The Biggest S&P 500 Movers on Thursday

Decliners:

• A 澳洲幸运5官方开奖结果体彩网:muted earnings forecast from chip company Marvell weighed on numerous 澳洲幸运5官方开奖结果体彩网:AI-related stocks. Shares of data analytics software provider Palantir Technologies (PLTR), which rode the wave of AI enthusiasm to become last year's top 澳洲幸运5官方开奖结果体彩网:S&P 500 performer, fell the most of any stock in the benchmark index, losing 10.7%. The decline extended a recent sell-off for the stock as a 澳洲幸运5官方开奖结果体彩网:regulatory filing showed that CEO Alex Karp intends to sell a significant portion of his stake in the company.
• Shares of Texas-based electricity generator Vistra (VST), which also enjoyed massive gains in 2024 driven by optimism for opportunities to power AI data centers, dropped 9.8%. Fellow nuclear-focused utility Constellation Energy (CEG), which has benefited from AI enthusiasm, posted a drop of 9.4%.
• Netflix (NFLX) shares declined 8.5% after research firm MoffettNathanson predicted a slowdown in subscriber growth for the video streaming giant. According to the analysts, strong subscriber additions for Netflix in recent periods stemmed from the service's crackdown on password sharing, and the streamer is unlikely to continue growing its base of paying customers at the same trajectory.

Gainers:

• MarketAxess Holdings (MKTX), which operates a digital trading platform for 澳洲幸运5官方开奖结果体彩网:fixed-income securities, announced robust year-over-year and month-over-month gains in average daily volume, highlighting strength in emerging markets and 澳洲幸运5官方开奖结果体彩网:Eurobonds, despite softness in U.S. credit. MarketAxess shares jumped 5.3%, securing the S&P 500's top daily performance.
• Shares of agribusiness firm Archer-Daniels-Midland (ADM) added 4.9%, recovering from losses posted over the past week amid concerns about the impact of tariffs on the agricultural industry. Reports that the Trump administration could be considering a 澳洲幸运5官方开奖结果体彩网:carve-out for agricultural products helped drive the turnaround for ADM, and the tariff reprieve announced Thursday afternoon included an exemption for imports of Canadian potash, a key fertilizer ingredient.
• Fastenal (FAST) shares advanced 4.5% after the maker of industrial fasteners and adhesives reported an uptick in daily sales growth for February. Jefferies analysts reportedly highlighted strength in Fastenal's industrial end markets.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Broadcom Stock Pops After-Hours o𒆙n Stron𝐆g Earnings, Outlook

Broadcom (AVGO) reported fiscal first-quarter results that topped analysts’ expectations, sending shares higher💧 🅘in extended trading Thursday.

The chipmaker’s revenue grew 25% year-over-year to $14.92 billion, above the analyst consensus from Visible Alpha. Adjusted net income came in at $7.82 billion, up from $5.25 billion a year earlier and ahead of expectations.

The gains came as Broadcom's AI revenue surged 77% to $4.1 billion. CEO Hock Tan said the company expects "continued strength in AI semiconductor revenue of $4.4 billion in Q2, as hyperscale partners continue to invest in AI XPUs and connectivity solutions for AI data centers."

Broadcom projected total second-quarter revenue of $14.9 billion, slightlyജ above the analyst consensus 🎐of $14.82 billion.

The results also come after a report earlier this week that Broadcom has been 澳洲幸运5官方开奖结果体彩网:running tests of Intel's (INTC) chipbuilding process for possible manufacturing contracts. Broadcom has reportedly 澳洲幸运5官方开奖结果体彩网:considered buying Intel's chip design arm.

Shares of Broadcom jumped 9% in extended trading Thursday following the release. Despite a tough start to 2025, they've gained over 27% in the past 12 months through the closing bell. 

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Intuitive💎 Machines Stock Tumbles With Fate of Moon Lander Uncle♒ar

Shares of Intuitive Machines (LUNR) tumbled Thursday amid uncertainty about the status of its Athena lander’s attempt to touch down on the surface of the moo🃏n today. 

Intuitive Machines and NASA ended a livestream of Athena's lunar landing on Thursday afternoon amid confusion about the lander's status. Intuitive Machines CEO Stephen Altemus reportedly said the vehicle successfully landed on the moon and was transmitting data to Earth, but that the company’s scientists were still figuring out its location and whether it was upright. The lander was generating power, he said, but not enough to run all of its functions.

Thursday’s mission is Intuitive Machines’ second attempt at a lunar landing. Its lander Odysseus became the first commercial craft to soft-land on the surface of the moon in 澳洲幸运5官方开奖结果体彩网:February 2024. But that landing didn’t go according to plan—the craft🍌 tippeꦉd over shortly after landing, preventing it from performing some of its planned work.

Intuitive Machines’ missions are 澳洲幸运5官方开奖结果体彩网:funded by NASA’s Artemis moon exploration program. Athena is carrying NASA technology and is intended to collect soil samples to be analyzed for the presence of water or other resources that can be🍸 extracted to make either fuels or oxygen.

澳洲幸运5官方开奖结果体彩网:Shares of Intuitive Machines were down 20% Thursday afternoon as investors awaited updates on the landing. The stock had been modestly lower amid a broad stock sell-off before the landing took pla𝓰ce. Shares have lost about 38% of their value so far this year.

Bur✨lingto𝓀n Stores Stock Soars as Inflation-Weary Shoppers Power Sales, Profit

Shares of Burlington Stores (BURL) jumped 12% Thursday as the off-price retailer posted better-than-expected results and guidance as consumers hit b🌊y high inflation looked🍎 for bargains.

The operator of its eponymous stores reported fourth-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $4.13, with revenue up nearly 5% year-over-year to $3.28 billion. Both exceeded Visible Alpha estimates. 澳洲幸运5官方开奖结果体彩网:Comparable store sales𝔍 grew 6%, well above the company's previous outlook of 0% to 2% and the Visible Alpha 𝓰forecast of 2.19%.  

CEO Michael O'Sullivan credited the comparable sales gain to the company's "Burlington 2.0" strategy to improve sales and inventory turnover, as well as the "strength of our off-price business model."

O'Sullivan added that the outlook for 2025 is "very uncertain and we will plan and manage our business accordingly," although he argued that "this is the kind of environment where the off-price model is at its best."

The company s𝐆ees full-⭕year EPS of $8.70 to $9.30, well above expectations.

Burlington Stores shares are about🍸 30% higherဣ over the past year.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

ZScaler Stock Leads Nasdaq Gainers Thursday

Zscaler (ZS) was a rare bright spot for the Nasdaq on Thursday, with shares rising almost 4% a day after the cybersecurity firm reported better-than-expected results and of🥂fered a strong outlook.

The San Jose, Calif.-based company, which led Nasdaq gainers on a day the tech-heavy index was down more than 2%, reported fiscal 2025 second-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of 78 cents on revenue that jumped 23% year-over-year to $647.9 million. Both measures topped analysts' estimates compiled by Visible Alpha.

For the third quarter, Zscaler said it expects adjusted EPS of 75 cents to 76 cents on revenue of $665 million to $667 million. For the full year, it sees adjusted EPS of $3.04 to $3.09 onꩵ revenue of $2.64 billion to $2.654 billion. Each figure surpassed consensus projections.

Zscaler CEO Jay Chaudhry said on the company's earnings call Wednesday that he believes the firm stands to benefit from the Trump administration's efficiency push.

"Having landed in nearly all the cabinet-level federal agencies and with significant upsell opportunities still remaining, we are well-positioned to benefit from the government's efficiency measures," Chaudhry said on the call, according to a transcript provided by AlphaSense.

With today's advance, Zscaler stock moved into positive territory for the past 12 months. They are up about 15% since the start of the year.

-澳洲幸运5官方开奖结果体彩网:Aaron Rennie

Kroger Stock Rises as Earnings B🦹eat Offsets Soft Outlook

Kroger (KR) shares rose Thursd꧂ay as the grocery chain's better-than-expected quarterly earnings offset ꦏa soft outlook.

The company reported mixed quarterly results, with its fourth-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.14 surpassing consensus estimates from Visible Alpha. Its fourth-quarter revenue of $34.31 billion lagged estimates as did its outlook for 2025 of adjusted EPS of between $4.60 and $4.80.

The results are the grocery chain’s first quarterly report since its proposed merger with rival Albertsons () was 澳洲幸运5官方开奖结果体彩网:called off in December after a pair of judges sided with the 澳洲幸运5官方开奖结果体彩网:Federal Trade Commission (FTC) and ruled that the merger would 澳洲幸运5官方开奖结果体彩网:likely result in lower wages and 澳洲幸运5官方开奖结果体彩网:higher prices as competition in the industry w𒅌ould decrease.

The grocery chain said earlier this week that CEO and Chairman Rodney McMullen had resigned after a probe on his personal conduct, with ဣLead Director Ron Sargent appointed board chair and interim CEO. 

Kroger ♕shares are rising more than 2% Thursday, bringing their gains in the past 12 months above 25%.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

MongoDB Stock Plummets on Soft Outlook

MongoDB (MDB) shares tanked 22% to lead Nasdaq decliners Thursday, a day after the database software provider gave weaker-than-expected guidance as it warned of a big drop in demand for꧟ all but its top product.꧑

The company anticipates full-year adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $2.44 to $2.62 and revenue of $2.24 billion to $2.28 billion. Analysts surveyed by Visible Alpha were looking for $3.37 and $2.32 billion, respectively. MongoDB explained that the outlook was based on the assumption that "non-Atlas revenue will decline high-singl🌠e digits in percentage terms on a year-over-year basis."

CEO Dev Ittycheria said, "We expect to see stable consumption growth in Atlas, our main growth driver." Atlas produced 71% of MongoDB's revenue in the fiscal 2025 fourth quarter, rising 24% year-over-year.

The full-year forecast offset solid quaꩲrterly earnings. The company reported adjusted EPS of $1.28, nearly double the Visible Alpha estimate. Revenue rose 20% to $548.4 million, also ahead of expectations. However, deferred revenue of $334.4 million was less than anticipated.

Shares of Mo🦂ngoDB trade𝔍d at their lowest level in two years.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Nvidia, Broadcom, and Other Chip Stocks Drop ✅as AI Trade Falters

Nvidia (NVDA) and other chip stocks fell in early trading Thursday as the 澳洲幸运5官方开奖结果体彩网:artificial intelligence trade faltered. 

Shares of the AI chipmaker were down more than 2% in recent trading. Advanced Micro Devices (AMD), Qualcomm (QCOM), and TSMC (TSM) were also lower, along with shares of Nvidia partners such as Supermicro (SMCI), Dell (DELL), and Micron Technology (MU). 

Shares of Broadcom (AVGO), which is 澳洲幸运5官方开奖结果体彩网:set to report earnings after the bell, were down more than 3%, pulling the PHLX Semiconductor Index down 2%, while shares of chipmaker Marvell Technology (MRVL) plunged 17% after its outlook 澳洲幸运5官方开奖结果体彩网:failed to impress. The tech-heavy Nasdaq fell 1%.

澳洲幸运5官方开奖结果体彩网:Uncertainty about the impac🧜t of new U.S. tariffs weighed on stocks, along with worries about 澳洲幸运5官方开奖结果体彩网:tightening chip export curbs, and competition from China as Alibaba unveiled its latest AI reasoning model, which it said rivals offerings from DeepSeek and ChatGPT maker OpenAI. Alibaba shares climbed about 1%. 

Meanwhile, shares of 澳洲幸运5官方开奖结果体彩网:AI play favorite Palantir (PLTR) dropped about 3.5%, nearly w🌊iping away Wednesday's gains on expectations the company's software could be strongly positioned to support the 💯Trump administration's efforts to trim government spending. Jefferies analysts highlighted insider sales, with Palantir CEO Alex Karp moving to sell shares worth another $45 million in the last two weeks after dumping over $2 billion worth in 2024.

The rest of the Magnificent Seven aside from Nvidia—Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN), Tesla (TSLA), and Meta (META)—were little changed to slightly lower after a volatile stretch for big tech that has seen the major indexes 澳洲幸运5官方开奖结果体彩网:give back all of their gains since November's presidential election.

-澳洲幸运5官方开奖结果体彩网:Kara Greenberg

Marvell Technology Stock Tanks on Soft Outlook

Shares of Marvell Technology (MRVL) plunged around 20% Thursday morning, a day after the semiconductor firm reported an 澳洲幸运5官方开奖结果体彩网:outlook that disappointed some investors.

Marvell reported fourth-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.60 on revenue that jumped 27% ye🐓ar-over-year to $1.82 billion, both slightly above Visible Alpha consensus.

Although Marvell's current-quarter projections of adjusted EPS of $0.61, plus or minus $0.05, and revenue of $1.875 billion, plus or minus 5%, were mostly in line with estimates, Bank of America analysts had called for a "largely better" forecast.

After Marvell's "solid" results Wednesday, Deutsche Bank analysts affirmed their "buy" rating on the stock, writing that they "continue to see a positive risk/reward in MRVL, using the apparent 'disappointment' of tonight's report/guide as a buying opportunity."

-澳洲幸运5官方开奖结果体彩网:Aaron Rennie

U.S. Stock Fu▨tures Sharply Lower as Tariff🍰 Jitters Persist

Futures 😼contracts connected to the Dow Jones Industrial Average were down 0.9% in premarket trading on Thursday.

S&P 500 futures were off 1.1%.

Nasdaq 100 futures led stocks l♔oweജr, falling 1.5%.