Check out the companies making the biggest moves midday: Oracle — The stock surged 39% after Oracle reported that multicloud database revenue from Amazon, Google and Microsoft grew at the rate of 1,529% in its last quarter. That helped investors look past fiscal first-quarter earnings and revenue from the company that came in weaker than expectations. Chewy — The pets products online retailer fell 16% after it reporter a steep year-over-year drop in earnings. The company earnings 14 cents per share on a GAAP basis, well below the 68 cents per share from the year prior. Second-quarter adjusted EBITDA of $183.3 million did exceed a FactSet estimate of $182.1 million. Broadcom — The chipmaker jumped more than 9% as traders bet Oracle’s blockbuster guidance signals strong growth ahead for Broadcom. Joby Aviation — Shares rose 1% after Uber said it will launch Blade helicopter rides in 2026 thanks to an expanded partnership with Joby. Trade Desk — The advertising technology stock fell 8.8% on the back of Morgan Stanley’s downgrade to equal weight from overweight. Morgan Stanley said concerns around execution and competition weigh on the forward outlook. GameStop — The meme stock climbed more than 5% after GameStop reported second-quarter earnings came in at 25 cents per share, excluding items, on revenue of $972.2 million. Its bitcoin holdings were valued at $528.6 million at the close of the quarter. Bill Holdings — Shares gained 3% after Reuters , citing sources familiar, said activist investor Starboard Value has nominated four directors, including one of its partners, to the board of Bill Holdings. Taiwan Semiconductor Manufacturing — The chipmaker rose more than 4% after it reported August revenue of NT$335.77 billion, a 33.8% increase year over year. Rubrik — The cloud data stock fell 14% even after the company posted a second-quarter adjusted loss of 3 cents per share, narrower than the loss of 4 cents per share penciled in by analysts polled by LSEG. Rubrik’s $310 million in revenue also beat the estimated $282 million. Synopsys — Shares tumbled 35% after the semiconductor tool supplier posted disappointing fiscal third-quarter results. Synopsys earned $3.39 per share on revenue of $1.74 billion. Analysts polled by LSEG had expected earnings of $3.74 per share on $1.77 billion in revenue. — CNBC’s Sarah Min, Alex Harring and Michelle Fox contributed reporting. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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© 2025 incapitalquest.com – All rights reserved.