enterprise-wide with a focus on long-term free cash flow generation. The media giant announced several exclusive multi-year partnerships with Matt Stone and Trey Parker (South Park), the Duffer Brothers (Stranger Things), and secured the rights for a live-action movie adaptation of the renowned game Call of Duty. All this, along with a landmark UFC streaming deal, will all be available to stream to Paramount+ subscribers. The optimism around its Q3, with new lineups for its content consumers, is driving optimism around Paramount Skydance’s stock, which recorded a 64% stock gain this quarter. The company forecasted $30 billion in revenue for 2026 and an adjusted OIBDA (Operating Income before Depreciation and Amortization) of $3.5 billion. It also raised its run-rate savings target to $3 billion, up from $2 billion by 2027. An improved run-rate savings allows for higher profit margins, increases valuation, and leaves more free cash for other investments. Analysts see Paramount’s Q3 reports promising Everscore ISI raised its target to $14 from $12, maintaining an In Line rating, citing the company’s post-merger focus on growth and strategic expansion as major drivers. But, it also noted that the company’s reliance on linear media and execution in the DTC and film segments will be challenging but is crucial for future success, as reported by TheFly. The Bank of America raised its price target to $13 from $11, maintaining an Underperform rating, noting that the results were “largely mixed” on a consolidated basis and Paramount’s streaming profitability exceeded forecast. BofA agrees that the media company has a “very strong management team.” Still, there are many unknowns on the company’s strategic initiatives, and restructuring takes years to implement, as reported by TheFly. CoreWeave slips over data center troubles GPU cloud provider CoreWeave’s (CRWV) stock slipped 16% on Tuesday despite reporting strong revenue growth in its Q3 2025 earnings report on November 10. The company, which began publicly trading in March 2025, has since been a stock in demand despite apparent volatility, due to its close collaborations with tech giants Nvidia, OpenAI, and Meta. However, its stock price declined by 34% this quarter, currently trading at $89. However, investors reacted strongly to Q4 guidance cuts tied to delays in data-center infrastructure. CoreWeave CFO, Nitin Agrawal noted that these delays are temporary but will have a near-term impact on the Q4 revenue, which the company expects to be in the range of $5.05 billion to $5.15 billion. Analysts are cautious about this guidance update. Mizuho lowered its price target to $120 from $150, keeping a Neutral rating, citing lowered Q4 guidance due to infrastructure timing issues as the reason. The investment firm is “incrementally less optimistic” about CoreWeave’s revenue over the near term, as noted at TheFly. Meanwhile, Morgan Stanley’s Keith Weiss raised the price target to $99 from $91, keeping an Equal Weight rating, noting strong demand for GPU capacity continues to position CoreWeave as “the market’s most effective GPU cluster builder.” Also, noting that supply constraints, even if short-term, highlight execution risks, as reported by TheFly. CoreWeave has recently added eight new data centers across the U.S., with additional expansions underway in Europe, following the launch of CoreWeave Federal to bring cloud services to U.S. government agencies. Softbank sells Nvidia shares SoftBank Group’s stock was up 3.6% trading on Tuesday after confirming in its quarterly earnings report that it sold its entire 32.1 million share stake in Nvidia (NVDA). On November 11, SoftBank CFO Yoshimitsu Goto disclosed that the company sold its entire Nvidia stake for $5.8 billion in October to pay for its investments in artificial intelligence. For Goto, Softbank’s biggest growth driver is OpenAI, and to cement this long-term partnership, it intends to invest an additional $22.5 billion in December. Additionally, it credits Arm Holdings, a British semiconductor company, for its record-high revenue that is helping drive royalties for the investment bank. NVIDIA’s stock was down 2.9% on Tuesday following the news.
