MSG Sports; Intel Soars; SpaceX Set to Decline

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of Madison Square Garden Sports (MSGS) declined on Wall Street as the New York Knicks' championship parade packed Lower Manhattan with fans, cops, and confetti. A ticker-tape parade stepped off from Bowling Green in Lower Manhattan, traveling north along Broadway. Players including Jalen Brunson, Mikal Bridges, OG Anunoby and Karl-Anthony Towns — accompanied by New York City Mayor Zohran Mamdani and the state’s governor, Kathy Hochul — rolled along the “Canyon of Heroes” on floats, waving to sidewalks crammed with fans, many of whom had been waiting for hours to get a glimpse of the champs. The parade will conclude at City Hall Plaza with a ticketed ceremony where Mamdani will present the team with keys to the city.
- Shares of Intel (INTC) surged Thursday after US President Donald Trump said the chipmaker will work alongside Apple Inc. to design and produce semiconductors domestically. Trump didn’t elaborate on that tie-up, which he mentioned after championing Nvidia Corp. and Elon Musk’s Terafab chipmaking ambitions in a Truth Social post. The iPhone maker has held exploratory discussions about using Intel and Samsung Electronics Co. to produce the main processors for its devices in the US.
- SpaceX (SPCX) shares moved lower Thursday, putting them on track to fall for a second straight day as it wraps up its first week as a public company following a record initial public offering. The stock fell as much as 3.5% in premarket trading after initially rising 2%. The move is set to extend Wednesday’s nearly 5% decline, the first down day for shares after they jumped 49% across their first three days of trading. Still, the rocket and AI company remains on track to end the week nearly 40% above its $135 IPO price.

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