Stock futures clung to the flatline early Thursday as traders assessed Nvidia’s powerhouse Q4 earnings beat, highlighted by massive AI data center demand.
Here are some of Thursday’s biggest stock movers:
Biggest stock gainers
- Nutanix (NTNX) +20% – Shares surged despite guiding Q3 revenue ($680-690M) and FY2026 revenue ($2.8-2.84B) below consensus, following strong FQ2 results with $723M revenue (up 10% Y/Y, beat estimates) and ARR up 16% to $2.36B. The rally stemmed from a multi-year strategic partnership with AMD to develop an open, full-stack AI infrastructure platform for agentic AI across data centers, hybrid, and edge environments, integrating AMD EPYC CPUs, Instinct GPUs, ROCm software, and Nutanix’s cloud/Kubernetes platforms. AMD committed a $150M investment in NTNX stock at $36.26/share (closing Q2 2026) plus up to $100M for joint R&D and go-to-market efforts, signaling strong validation and a “halo effect” that overshadowed supply chain headwinds delaying revenue timing. The first joint platform is expected to launch in late 2026.
- IonQ (IONQ) +12% – Shares rose after the quantum computing company reported Q4 results that topped Wall Street expectations and issued strong FY2026 guidance, forecasting revenue of $225M–$245M vs. the $192.6M consensus estimate, including $48M–$51M in Q1 sales. The company also projected a full-year adjusted EBITDA loss of $310M–$330M.
Biggest stock losers
- C3.ai (AI) -24% – Shares plunged after reporting a quarterly earnings miss and issuing revenue guidance well below expectations, citing weak performance in North America and Europe alongside announced job cuts. The company forecast FQ4 revenue of $48M–$52M, much below the $77.7M consensus, and full-year revenue of $246.7M–$250.7M compared with the $298.7M estimate, while management said cost savings from restructuring are expected to be fully realized beginning in the second half of FY2027.
- The Trade Desk (TTD) -17% – Shares tumbled as a soft Q1 outlook overshadowed an earnings beat. The company guided revenue of at least $678M and adjusted EBITDA of about $195M, implying a lower margin and slower start to the year. Net income margin declined to 22% in Q4 from 25% a year ago, while full-year margin slipped to 15% from 16%, and the absence of full-year guidance added to uncertainty around 2026 growth trends.
- Salesforce (CRM) -5% – Shares fell after Q4 results, despite revenue of ~$10.7B, up 13% Y/Y, accelerating growth, and a $50B buyback authorization, as FY2027 guidance disappointed investors. FQ1 revenue is projected at $11.03-11.08B (above $10.99B consensus) with adjusted EPS of $3.11-3.13 (above $3.02 est.), while the FY2027 revenue outlook of $45.8-46.2B ($46B midpoint, in-line) and adjusted EPS of $13.11-13.19 ($13.15 midpoint, below $13.18 est.) fell short of expectations amid macro headwinds and consumption-based pricing shifts. CEO Marc Benioff highlighted strong AI momentum, with Agentforce ARR reaching $800M (+169% Y/Y), 29,000 deals closed (+50% Q/Q), and a long-term revenue target of $63B by FY3030.
- Zoom Communications (ZM) -4% – Shares dipped following mixed Q4 results and outlook. Q1 revenue is projected at $1.22B–$1.225B (in line), with adjusted EPS of $1.40–$1.42, below the consensus of $1.45. FY2027 revenue guidance of $5.07B–$5.08B topped the $5.03B consensus. The company also has $1B remaining under its share repurchase authorization.