SanDisk涨8% EyePoint暴跌73% Snap跌5.2%

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the Stock Movers podcast, your [music] roundup of companies making moves in the stock market, harnessing the power of Bloomberg data. Let's

take a look at some of the stocks on the move today. We can do that now with Bloomberg's Judy Lru. Judy, what are you looking at today?

Good morning, Paul. I'm first looking at SanDisk, ticker SNDK. Shares of SanDisk are rising as much as about 8% on the day. It's on track for its highest uh price in about a month. And this is coming after Anthropic told investors that its preliminary second quarter re revenue was 11.5 billion. And that represents at least a 14fold increase year-over-year. So, Bank of America economists wrote that AI hypers scale or capex plans quote uh show no signs of slowing down and are expected to grow about 35% again next year.

Um so other shares um of excuse me other names that are also rallying this morning Marvel ticker MRVL Western Digital ticker WDC and Micron ticker MU.

All right, Judy, what else are you looking at this morning?

Sure. I'm looking at I point um ticker EYPT shares are plunging as much as 73% in trading today. It's on track for its worst day on record. And this is coming after the drug developer said its experimental treatment for an eye disease failed to meet its primary goal in its latest stage trial. And so we often see certainly wild swings with pharmaceuticals, but this is certainly of known in today's trading. All right, we're going to talk to uh Sam Pazelli later today on all things pharma and biotech here.

Um, all right, one more name out there.

Last is Snap, ticker SNAP. Shares are falling as much as 5.2% and it is on track for its lowest price in about 2 weeks. And this is coming after basically the social media company is set to break their win streak. A lot of really interesting news is coming out about social media, particularly um with Snapchat. The stock is down about 33% this year. Um, it's really been plagued by high insider selling as well as a landmark court ruling that talked about how social media platforms like Snap are liable for what they put out and that they have been quite addictive and deceiving to um, young internet users.

So, uh, space to watch there as well.

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