PG&E Falls on Liability Bill; Nvidia Rises on Chip Investment | Stock Movers
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On this episode of Stock Movers: - PG&E (PGE) are extending their downward move as California legislators introduced a bill that would update the state’s wildfire response without shifting liability away from publicly traded utilities. At least three research firms, including BMO Capital Markets and Wells Fargo, downgraded the stock. - Chevron (CVX) and ExxonMobil (XOM) shares are rising along with the price of oil. Washington and Tehran exchanged strikes for the first time in about a month, with US Central Command targeting rocket launchers preparing to send mines into the Strait of Hormuz. In response, the Islamic Revolutionary Guard Corps said that it had attacked US air bases in Jordan. - Nvidia (NVDA) shares are rising after the leader in AI chips dropped 4.6% Friday. It's the only stock rising in the Mag 7 on Monday. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twit
Tags: AI, Caroline Hepker, Chevron Corp., Economy, Electricity, Environment, Exxon Mobil Corp., Gas, Investing, NVIDIA Corp., PG&E Corp., Paul Sweeney, Spending, Stacey Vanek Smith, Stock Movers, Utilities, Wildfires, semiconductors, stocks, tech
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