Weekly Roundup: Genuine Parts Jumps , Apple Rises, Chip Stocks Fall

On this episode of Stock Movers, we take a look at some of the week's biggest gainers and decliners:

- Shares of Genuine Parts (GPC) are up about 7% while shares of O'Reilly Automotive (ORLY) are down about 2% after Bloomberg said Genuine has attracted a cash bid for its auto parts unit from O'Reilly.

-Apple (AAPL) stock rose more than 4% to end the week, outperforming a sharply weaker technology sector. The technology giant is in negotiations to buy chips from two Chinese semiconductor makers on a Pentagon blacklist to help reduce the impact of a global memory shortage that’s forced the company to raise prices across its product line.

- Shares of semiconductor companies are down to close the week, after the Information reported that Anthropic started early-stage work on its own AI chip and held talks with Samsung Electronics as a potential manufacturing partner. The report cited three people familiar with the matter. Among notable movers: Micron -3.1%, Sandisk -9%, Western Digital -4.9%, Seagate -5.3%, Intel -2.9%, Nvidia -0.6%, AMD -3.9%, Broadcom -0.5%

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