Workday's shares rose 5% amid ongoing efforts to secure financing for a potential privatization bid, indicating investor interest in the company's future direction. Lucid Group's stock increased nearly 9% following the CEO's announcement that restructuring efforts had concluded, suggesting stabilization for the electric vehicle maker.
SiTime's shares surged almost 10% after Morgan Stanley initiated coverage with an overweight rating and a $730 price target, indicating strong growth potential. Tower Semiconductor's stock climbed nearly 9% after announcing a partnership with New Photonics for high-volume shipments of optical engines, reflecting the growing demand in AI infrastructure.
Conversely, Fluence Energy's shares plummeted 14% after it revised its full-year revenue guidance down to $2.4 billion for 2026, significantly lower than its previous estimate of $2.9 billion to $3.1 billion, alongside an anticipated loss of $200 million, which is a stark increase from earlier projections.
Vital Farms saw a 9% increase as it explores strategic alternatives, including potential privatization. Generac's stock soared 19% after securing a deal with Amazon to supply backup generators for its data centers, with expected deliveries valued at $2.4 billion, which also included an option for Amazon to purchase up to $340 million in Generac stock.
Arm Holdings' shares gained 9% as CEO Rene Haas expressed confidence in meeting demand for new data center chips. Vicor's stock surged 15% after granting a license for its power delivery modules to an AI OEM, indicating strong market interest in its technology