Check out the companies making the biggest moves at noon: Fermi — The energy and data center development company suffered an 11% loss after reporting a loss of 84 cents per share in the third quarter, for a total net loss of about $347 million. Fermi went public in September at $21 per share in an IPO led by UBS, Evercore ISI, Cantor Fitzgerald and Mizuho. eToro Group — The trading platform soared 10% after Deutsche Bank upgraded the stock from hold to buy citing strong fundamentals and attractive valuation. Maplebear — BMO upgraded Instacart’s parent company to above-market performance, noting its historically cheap valuation and Instacart’s position as a “best-in-class grocery delivery player.” As a result, the stock price rose 6%. GEMINI SPACE STATION — The Winklevoss brothers’ cryptocurrency exchange fell nearly 16% after announcing a third-quarter adjusted EBITDA loss of $50.7 million, but beat the $46.7 million loss expected by analysts surveyed by FactSet. However, revenue exceeded expectations. Sea Ltd. — The Singapore-based internet and mobile platform fell about 6%. The e-commerce business’ third-quarter adjusted EBITDA of $186.1 million was below the analyst consensus estimate of $214.1 million, while the Other Services adjusted EBITDA loss of $25.1 million exceeded the $15.3 million expected loss based on a FactSet survey of street expectations. Nebius Group — The Dutch provider of AI-centric cloud platforms fell 5% as it reported a wider adjusted third-quarter EBITDA loss and quarterly revenue that fell short of analysts’ expectations, according to consensus figures compiled by FactSet. The company’s full-year 2025 sales forecast of $500 million to $550 million was also lower than analysts’ expectations of $575 million. Nvidia — The chipmaker fell 3.4% after SoftBank announced in October that it sold its entire stake in the AI chipmaker for $5.83 billion. Life360 — The location-tracking app fell more than 23% after agreeing to acquire advertising company Nativo for $120 million in cash and stock. The deal overshadowed better-than-expected third-quarter results and strong full-year earnings and sales guidance. CoreWeave — Shares fell 14% after the artificial intelligence infrastructure company’s full-year earnings forecast disappointed investors. CoreWeave expects revenue to be between $5.05 billion and $5.15 billion, lower than the $5.29 billion expected by analysts polled by LSEG. Paramount Skydance — Media stock rose 10% after the company reported earnings. CBS’ parent company announced plans to further cut costs and lay off additional employees, while also saying it would raise prices for its streaming service next year. XPeng — The U.S.-listed stock rose 4% as enthusiasm for the Chinese EV company’s humanoid technology grows. The company recently announced its next generation of humanoid robots and said it plans to launch robotaxis next year. Beyond Meat — The plant-based meat company suffered a 7% loss after reporting disappointing fourth-quarter guidance. Beyond Meat expects quarterly revenue to be in the range of $60 million to $65 million, citing “increased levels of uncertainty.” Analysts polled by LSEG had expected $70 million. Rigetti Computing — Shares fell 8% as the quantum computing company’s third-quarter revenue of $1.9 million missed the FactSet consensus estimate of $2.2 million. BigBear.ai — The IT service management company rose 7% on third-quarter revenue growth. BigBear.ai reported revenue of $33.1 million, compared to the $31.8 million expected by analysts surveyed by FactSet. The company also reconfirmed its full-year earnings forecast. RealReal — The online and brick-and-mortar marketplace raised its full-year earnings outlook and reported third-quarter earnings that beat analysts’ expectations, sending its stock up 35%. Rocket Lab — This space company rose 3% after its latest financial results. Rocket Lab reported a third-quarter loss of 3 cents per share, narrower than the 10 cents per share expected by analysts surveyed by LSEG. Rocket Lab’s quarterly revenue was $155 million, beating analysts’ expectations of $152 million, according to LSEG. —CNBC’s Michelle Fox, Alex Harring and Fred Imbert contributed reporting.
