Biggest stock movers Tuesday: NVDA, TTD, and more

Stock futures edged higher early Tuesday as investors awaited the kickoff of earnings season, with major banks JPMorgan (JPM), Citigroup (C), and Wells Fargo (WFC) set to report later today, along with a key CPI inflation reading.

Here are some of Tuesday’s biggest stock movers:

Biggest stock gainers

• Nvidia (NVDA) +4% – Shares rose after the company announced its intent to resume sales of its H20 GPUs to Chinese clients, following assurances from the U.S. government that export licenses would be granted, despite previous sales being halted in April due to export restrictions that the chips were designed to bypass. This development aligns with a preliminary trade deal established last month, aiming for China to restart rare earth exports in exchange for eased U.S. tech export restrictions. Nvidia CEO Jensen Huang, who has previously voiced concerns that chip restrictions harm U.S. tech leadership and halved Nvidia’s China market share, also recently unveiled a new compliant chip, the RTX PRO, designed for smart factories and logistics.
• The Trade Desk (TTD) +14% – Shares jumped after the company was selected to join the S&P 500 Index, replacing ANSYS (ANSS), which is being acquired by Synopsys (SNPS). The change will take effect before the market opens on Friday, July 18, following the expected completion of the ANSS-SNPS deal on July 17.

Biggest stock losers

• MiMedx (MDXG) -21%, Organogenesis (ORGO) -34% — Shares plunged after the Centers for Medicare & Medicaid Services (CMS) proposed a rule in the CY 2026 Medicare Physician Fee Schedule to reclassify skin substitutes as “incident-to supplies” instead of biologicals. The reclassification would significantly reduce Medicare reimbursement for these products, potentially cutting spending by nearly 90%, triggering sharp selloffs in companies heavily reliant on this revenue stream.
• La-Z-Boy (LZB) -6% — Shares fell after the company warned that FQ1 sales and adjusted operating margin will come in near the low end of its prior guidance, citing a “challenging consumer and macro environment.” The updated outlook dampened investor sentiment despite news of a strategic acquisition: La-Z-Boy is buying 15 furniture galleries and four warehouses from Atlanta Furniture Galleries, LLC, adding ~$80M in annual sales and boosting its company-owned footprint to 220 stores, or 60% of its total network. The transaction is expected to close at the end of October.