Here are some companies that are making headlines in intraday trading. Artificial Intelligence Infrastructure – Stocks of companies involved in building AI data centers soared, contributing to a correction in the Nasdaq Composite. The iShares AI Innovation and Tech Active ETF (BAI) fell 10%. Photonics industry company Lumentum fell 14%, HVAC service provider Comfort Systems fell 10%, Coreweave fell 12%, Corning fell 13% and NVent Electric fell more than 12%. Semiconductors – Traders exited chips as the tech sector sold off heavily on Thursday. The iShares Semiconductor ETF (SOXX) was last down more than 9%. Fabless semiconductor stocks Astera Labs fell 15% and AMD fell 14%. Nvidia and Broadcom each fell about 7%. Memory chip stock Micron fell nearly 13%, and SanDisk fell 20%. TripAdvisor – Shares of the travel platform operator plunged 22% on the back of a management shakeup and disappointing outlook. TripAdvisor CEO Matt Goldberg is leaving the platform, as is finance chief Michael Noonan. Mr. Goldberg will remain CEO until February 16th, and Mr. Noonan will continue as CEO until December 31st. Separately, TripAdvisor expects sales to decline in the low teens for the fourth consecutive quarter. Motorola Solutions – The security technology company soared 5% after raising its full-year guidance. Motorola expects adjusted earnings per share to be between $17.94 and $17.99 on revenue of approximately $13.05 billion. By comparison, the FactSet consensus call is $17.71 per share and revenue of $12.97 billion. EPAM Systems – The software company soared 22% after raising its full-year profit outlook. EPAM expects adjusted earnings to be between $13.23 and $13.31 per share, up from previous estimates of $13.08 to $13.24 per share and above the FactSet consensus estimate of $13.15. The board also approved an increase in stock repurchase authorization by $1.5 billion. Tesla, SpaceX – Shares of Elon Musk’s companies fell for a second day in a row as traders dumped tech stocks and grew skeptical about artificial intelligence trading. Democratic victories in Texas’ midterm elections, including Gina Hinojosa’s victory in the governor’s race, have spurred concerns that AI development efforts in the state will slow. Tesla fell 11% and SpaceX fell 9%. Kopay — The corporate spend and payments management company rose 8% after reporting better-than-expected third-quarter results. Kopay earned $7.54 per share, excluding certain items, on sales of $1.38 billion. Analysts polled by FactSet had expected sales of $1.36 billion and earnings of $7.20 per share. The company also raised its full-year forecast for adjusted EBITDA. Tapestry — Shares rose 6% after the luxury fashion company raised its full-year outlook. On a non-GAAP basis, the company expects fiscal 2027 earnings per share to be between $8.25 and $8.35 and revenue between $8.5 billion and $8.6 billion. Unity Software — The game developer’s stock soared 11% following explosive results. Unity Software’s third-quarter profit was $622 million, or 25 cents per share. Analysts surveyed by LSEG had expected earnings of 5 cents a share and revenue of $567 million. Qualcomm — The chipmaker plunged 11% after reporting slightly better profits in its fourth-quarter financial report. Qualcomm now expects adjusted earnings of $2.15 to $2.35 per share for the current quarter, compared with analyst estimates compiled by FactSet of $2.26 per share. AppLovin — Shares rose 26% after better-than-expected third-quarter results. The software company known for mobile game advertising posted adjusted EBITDA of $1.84 billion, beating the FactSet consensus estimate of $1.73 billion. Sales of $2.18 billion exceeded analysts’ expectations of $2.07 billion. Expedia — The online reservations company fell more than 13% after the online reservation company reported a near-lower-than-expected outlook for the current quarter. Expedia expects fourth-quarter revenue to be between $3.69 billion and $3.75 billion, compared with the average estimate of $3.74 billion among analysts surveyed by FactSet. Arm Holdings — The central processing unit design company fell 12% after a strong earnings report. The British company reported adjusted earnings of 52 cents per share, beating the LSEG consensus estimate of 47 cents. Cava — The restaurant chain fell 9% after third-quarter results fell short of expectations. Earnings per share were 11 cents, below LSEG’s consensus estimate of 12 cents. Cava had revenue of $356 million, compared to analyst expectations of $359 million. Wolfspeed – The semiconductor maker fell 14% after posting a bigger-than-expected loss in its fiscal first quarter. Wolfspeed’s adjusted loss per share was $2.03, compared to the FactSet consensus estimate of a loss of $1.99 per share. Figma — The software stock fell 15% after the cloud-based design platform reported better-than-expected third-quarter results. Figma’s adjusted earnings were 10 cents per share on revenue of $391 million, compared to the LSEG consensus of 5 cents per share and $376 million. Snap – The social media stock fell 15% after the company reported third-quarter revenue of $1.72 billion, narrowly missing the LSEG consensus estimate of $1.73 billion. The number of daily active users worldwide was 495 million, falling short of StreetAccount’s consensus estimate of 499 million. Dutch Bros. — The coffee chain fell 22% after Dutch Bros. lowered its full-year adjusted EBITDA outlook to at least $380 million from the previous range of $385 million to $390 million. Third-quarter same-store sales were below expectations of 4.4%, compared to the StreetAccount consensus estimate of 4.6%. Fastly – The edge cloud platform’s stock price fell 25%, but the company beat expectations for third-quarter earnings and revenue and beat guidance for the current quarter. The company announced that Scott Lovett, president of Go To Market, will retire in 2027. —CNBC’s Nick Wells, Ananya Chettiar, Contessa Brewer, Davis Giangiulio, Fred Imbert, Paulina Ricos and Darla Mercado contributed reporting.
