Worthington Enterprises saw a notable increase of about 16% following a positive outlook from CEO Joseph Hayek, who highlighted growing demand for their engineered tanks used in liquid cooling systems for data centers. The company's first-quarter adjusted earnings and revenue exceeded analysts' expectations, according to LSEG.
In contrast, KB Home's stock fell over 1% after its fourth-quarter delivery projections fell short of market expectations, with housing gross margins anticipated to be between 16% and 16.6%, below the 17.2% analysts were looking for.
IonQ's stock surged 12% after announcing it had tested the first real-time quantum error decoder, a significant advancement that allows for quantum error correction without slowing execution time. This development positively impacted the broader quantum sector, with Rigetti Computing and D-Wave Quantum both rising over 5.5%.
Six Flags Entertainment's stock rose by 1% following reports that activist hedge fund Jana Partners is urging the company to consider a sale after being dissatisfied with its second-quarter earnings.
Lastly, Maplebear, the owner of Instacart, gained more than 3% after announcing a partnership that allows customers to use Meta's AI agent Muse on its grocery platform, joining other AI collaborations with OpenAI's ChatGPT, Anthropic's Claude, and Google's Gemini