Amazon-Decart Latest; T-Mobile Upgrade; Sandisk Slide | Stock Movers
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Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Amazon (AMZN) shares are moving on news it's in negotiations to acquire Decart AI, an artificial intelligence startup, in a deal that could be valued at around $7 billion, the Wall Street Journal reported.The purchase could be wrapped up soon if the negotiations don’t collapse, the Journal said, citing people familiar with the matter. - T-Mobile (TMUS) shares are rising after Raymond James upgraded the stock to outperform from market perform, noting that the recent pullback in shares has created a buying opportunity. Analyst Frank Louthan says the “recent fears over SpaceX competition are overblown, as it is three-plus years from becoming a reality.” - Sandisk (SNDK) is falling as investor worries rise on how memory and software stocks will be impacted by the AI trade. - Stellantis (STLA) shares are moving after CEO Antonio Filosa says each of the company’s 14 brands have a unique role to play, m
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