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(Updated – February 22, 2024 11:22 AM EST)
Investing.com — Main U.S. indexes rose strongly Thursday after blockbuster results from AI darling Nvidia (NASDAQ:) helped boost sentiment, ahead of the release of more corporate earnings and important economic data.
Here are some of the biggest U.S. stock movers today
Nvidia (NVDA) stock soared 15% after the world’s most valuable chipmaker reported better-than-expected fourth-quarter revenue and outlined a bullish forecast for artificial intelligence-fueled chip demand.
Palantir Technologies (NYSE:), Advanced Micro Devices (NASDAQ:) and Super Micro Computer (NASDAQ:) all have posted hefty gains, benefiting from Nvidia’s strong outlook.
Moderna (NASDAQ:) stock rose 9.5% after the drugmaker reported a surprise fourth-quarter profit, helped by cost cutting and some deferred payments.
Etsy (NASDAQ:) stock fell 7% after the e-commerce company warned of a fall in first-quarter gross merchandise sales on weak demand for handcrafted goods and personalized gifts sold at its online marketplace.
Rivian (NASDAQ:) stock slumped over 27% after the electric truck maker reported annual production guidance that fell short of Wall Street estimates and announced deep job cuts.
Southwest Airlines (NYSE:) stock rose 1% after the carrier said it has reached a tentative agreement with Transport Workers Union that represents nearly 18,000 ramp, operations, provisioning and cargo agents.
Royal Caribbean (NYSE:) stock rose 8% after the cruise operator raised its full-year income forecast, saying it has been encouraged by both the “demand and pricing environment” in 2024.
Cheniere Energy (NYSE:) stock fell 3.7% after the liquefied company posted a 38.5% fall in its full-year LNG revenue, hurt by a fall in natgas prices.
Fiverr International (NYSE:) stock fell 9% after the online freelance marketplace missed expectations with its fourth-quarter results, while the next quarter’s revenue guidance of $92.5 million also underwhelmed.
Wayfair (NYSE:) stock rose 7% after the online furniture retailer reported a narrower-than-expected fourth-quarter loss and said it returned to positive active customer growth.
Additional reporting by Louis Juricic
This story originally appeared on Investing
