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The stock market saw dramatic swings midday as several companies made headlines with earnings surprises, IPO excitement, and major partnership deals. From AI to aerospace, investors had a wide range of developments to digest.
Oklo Delivers Smaller Loss, Surprises Investors
Shares of nuclear energy startup Oklo jumped over 16% after the company posted a better-than-expected first-quarter report. While the firm still recorded a loss of 7 cents per share, it came in ahead of Wall Street’s forecast of an 11-cent loss, according to FactSet.
“Investors are beginning to warm up to the promise of clean nuclear technology — and Oklo’s ability to manage its finances is a good sign,” said Lara Chen, a senior energy analyst at Altura Research.
Oklo, which is focused on building compact nuclear reactors, is still in its early stages but continues to draw attention as clean energy gains traction globally.
eToro’s Nasdaq Debut Sparks Market Enthusiasm
Online trading platform eToro saw its shares surge roughly 27% on its first day of trading. The stock opened at $69.69 and quickly climbed past $72, significantly above its IPO price of $52.
The debut marks a strong vote of confidence from investors, many of whom see eToro as a key player in the evolving digital investing landscape. With a business model that combines social trading and cryptocurrency exposure, eToro aims to attract the next generation of retail investors.
Super Micro Computer Rides AI Wave
Super Micro Computer continued its rally with a 17% surge, adding to the 16% gain it recorded earlier this week. The momentum followed a bullish “outperform” rating from Raymond James, citing the company’s integral role in artificial intelligence infrastructure.
“AI is no longer a niche — it’s a foundational trend, and Super Micro is supplying the backbone for that growth,” noted tech strategist Ben Morris.
Boeing Lands $96 Billion Deal
Boeing shares edged 1% higher, reaching a 52-week high, after the White House announced a massive $96 billion deal with Qatar Airways. The agreement, involving up to 210 aircraft, was struck in collaboration with GE Aerospace, whose stock also rose slightly.
Deals of this size often reflect long-term demand in aviation, particularly in growing regions like the Middle East.
Exelixis Outperforms on Earnings and Outlook
Biotech firm Exelixis saw its stock jump 19% after delivering a blowout first quarter. The company posted earnings of 55 cents per share and revenue of $555.4 million — both well above analyst expectations. Additionally, Exelixis raised its full-year revenue guidance, signaling confidence in its oncology pipeline.
Aurora Innovation Slumps on Uber Convertible Deal
Shares of autonomous driving startup Aurora Innovation dropped more than 7% after Uber Technologies announced a $1 billion convertible note offering that could be exchanged for Aurora shares. The deal raised concerns about dilution and investor confidence.
American Eagle Cuts Outlook, Shares Fall
Retailer American Eagle Outfitters sank nearly 5% after withdrawing its 2025 guidance, citing broader economic uncertainty. The company also announced a $75 million write-off on unsold spring and summer inventory and expects a 5% year-over-year revenue decline for the first quarter.
PVH Rallies on Upgrade Amid Brand Revamp
Apparel giant PVH, parent to Calvin Klein and Tommy Hilfiger, saw an 8.2% gain after Jefferies upgraded the stock from “hold” to “buy.” Analysts cited improving fundamentals and a multi-year transformation strategy that could drive a recovery.
Chipmakers Nvidia and AMD Score AI Deal
Nvidia and Advanced Micro Devices (AMD) were both on the rise after securing a major deal with Saudi firm Humain to help develop artificial intelligence models and data center infrastructure. Bank of America followed up by raising its price targets on both stocks. Nvidia climbed over 3%, while AMD added nearly 5%.
“AI is the new oil, and these companies are drilling deep,” quipped market analyst Daniel Wei.
JD.com Declines as Profit Outlook Worsens
On the downside, JD.com fell more than 4% as analysts tempered expectations for the year. Mounting losses in its food delivery unit and a price target cut from Morgan Stanley — down to $39 from $41 — weighed on investor sentiment.
What’s Next for These Market Movers?
Today’s action underscores how earnings surprises, IPOs, and emerging tech deals can dramatically shift investor sentiment. As markets continue to respond to economic uncertainty and rapid innovation, expect more volatility — and opportunity — in the weeks ahead.
