Movers

Marvell Technology shares are sliding today, tracking a broader semiconductor selloff that saw peers like Broadcom and AMD experience significant declines. While the company recently appointed three new independent directors to its board in preparation for a proposed 115 billion dollar acquisition, this news has been overshadowed by persistent market concerns regarding AI infrastructure regulation and the ongoing volatility surrounding major industry players like NVIDIA. Despite the stock pulling back, analysts continue to highlight the company's strong fundamentals, including projected earnings growth of 44.7 percent for the current quarter and 48.2 percent for the fiscal year.

Arm Holdings shares were sliding during the regular session as the semiconductor sector faced broad downward pressure following the resignation of Nvidia CEO Jensen Huang. The stock faced additional company-specific headwinds as reports emerged that Nvidia's board has approached Arm CEO Rene Haas as a potential successor to lead the company. This leadership uncertainty, combined with a wider selloff in chip stocks as the initial rebound from the news faded, weighed on investor sentiment throughout the day.

Coherent shares are selling off in sympathy with a broader downturn across the optical networking and hardware sector, as peers like Fabrinet and MACOM Technology Solutions also experienced significant declines. While the company recently reported strong fiscal Q1 2027 results featuring 50% revenue growth and an 80% surge in EPS, the stock is currently retracing following a 10% gain earlier in the week. This downward pressure appears to be a sector-wide cooling period rather than company-specific news, as investors weigh the risks of a potential regulatory crackdown on Chinese optical components that has recently impacted the broader industry.

Palo Alto Networks is trading higher in extended hours following a week of heightened attention surrounding its upcoming November 18 earnings report. The stock has been a focal point for analysts, including a recent upgrade to Overweight by KeyBanc, which cited the company's strong position in the artificial intelligence security market and expectations for accelerating spending. This positive sentiment has been bolstered by a high-profile Microsoft service outage, which analysts have framed as a potential selling point for Palo Alto's competing security solutions.

Global Payments is rallying following a recovery from the volatility seen earlier in the week, when the stock faced pressure after reports emerged that private equity firms had abandoned their takeover pursuit. The shares are now benefiting from positive sentiment surrounding the company's recent integration of Visa's Intelligent Data Exchange API, a move designed to leverage AI to improve merchant payment approval rates by 4-6%. This upward momentum is further supported by a broader lift in the financial services sector, as peers including PayPal, Mastercard, and Visa all posted gains during the most recent regular session.

Sandisk is selling off today as the stock continues to face downward pressure following the resignation of Nvidia CEO Jensen Huang. This leadership shake-up has intensified investor concerns regarding the sustainability of the artificial intelligence trade and the long-term demand for memory chips, causing the broader semiconductor sector to slide alongside peers like Western Digital and Micron. While the company recently demonstrated strong fundamentals with 378% revenue growth and secured multi-year contracts for its NAND output, the market remains focused on the potential for cooling AI demand and the regulatory risks facing the industry.

Teradyne shares were sold off during the regular session, largely tracking a broader decline across the semiconductor equipment industry where peers like FormFactor, Lam Research, and KLA Corporation also saw significant losses. This downward move follows a period of volatility for the stock, which had jumped 8.3% on November 11 after Jefferies initiated coverage with a buy rating and a $284 price target, citing a potential $2 billion revenue opportunity from Nvidia. The stock's recent performance has also been influenced by shifting institutional sentiment, highlighted by a November 12 report that Cathie Wood's flagship fund exited its remaining position in the company. Despite the recent pullback, the firm continues to see positive analyst sentiment regarding its Q3 revenue growth and its expanding role in AI accelerator and high-bandwidth memory testing.

Alnylam Pharmaceuticals shares surged during the regular session, buoyed by positive developments in its clinical pipeline despite ongoing legal headwinds. The company announced that its collaborator, Regeneron, reported promising first-in-human results for the CIDEB siRNA program targeting MASLD, while simultaneously advancing its own ALN-4324 therapeutic into Phase II trials for Type 2 Diabetes. These clinical advancements helped provide a counter-narrative to the negative sentiment generated by a recent investor alert regarding a law firm investigation into the company's October 29 earnings report, which had previously highlighted slowing demand for the key drug Amvuttra.

Western Digital shares sold off during the session as the broader semiconductor sector faced renewed downward pressure. The decline followed reports noting that chip stocks were sliding as the recent rebound in Nvidia shares faded, dragging down memory-focused peers like Micron and Seagate. While Western Digital continues to receive positive analyst sentiment regarding its strong projected EPS growth of 138.3% and its role in AI infrastructure, the stock remains caught in a volatile environment where investors are weighing the potential for a memory supercycle against concerns that current earnings may be near their peak.

Broadcom shares were sliding during the session, pressured by a downgrade from Rothschild & Co Redburn, which lowered its rating to neutral and cut its price target from $595 to $398. The analyst cited concerns regarding the company's significant exposure to AI startups like OpenAI and Anthropic, questioning the long-term financial sustainability of these customers. This negative sentiment was compounded by a broader semiconductor sector sell-off, as investors retreated from chip stocks following the leadership uncertainty surrounding Nvidia CEO Jensen Huang.

SK Hynix shares pulled back during the regular session as the broader semiconductor sector faced downward pressure, exacerbated by a fading rebound in Nvidia. This decline follows reports from earlier in the week regarding potential leadership instability at Nvidia, which has caused investors to reassess the risks associated with companies heavily exposed to its ecosystem. While the stock has faced recent volatility, the broader sentiment remains supported by a strong memory supercycle, with analysts noting that the company has already secured commitments for 50% of its memory supply through 2027.

Meta shares are trading higher, outperforming several of its Magnificent Seven peers as the broader tech sector navigates volatility surrounding leadership changes at Nvidia. The stock received support from positive institutional activity, as recent filings revealed new or increased positions in the company from firms including Cincinnati Insurance Co., Ethic Inc., and Candriam S.C.A. Additionally, sentiment was bolstered by the company's role in the Scam Center Strike Force, which successfully disrupted over 1.4 million accounts and froze $3.8 million in illicit cryptocurrency. While the company is also testing a new employee-focused prediction-market app, the move appears driven by a combination of institutional accumulation and relative strength compared to the wider communication services sector.

Astera Labs is trading lower under mild pressure following a broader semiconductor sector selloff that saw peer Credo Technology Group slide 5.9% during the previous regular session. While the company recently highlighted strong momentum at the BMO Capital Technology and Innovation Leaders Conference, noting that its Scorpio AI fabric portfolio has exceeded a $1 billion annualized revenue run rate, the stock is struggling to decouple from the wider market volatility. This downward move coincides with a broader tech retreat, including a significant decline in Nvidia, as investors navigate a bumpy week for Wall Street.

Axon Enterprise shares posted modest gains as investors weighed the company's long-term growth potential against a backdrop of recent negative sentiment. While the stock has faced downward pressure following legal investigations into federal contract delays and a recent earnings miss, some market participants appear to be viewing the significant year-to-date decline as a buying opportunity. This sentiment was bolstered by positive long-term outlooks highlighting the company's 33.5% revenue growth and strong demand for its software and drone-based public safety programs, such as the new deployment in Howard County.

CDW is under mild pressure in after-hours trading following a regular session that closed roughly flat. While the company recently received a positive outlook as a value play with a Zacks Rank #2 and a P/E ratio of 15.79—well below the industry average of 18.51—there is no specific company news released after the close to account for the current move. In the absence of a clear catalyst, the shares appear to be reacting to broader market or sector-specific volatility.

Micron Technology shares faced mild pressure during the regular session as the stock tracked a broader semiconductor sector sell-off. Investor sentiment was weighed down by ongoing uncertainty surrounding Nvidia following the resignation of CEO Jensen Huang, which intensified concerns regarding the sustainability of the artificial intelligence trade. This sector-wide malaise impacted memory peers as well, with SanDisk and Western Digital also experiencing notable declines during the session.

Strategy Inc. shares faced mild pressure during the regular session as the market continued to digest the news from November 12 that MSCI will remove the stock from its global benchmarks effective November 30. This exclusion triggered concerns regarding forced selling by passive index funds, which compounded investor anxiety surrounding the company's recent capital-raising activities and the negative Bitcoin yield reported in its latest updates. The stock's performance also mirrored a broader downturn in the cryptocurrency-related sector, as peers like MARA Holdings and CleanSpark saw similar declines during the session.

Rocket Lab shares are pulling back in line with a broader downturn across the aerospace and defense sector, which saw peers like AST SpaceMobile and Redwire also face selling pressure. While the company recently highlighted its milestone 100th Electron launch and the successful deep-space maneuvers of its ESCAPADE spacecraft, the stock has struggled to maintain momentum amid a wider market rotation. Investors appear to be weighing these operational successes against the backdrop of a volatile week for equities, as the broader market navigates a bumpy period for high-growth industrials.

Ciena is sliding alongside a broader selloff in the communication equipment and optical networking sector, where peers such as Coherent, Fabrinet, and MACOM Technology Solutions all experienced significant declines during the regular session. While Ciena recently reported strong fiscal third-quarter results including 37% revenue growth and record 22.5% operating margins, the stock is currently facing downward pressure consistent with the performance of its industry competitors. This sector-wide weakness persists despite positive momentum in data center and AI-driven network demand reported by companies like Viavi Solutions and Corning. There is no company-specific news released after the close to account for the additional move in extended trading.

CoreWeave shares are selling off as investors weigh the company's capital-intensive growth model against broader concerns regarding AI infrastructure spending. The stock is facing pressure from reports that the company is seeking at least $4 billion in new high-grade loan financing, a move that highlights the ongoing debt burden required to fund its massive data center expansion. This sentiment is compounded by a sector-wide cooling in the neocloud space, as evidenced by the sharp decline in peer Nebius Group following its own guidance cut, alongside Microsoft's strategic pivot to prioritize internal data centers over third-party cloud contracts.

Bloom Energy is pulling back following a period of volatility that saw the stock slide 27% over the last month despite record revenue and raised guidance. While the company continues to benefit from strong demand for on-site power in AI data centers, investors remain focused on concerns regarding cash burn and high capital expenditures. This downward pressure persists even as analysts highlight the company's competitive advantage in speed-to-power and its expanded financing network with Brookfield. The stock is currently trading in line with broader weakness in the fuel cell sector, where peers like Plug Power and FuelCell Energy also saw notable declines during the most recent session.

GE HealthCare is trading higher following a series of positive developments that have bolstered investor sentiment throughout the week. The stock is building on momentum from the November 11 announcement regarding the company's strong Q3 performance, which featured 6.2% organic revenue growth and a 12% year-over-year increase in equipment backlog to $23.7 billion. This follows recent strategic updates, including the November 13 formation of the MAGNUS Neuro Alliance to advance MRI research and the November 10 expansion of AI capabilities for the Vscan Air ultrasound system. These operational milestones, combined with the company's raised full-year organic revenue guidance, continue to drive interest in the medical device manufacturer.

PepsiCo shares saw modest gains during the regular session, tracking a broader upward trend across the consumer defensive and beverage sectors as peers like Coca-Cola, Monster Beverage, and Keurig Dr Pepper also finished the day in positive territory. The stock continues to draw interest from value and income-focused investors who view its 54-year streak of dividend increases and 4.2% yield as a resilient play against market volatility. This positive sentiment is bolstered by the company's ongoing cost-reduction efforts, including the recent announcement of 1,000 job cuts in North America, which management is utilizing to improve operational efficiency and support future earnings growth.

Palantir shares faced mild pressure during the regular session, tracking a broader pullback in the technology sector that saw peers like Nvidia and Snowflake also trading lower. The stock continues to contend with lingering investor concerns regarding its premium valuation, as analysts highlight a high forward P/E ratio of 101.16 and a Value grade of D, which have prompted some to favor more stable, diversified AI plays. This cautious sentiment was compounded by recent reports of insider selling activity and ongoing debates over whether the company's current growth trajectory justifies its elevated market multiples compared to other large-cap tech firms.

NVIDIA shares faced mild pressure during the regular session as investors continued to digest the sudden resignation of CEO Jensen Huang. The departure, which has been linked to a scandal involving alleged personal misconduct and national security concerns regarding the diversion of chips to China, triggered a broader sell-off across the semiconductor sector and prompted a class action lawsuit alleging material misstatements by company executives. While some analysts have suggested the leadership uncertainty creates a potential buying opportunity, the stock remains under pressure as the market reassesses the future of the AI trade in the absence of its long-time leader.

News Corporation shares are trading higher following a modest gain of 2.7% during the previous regular session. While the company announced that CEO Robert Thomson is scheduled to participate in the Morgan Stanley European Technology, Media & Telecom Conference on November 19, there is no specific company-level news released after the close to account for the additional movement. Consequently, the stock appears to be continuing its recent upward momentum alongside its peer NWSA, which also saw gains in the most recent session.

Tesla shares faced mild pressure during the regular session as the stock pulled back following a period of volatility. The decline occurred alongside a broader cooling in the technology sector, evidenced by a 2.0 percent drop in Nvidia and a 4.8 percent slide in Rivian, as investors weighed concerns over AI-related debt and market corrections. While reports circulating since November 12 regarding a potential merger with SpaceX and the planned phase-out of the Cybertruck by late 2027 have dominated headlines, these developments were largely offset by ongoing skepticism from analysts regarding the company's execution risks and the transition to an autonomous-focused business model.

Fox Corporation shares are rallying following a positive assessment of the company's valuation metrics, which highlighted its forward P/E ratio of 11.29 and a VGM score of A. While the firm currently holds a Zacks Rank #3, the stock's upward momentum outperformed peers such as News Corporation, which saw more modest gains during the regular session. The recent news flow regarding Kaplan Fox & Kilsheimer LLP relates exclusively to class action lawsuits involving other companies and does not pertain to Fox Corporation.

Vertex Pharmaceuticals is trading higher in extended hours following a period of recent market outperformance, where the stock delivered a 12.9% return over the past month. While the company faces a neutral Zacks Rank #3 rating due to a 9.7% decline in earnings estimates over the last 30 days, investors have remained focused on its dominant position in the cystic fibrosis market and its ongoing expansion into gene editing and pain management. The stock's current move follows a regular session that saw the broader biotechnology sector experience mixed results, with peers like Moderna and CRISPR Therapeutics closing lower while Eli Lilly and AbbVie saw modest gains.

Oracle shares faced mild pressure during the session, influenced by a negative development from the previous morning regarding Microsoft's decision not to renew its cloud contract with the company. This news, which highlighted a strategic shift toward Microsoft's own data centers and custom AI chips, weighed on sentiment alongside broader weakness in the technology sector, particularly among major AI-exposed peers like NVIDIA. While recent reports noted positive business developments, such as a new partnership to integrate Cerebras hardware into Oracle Cloud Infrastructure, these were offset by ongoing investor concerns regarding the company's high debt levels and the capital-intensive nature of its AI cloud expansion.

Eli Lilly shares are trading higher following a series of positive developments that reinforce the company's leadership in the obesity and diabetes market. Building on momentum from the previous evening, the company announced the groundbreaking of a 3.5 billion dollar manufacturing site in Pennsylvania dedicated to next-generation injectable obesity medicines. This expansion follows news from earlier in the week regarding the approval of its weight-loss pill orforglipron in China and a new partnership with Hims and Hers to increase patient access to Zepbound and Foundayo. These operational milestones, combined with a broader investor rotation into defensive healthcare stocks, have supported the stock's performance during the session.

Alphabet shares faced mild pressure during the regular session as investors weighed a newly filed securities class action lawsuit alleging the company misled shareholders regarding the training results of its Gemini 3.5 Pro AI model. This negative sentiment was compounded by broader tech sector weakness, as investors remain cautious regarding high artificial intelligence capital expenditures and the potential for slowing growth. While the company continues to see robust search volumes and maintains a strong competitive position in cloud infrastructure, the stock's performance reflected these mounting legal and industry-wide headwinds.

Netflix shares faced mild pressure during the regular session, tracking a broader decline in the communication services sector that also saw Alphabet shares drop 1.0%. The stock continues to contend with negative sentiment regarding its valuation, as recent comparisons highlighted a poor value grade and higher multiples relative to peers like Gray Media. This follows a difficult October in which the stock fell 10.8% amid concerns over decelerating revenue growth and a lowered ad revenue forecast of $2.7 billion for 2026. While the company maintains strong free cash flow expectations of $12 billion for the year, investors remain focused on the impact of rising content spending and the lack of a dividend policy.

Apple shares saw modest gains during the session as the company attracted investors seeking a defensive safe-haven amid broader technology sector volatility, particularly following recent declines in Nvidia. While some analysts have expressed caution regarding the stock's premium valuation of 36.15X forward P/E and potential margin pressures, others continue to highlight the firm's robust iPhone sales and disciplined approach to AI infrastructure spending. The stock's resilience was further supported by its status as a core holding for Berkshire Hathaway, with leadership affirming the company as a business positioned to compound value over the long term.

Amazon shares experienced mild pressure during the regular session, largely tracking a broader cooling in the technology sector as investors weighed mixed performance among major peers like Nvidia and Alphabet. While the company continues to see positive sentiment regarding its AWS ecosystem, including the new integration of Gatekeeper on the AWS Marketplace, the stock faced headwinds from a wider market correction that saw the S&P 500 pull back from recent highs. Despite these near-term pressures, the company remains a focal point for institutional interest, recently earning a spot on the Goldman Sachs Conviction List and maintaining strong fundamental growth projections for the current quarter.

Microsoft shares finished the session roughly flat as the company worked to resolve a major global outage that disrupted Outlook, Teams, and Copilot services across more than 70 countries. While the service disruption initially pressured the stock, shares steadied throughout the day as management confirmed that service was returning to normal and clarified that the incident was caused by a network capacity upgrade rather than an AI-related failure. The stock also navigated broader sector volatility, including a decline in peer NVIDIA and a strategic pivot toward in-house AI chip production with the Maia 300, which aims to reduce reliance on third-party cloud vendors like Oracle.

Boeing shares finished the session roughly flat as investors weighed ongoing operational headwinds against the company's massive order backlog. The stock faced pressure from news released early Wednesday morning that the company is cutting 2,500 jobs due to persistent production delays that prevent its 737 factory from reaching a target of 47 planes per month before 2027. This negative sentiment was compounded by ongoing legal investigations into the company, which balanced out reports of continued customer interest, such as the procurement agreements signed by China Eastern Airlines at the recent import expo. The stock's performance remained relatively stable despite a mixed day for the broader aerospace and defense sector, where peers like Lockheed Martin and Textron saw mild declines while others like Northrop Grumman and RTX posted slight gains.