SpaceX Slips, Alphabet Tumbles, Getty Images Soar
On this episode of Stock Movers:
- SpaceX (SPCX) shares slipped for a third straight day after the Elon Musk-led company said it is selling investment-grade bonds for the first time, part of what’s expected to be a massive borrowing spree to fund its artificial-intelligence ambitions.The stock fell as much as 10% Monday morning in New York. The drop follows a retreat of more than 8% over Wednesday and Thursday, before the US market closed Friday for the Juneteenth federal holiday
- Alphabet (GOOGL) shares tumbled on Monday following the departure of another high-profile artificial intelligence leader to a rival.The stock fell as much as 7.2%, the most intraday since February, after Google DeepMind Vice President John Jumper said over the weekend he was leaving for Anthropic. Last week, one of Google’s most prominent researchers, Noam Shazeer, announced he was leaving for OpenAI.
- Getty Images (GETY) shares soar as much as 136% on Monday, the most intraday since July 2022, as the company announced a display partnership With OpenAI. Under the partnership, Getty Images’ licensed content libraries will appear across OpenAI search and discovery experiences within ChatGPT, according to a statement.
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