Moderna's stock surged nearly 10% after it reported strong third-quarter earnings that exceeded estimates and raised its full-year sales growth outlook, now projecting a revenue increase of 15% to 25% for 2026, up from a previous forecast of no more than 10%. Lam Research also saw an 11% increase in its stock price after announcing a $25 billion stock buyback.
In contrast, Five9's shares plummeted over 17% after it lowered its full-year adjusted EPS guidance and disclosed a $325 million acquisition of Level AI. Affirm Holdings dropped 4% despite posting quarterly results that surpassed expectations, as ongoing credit concerns weighed on investor sentiment.
Axon Enterprise's stock fell nearly 9% after it missed Wall Street estimates for EPS and revenue, coupled with weak fourth-quarter guidance and a significant investment in drone maker Skydio. Meanwhile, AI and semiconductor stocks like Micron Technology and Advanced Micro Devices rebounded after a prior selloff.
Cloudflare's shares rose 19% after it provided guidance that exceeded analyst expectations, forecasting adjusted earnings of 43 cents per share and revenue between $845 million and $846 million. Iren's stock jumped nearly 19% following a revenue increase to $228 million, although it faced delays in projected recurring revenue.
Airbnb's shares climbed 13% after reporting third-quarter earnings of $3.16 per share, surpassing the consensus estimate of $2.85. Conversely, Atlassian's stock dropped over 18% due to anticipated declines in data center revenue.
JFrog's shares soared 23% after it raised its full-year guidance, while DraftKings tumbled more than 20% after reporting a wider-than-expected loss and revenue that fell short of estimates. Lyft's stock fell over 5% after its revenue missed expectations and its fourth-quarter guidance was below consensus