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Stock Movers: Meta Rises on Cloud Infrastructure, Coreweave Sinks, Bending Spoons IPOs | Stock...
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July 1, 2026
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July 1, 2026
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8:56Now PlayingToday's biggest winners and losers in the stock market.
On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Bailey Lipschultz, Katie Greifeld, Carol Massar and Tim Stenovec
-Meta (META) shares soar on news the company is developing plans for a cloud infrastructure business that will sell access to AI computing power and models, setting up a new vector of competition with industry leaders like Amazon Web Services, Microsoft Azure and Google Cloud. Coreweave (CRWV) shares tumbled on Meta's cloud infrastructure business.
-Bending Spoons (BSP) shares surged on their first day of trading after the company and some of its backers raised $1.68 billion. The Milan, Italy-based company, which acquires struggling software businesses, finished Wednesday at $40.50 each, above the IPO price of $29 per share.
-Caterpillar (CAT) shares fell the most since April 2025 after Michael Burry, made famous in The Big Short for his bets against the US housing market ahead of the 2008 crisis, said he shorted the industrial heavyweight for the first time.
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Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
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Stock Movers: Meta Rises on Cloud Infrastructure, Coreweave Sinks, Bending Spoons IPOs
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