AOL Owner Bending Spoons Jumps After IPO, Nike Rises, Meta Plans New Cloud Business

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- AOL owner Bending Spoons (BSP) shares rose 14% above their initial public offering price after the company and some of its backers raised $1.68 billion. The trading gives Bending Spoons a market value of over $20 billion. That compares with a valuation of about $14.5 billion in 2025, after a funding round comprised of $270 million in primary capital and $440 million in secondary capital and a $2.8 billion debt package, according to PitchBook data.

- Nike (NKE) executives gave a cautious outlook and warned about elevated consumer anxiety, adding to investor concerns about the sportswear company’s painfully slow turnaround. Nike expects a slowdown in the coming quarter compared to the current period, citing the timing of wholesale shipments in North America among other factors. Shares fell immediately after the earnings release, before eventually trading higher.

- Meta (META) 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. Shares rallied on the Bloomberg News report.

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