Stock futures slipped slightly on Friday morning after Wall Street hit fresh highs, as cooling jobs data and mild inflation increased confidence that the Federal Reserve will cut interest rates at its meeting next week.
Here are some of Friday’s biggest stock movers:
Biggest stock gainers
- Super Micro Computer (NASDAQ:SMCI) +5% – Shares rose after the company began volume shipments of Nvidia’s (NVDA) Blackwell Ultra solutions, including Plug-and-Play–ready HGX B300 systems and GB300 NVL72 racks for global customers. The move follows Supermicro’s June launch of enterprise AI solutions built on Nvidia’s Blackwell architecture to accelerate AI factory deployments in Europe.
- Adobe (NASDAQ:ADBE) +3% – Shares gained after reporting strong FQ3 results and lifting its outlook. Quarterly revenue rose 11%, driven by 9.6% growth in digital experience revenue and a 12% increase in subscription revenue, while remaining performance obligations grew 13%. For FQ4, Adobe guided revenue of $6.08B–$6.13B (midpoint $6.105B vs. $6.08B est.) and adjusted EPS of $5.35–$5.40 (above $5.33 est.). For FY2025, it raised its revenue forecast to $23.65B–$23.7B from $23.5B–$23.6B.
Biggest stock losers
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RH (NYSE:RH) -7% – Shares sank after the upscale furniture retailer missed Q2 expectations and cut its full-year forecast, citing new U.S. tariffs, delayed catalog releases, and a weak housing market. Revenue is now expected to grow 9–11% vs. 10–13% prior, with operating margin trimmed to 13%–14% (from 14%–15%) and EBITDA margin to 19%–20% (from 20%–21%). The company also lowered the upper end of its FY2025 free cash flow outlook by $50M to $250M–$300M. For Q3, RH projects 8%–10% revenue growth with margins pressured by international expansion costs and tariffs. By FY2025, the company expects 52% of upholstered furniture production to shift to the U.S., with further increases into 2026.