Oracle's stock fell 6% after announcing plans to issue $10 billion in common stock and $10 billion in senior notes to fund its artificial intelligence initiatives. This move raises concerns among investors about the company's financial strategy.
In contrast, IDEXX Laboratories' shares surged 20% following a strong third-quarter performance, reporting revenue of $1.21 billion, which is 10% higher than the previous year. The company also raised its revenue and earnings forecasts for 2026, despite lowering its operating-margin outlook.
Tempus AI's stock rose nearly 12% after it reported a 23% increase in revenue to $411.5 million, with significant growth in its data and applications segment. The company also raised its 2026 revenue forecast. SpaceX shares increased over 3% amid reports of potential acquisition talks with Dish Network's Boost Mobile, which could open new opportunities in the wireless market.
Rivian's stock climbed 10% after being upgraded to a buy by UBS, as analysts see a buying opportunity ahead of expected sales growth for its R2 midsize SUV. Conversely, memory stocks like Micron, SanDisk, and Western Digital fell between 3% and 5%, continuing a downward trend.
Lumentum's stock dropped 15% after Marvell Technology announced a $115 billion all-stock acquisition of the laser manufacturer, expected to close in 2028. Energy stocks, including ExxonMobil, Chevron, and Valero, also declined by 3% to 5% as oil prices fell. Lastly, Krystal Biotech's shares plunged nearly 15% due to delays in treatment data releases, overshadowing a third-quarter earnings beat