U.S. stocks were mixed, with the Nasdaq Composite gaining around 350 points on Wednesday.
Shares of Riskified Ltd (NYSE:RSKD) rose sharply after the company reported better-than-expected third-quarter financial results and raised its FY26 sales guidance above estimates.
Riskified reported adjusted earnings of 7 cents per share, beating the 3-cent analyst estimate. Revenue jumped 41% year over year to $115.18 million, topping expectations of $103.41 million.
Riskified shares jumped 27.7% to $10.83 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Gevo Inc (NASDAQ:GEVO) shares jumped 34.5% to $1.87 after the company reported better-than-expected third-quarter financial results.
- Fossil Group Inc (NASDAQ:FOSL) rose 27.4% to $10.03 after the company reported better-than-expected quarterly financial results and raised its FY26 sales guidance above estimates.
- PepGen Inc (NASDAQ:PEPG) gained 22.5% to $5.65. PepGen announced a proposed $125.0 million public offering of common stock.
- CoreWeave Inc (NASDAQ:CRWV) rose 21.4% to $59.18 as the company reported upbeat financial results for the third quarter.
- AXT Inc (NASDAQ:AXTI) gained 20.5% to $47.38.
- Nebius Group NV (NASDAQ:NBIS) rose 16.4% to $155.94 ahead of its third-quarter earnings report Thursday.
- Bloom Energy Corp (NYSE:BE) rose 15.6% to $214.47 as AI infrastructure stocks rebounded following strong quarterly results from CoreWeave.
- SanDisk Corp (NASDAQ:SNDK) gained 14.5% to $985.22 as investor appetite for technology and growth stocks improved.
- Applied Optoelectronics Inc (NASDAQ:AAOI) rose 13.6% to $54.89.
- Lumentum Holdings Inc (NASDAQ:LITE) gained 13.4% to $663.83.
- Maxlinear Inc (NASDAQ:MXL) rose 11.7% to $60.14.
- Credo Technology Group Holding Ltd (NASDAQ:CRDO) gained 11.6% to $144.81 as semiconductor and artificial intelligence infrastructure stocks rebounded.
- Micron Technology Inc (NASDAQ:MU) gained 11.4% to $808.13. Shares of memory semiconductor companies traded higher after sector customer CoreWeave’s strong third-quarter results and raised FY26 sales guidance helped anchor the demand outlook.
- Dell Technologies Inc (NYSE:DELL) rose 11.4% to $372.59.
- Seagate Technology Holdings PLC (NASDAQ:STX) gained 10.8% to $555.94. Shares of memory semiconductor companies traded higher after sector customer CoreWeave’s strong third-quarter results and raised FY26 sales guidance helped anchor the demand outlook.
- SK Hynix Inc – ADR (NASDAQ:SKHY) gained 10.1% to $142.68. Shares of memory semiconductor companies traded higher after sector customer CoreWeave’s strong third-quarter results and raised FY26 sales guidance helped anchor the demand outlook.
- Arm Holdings PLC – ADR (NASDAQ:ARM) rose 9.5% to $198.77.
- Western Digital Corp (NASDAQ:WDC) gained 8.5% to $313.92.
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