Monolithic Power Stock Drops on Risks to Nvidia Allocation | Global News Avenue

Major U.S. stock indexes were mixed on Wednesday, with little change.

The latest Consumer Price Index (CPI) report shows that Inflation remains relatively stable The October rate cut was in line with economists’ forecasts and bodes well for further Fed rate cuts in December.

The S&P 500 was essentially flat in midweek trading before ending up slightly higher, less than 0.1%. The Dow rose about 0.1% and the Nasdaq fell 0.2%.

Warner Bros. Discovery Channel (World BD) shares rose 5.4%, locking in the S&P 500 index’s daily performance top spot. Wolfe Research upgraded the media giant’s stock to “peer perform” from “underperform” earlier this week. While analysts acknowledged that WBD faces ongoing challenges from declining linear TV revenue, they highlighted several bright spots. Analysts said the Max streaming service has potential for international growth, improved profitability in the direct-to-consumer (DTC) space and potential opportunities arising from industry trends in rebundling and partnerships.

Albemarle stock (albumin), the world’s largest lithium miner, rose 5.2%. Wednesday’s gains extend Albemarle shares’ gains earlier this week after Australia’s Liontown Resources (LINRFThe company became the latest lithium producer to scale back production plans as metal prices remain under pressure. Albemarle’s earnings report last week showed a wider-than-expected quarterly loss but provided details on cost-saving measures including job cuts.

Cable and internet provider Charter Communications (CHTR) announced an agreement to acquire media tycoon John Malone’s Liberty Broadband (LBDA) in an all-stock transaction. Liberty’s assets include its subsidiary GCI, Alaska’s largest communications provider, and an approximately 32% stake in Charter. Charter and Liberty’s boards of directors approved the deal. Charter shares closed the day up 3.6%.

Following sharp losses on Monday, power management chip maker Monolithic Power Systems (MPWR) had the largest single-day decline among S&P 500 stocks for the second time this week, falling 6.6% on Wednesday. A report from semiconductor giant Nvidia said the losses occurred inNVDA) may omit or cut Monolithic components from its next-generation AI chips.

AMD stock (SMCI) fell 6.3%, exacerbating a series of losses The stock has been hammered since the server and data storage maker said it would delay its fiscal first-quarter earnings report. Super Micro has not yet announced when it will disclose results, and if delays continue, the stock may face the risk of being delisted from Nasdaq.

ResMed (RMD) shares fell 4.8% after regulatory filings showed two executives and a board member sold stock in the medical device maker. Investors often interpret insider selling as a lack of confidence in a company’s upcoming results.