Midday movers: Nvidia, Illumina, American Eagle Outfitters and more

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Intel (INTC) slumps after being outshined again by rival Nvidia (NVDA)

May 25, 2023 3:38 PM EDT

It was a spectacular day for Nvidia shareholders. The stock surged 25% after the company forecasted quarterly guidance that was 50% higher than estimates due to surging demand for chips for artificial intelligence.

It was a much different story for Intel (NASDAQ: INTC). Long... More

Illumina (ILMN) board chair voted out, CEO survives vote

May 25, 2023 2:24 PM EDT

On Thursday, Carl Icahn, an activist investor, gained sufficient support from Illumina (NASDAQ: ILMN) shareholders to oust the biotech firm's board chairman John Thompson.

However, two of Icahn's other board nominees, Vincent Intrieri and Jesse Lynn, were not elected after failing to... More