Stock futures inched up in the premarket hours of Monday, signaling a cautiously positive start to the week. Investors are anticipating a renewed stream of official U.S. economic data releases, delayed by the recent government shutdown, and are particularly focused on upcoming earnings reports from artificial intelligence leader Nvidia (NVDA) and major retail companies such as Walmart (WMT) and Target (TGT).
Here are some of Monday’s biggest stock movers:
Biggest stock gainers
- Quantum Computing (QUBT) +23% – Shares jumped after reporting Q3 results that showed 280% Y/Y revenue growth and a swing to net income, supported by stronger R&D and hardware contract activity as well as new revenue from cloud access to its Dirac-3 quantum optimization system. The company ended the quarter with $352M in cash and $461M in investments, later boosting its liquidity to over $1.5B through an additional $750M raise.
- HIVE Digital Technologies (HIVE) +6% – Shares surged after reporting FQ2 results that, despite revenue of $87.25M missing estimates by $14.57M, marked the strongest dual-engine performance in its history. Revenue surged 285% Y/Y, driven by a 223% increase in operational Bitcoin hashrate and ~300% growth in Bitcoin mining revenue, while BUZZ HPC revenue climbed 175% Y/Y. Digital currency mining revenue rose to $82.1M, supported by an 86% Q/Q hashrate ramp to 16.2 EH/s and firmer Bitcoin prices. The company mined 717 BTC in the quarter (+77% Q/Q) even as network difficulty rose 21%. Adjusted EBITDA reached $31.5M from $11.97M a year ago, reflecting solid execution across mining and HPC. The company highlighted a major expansion pipeline, including 300 MW operational in Paraguay (with a path to 400 MW), 540 MW of global hydro-powered data centers, optionality to scale to 35 EH/s by Q4 2026, and a target of ~$140M BUZZ HPC run-rate revenue by Q4 2026 at ~80% gross margins.
Biggest stock losers
- XPeng (XPEV) -4% – Shares slipped after mixed Q3 results, despite the company reporting top-line growth of +105% Y/Y. Q3 gross margin expanded 480 bps to 20.1%, and the vehicle margin 450 bps to 13.1%. The company ended the quarter with RMB48.33B (US$6.79B) in liquidity. Deliveries surged 149% Y/Y to 116,007 vehicles in Q3 and reached 42,013 units in October, bringing YTD deliveries to 355,209. For Q4, Xpeng expects 125,000–132,000 deliveries (+37% to +44% Y/Y) and revenue of RMB21.5B–23.0B (+33% to +43% Y/Y).