Micron experienced a significant increase in their share price, jumping by 16.5% after surpassing analyst expectations for their fiscal second-quarter earnings and revenue. The company reported earnings of 42 cents per share on $5.82 billion of revenue, which was higher than the anticipated loss of 25 cents per share on $5.35 billion of revenue. In addition, Micron provided a positive outlook for third-quarter earnings and revenue, further boosting investor confidence in the company.
Apple
On the other hand, Apple saw a 1% decline in its stock price following reports that the Justice Department could file an antitrust lawsuit against the tech giant. This news caused some uncertainty among investors, leading to a slight decrease in Apple’s share value.
Astera Labs (ALAB)
Astera Labs, a company specializing in data center connectivity chips, experienced a 2% increase in its share price after debuting on the Nasdaq. The surge in the stock price by 72% on its first day of trading showcases investor optimism in the company’s growth potential.
Li Auto
Li Auto, a Chinese electric-vehicle maker, witnessed a 9% drop in its U.S.-listed shares after revising its first-quarter delivery expectations. The company announced that it expected deliveries of 77,000 vehicles, down from a previous estimate of 101,500 vehicles. This revised outlook led to a decline in investor confidence and a subsequent decrease in the company’s stock price.
In contrast, Broadcom saw a 3% increase in its share price after receiving an upgrade from TD Cowen to outperform. The chipmaker’s potential upside in the artificial intelligence business was highlighted by analyst Matthew Ramsay, contributing to the positive market sentiment towards the company.
Revolve Group
Revolve Group, a fashion retailer, experienced a nearly 5% increase in its stock price after being upgraded to outperform by TD Cowen. The firm’s expectation of a return to growth for Revolve after a challenging year further boosted investor confidence in the company.
Nvidia
Nvidia witnessed a 2% increase in its share price after TD Cowen reiterated an outperform rating for the company and raised its price target. The introduction of Nvidia’s latest Blackwell platform during its GTC conference reaffirmed the company’s leadership in AI chips, leading to a positive outlook from analysts.
Chewy
Despite reporting strong fourth-quarter earnings and revenue, Chewy’s stock price fell by 2% due to soft guidance for the current quarter. The company’s projected revenue for the first quarter was lower than analyst expectations, causing a slight decrease in investor confidence.
Five Below
Five Below, a discount retailer, experienced a 13% decline in its stock price after reporting an earnings and revenue miss in the fourth quarter. The company also issued light guidance for future financial performance, leading to a negative market reaction and a decrease in its share value.
Guess saw a significant jump in its stock price, increasing by nearly 12% after surpassing analyst expectations for adjusted earnings and revenue. The company’s strong financial performance in the latest quarter contributed to the positive market sentiment towards Guess.
Darden Restaurants
Darden Restaurants witnessed a 4% drop in its share price after falling short of analyst revenue estimates for its fiscal third quarter. The company also announced a new share repurchase program, which failed to fully offset the negative impact of revenue numbers on investor confidence.