Moderna's stock rose nearly 9% following reports of a U.S. citizen testing positive for hantavirus, which has heightened interest in the company's early-stage vaccine development for the virus. Lumentum's shares increased by almost 5% as it prepares to join the Nasdaq 100 index, replacing CoStar on May 18.
Monday.com experienced a significant surge of 26% after exceeding earnings and revenue expectations in its first-quarter report, attributing a 24% year-over-year revenue growth to its new AI platform, with revenue reaching $351.3 million against an expected $339.1 million.
Constellation Energy's stock rose 1% after reporting first-quarter revenue of $11.12 billion, significantly above the $8.46 billion expected by analysts, with adjusted earnings also surpassing estimates at $2.74 per share compared to the anticipated $2.54. Intel's shares jumped another 5.5%, continuing a rally that has seen the stock nearly double since its earnings report on April 23.
In contrast, Mosaic's stock fell 5% after reporting disappointing first-quarter earnings of 5 cents per share, well below the 24 cents per share expected. Sony's stock increased over 6% following the announcement of a joint venture with Taiwan Semiconductor Manufacturing Company to enhance image sensor technology.
Energy stocks benefited from rising oil prices after geopolitical tensions, with Valero Energy up 2% and Occidental Petroleum, Devon Energy, and ConocoPhillips each rising 1.5%. Circle Internet Group's stock rose 1% despite mixed first-quarter results, with earnings per share of 21 cents beating expectations but revenue of $694 million falling short of the $722 million forecast.
The company also raised $222 million from major investors in a token presale. Micron Technology's stock rose another 6% after a 15% jump the previous Friday, driven by a memory shortage linked to artificial intelligence, resulting in a 77% increase in the stock over the past month