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Nvidia Rises, Intuit Drops, Ralph Lauren Gains as Luxury Shoppers Spend at Full Price | Stock Movers
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May 21, 2026
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3:04Now PlayingOn this episode of Stock Movers:
- Nvidia (NVDA) shares rise. Nvidia Corp. aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions.
- Intuit (INTU) shares drop. The tax-preparation software company reported its third-quarter results and gave an outlook. It also said it is cutting about 17% of its staff, confirming an earlier Reuters report. The company expects to incur about $320 million in restructuring charges, largely in the current period, and said the job reductions are meant to simplify the organization.
- Ralph Lauren (RL) shares gain. Ralph Lauren Corp. reported revenue and profit that beat analyst expectations, demonstrating momentum with consumers amid tariff uncertainty.
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Nvidia Rises, Intuit Drops, Ralph Lauren Gains as Luxury Shoppers Spend at Full Price
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