Infineon, Chevron, Eli Lilly & CVS: Trending Tickers

Morning Brief host Julie Hyman tracks several of the day's top trending stock tickers, including Infineon Technologies (IFX.DE, IFNNY) raising its revenue guidance on AI data center demand, Chevron (CVX) choosing West Texas as the site of its first AI data center project, and Eli Lilly (LLY) reportedly dropping CVS Health's (CVS) drug plan from employee coverage.

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Video Transcript

00:00 Speaker A

First up, Infineon. The German chipmaker forecast that revenue will return to growth in the 2026 fiscal year. The company says it sees moderate revenue growth fueled by the global boom in artificial intelligence data centers. Shares rose the most since April on that outlook. Data center demand is helping Infineon weather weak growth prospects in its automotive market, which represents about half of its sales.

00:27 Speaker A

Next up we got Chevron. The oil giant chose West Texas as the site of its first project to provide natural gas fired power to an AI data center. Chevron's in exclusive talks, it says, with the data center's end user, which it didn't name. It's the beginning of a new line of business for the oil giant to capitalize on the boom in artificial intelligence. Chevron made that announcement ahead of its investor day, which is happening today.

00:54 Speaker A

It also plans to keep boosting its oil and gas production through 2030. At the same time, it's going to continue to cut structural costs by up to $4 billion by the end of next year. Those shares little changed ahead of that investor day.

01:08 Speaker A

And finally, Eli Lilly, the pharma giant is dropping CVS's drug benefit plan for its employees. According to Bloomberg, Lilly made the decision after CVS chose to stop covering its weight loss drug in favor of a rival medication from Novo Nordisk. Lilly will automatically move its employees to a new pharmacy benefit amid that dispute.

01:30 Speaker A

As always, you can scan the QR code below to track the best and worst performing stocks with Yahoo Finance's trending tickers page.

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