Let’s take a look at some of the stocks making the biggest moves during intraday trading. Bitcoin-related movements — As Bitcoin has recently widened its decline, major virtual currency-related stocks have fallen sharply. Bitcoin fell more than 3% in intraday trading, and Bitcoin treasury firm Strategy fell more than 8%. Shares of cryptocurrency miner MARA Holdings fell about 12%, and Riot Platforms fell about 9%. MGM Resorts — The casino operator soared nearly 10% after BetMGM, the sports betting operator co-owned by MGM and Entain, announced it had reached profitability. BetMGM also announced that its 2025 net revenue will increase 33% from 2024 to $2.8 billion. Palantir — Shares of the AI-powered software provider fell 13% as investors took profits after fourth-quarter profits and sales rose nearly 7% on Tuesday. Palantir was a bright spot on Tuesday as software stocks dragged the broader market lower, but Wednesday’s drop means it is now down more than 30% from its 52-week high. Software Trends — Several big software stocks fell as investors remained concerned about how artificial intelligence will change the sector. ServiceNow fell 2% and Oracle fell nearly 6%. The iShares Expanded High-Tech Software Sector ETF (IGV) fell more than 3%, marking its seventh consecutive loss. Amgen — The biotech company soared 8% to a 52-week high following fourth-quarter results. Amgen’s adjusted earnings were $5.29 per share on revenue of $9.87 billion. Analyst estimates compiled by LSEG were for earnings of $4.73 per share and sales of $9.47 billion. Old Dominion Freight Line — The trucking company rose 8% after its fourth-quarter profit beat expectations. Excluding one-time items, the company earned $1.09 per share on revenue of $1.31 billion, beating analysts’ estimates of $1.06 per share compared to the $1.3 billion expected by analysts polled by FactSet. Super Micro Computers — Shares rose 10% after strong demand for AI-optimized servers led to better-than-expected second-quarter results and an increase in Super Micro’s full-year revenue forecast. Supermicro had adjusted earnings of 69 cents per share, beating the LSEG consensus estimate of 49 cents per share. Sales were $12.68 billion, exceeding expectations of $10.23 billion. The company expects fiscal 2026 sales to be at least $40 billion, compared to the expected $36.09 billion. Silicon Laboratories — Shares rose nearly 50% after Texas Instruments agreed to buy the chip designer for $7.5 billion amid ongoing consolidation in the semiconductor industry. Texas Instruments fell nearly 1%. Eli Lilly — Shares soared about 9% after the company reported better-than-expected sales and bottom line results in the fourth quarter. The company also issued full-year guidance for non-GAAP earnings of $33.50 to $35 per share, excluding one-time items, beating analysts’ consensus estimates of $33.04, according to FactSet. The company also forecast sales of $80 billion to $83 billion by the end of 2026, compared to analysts’ expectations of $77.64 billion. Uber Technologies — Shares fell 3%. In prepared comments, the rideshare company’s executives warned investors that the company’s self-driving vehicle efforts are “likely to remain a small part of the rideshare space for many years to come” as technical and regulatory challenges continue. Uber’s fourth-quarter revenue beat TheStreet’s expectations. However, GAAP earnings were only 14 cents per share, below LSEG’s consensus call for 79 cents per share. Boston Scientific — Shares fell 15% after the medical device maker reported lackluster full-year guidance. The company expects adjusted earnings to reach $3.43 to $3.49 per share by year-end, compared with Wall Street’s consensus estimate of $3.47 per share, according to FactSet. Boston Scientific also said it expects sales to increase 10.5% to 11.5% year over year, below the analyst consensus estimate of 11.5% sales growth. Advanced Micro Devices — The chipmaker fell 16%. AMD said it expects first-quarter revenue to be $9.8 billion, plus or minus $300 million, compared to analysts’ expectations of $9.38 billion. AMD is also calling for first-quarter non-GAAP gross margins of approximately 55%, roughly in line with StreetAccount’s consensus estimate of 54.5%. Varonis Systems — Shares fell 9% after the data security company’s 2026 outlook fell short of street expectations. Varonis expects per-share earnings excluding one-time items to be between 6 cents and 10 cents, well below analysts’ consensus estimate of 35 cents per share, according to FactSet. Match Group — The owner of several online dating apps saw its stock price rise 7%. Fourth-quarter earnings were 83 cents per share on revenue of $878 million, beating LSEG consensus estimates of 70 cents per share and $871 million. Match said it expects full-year cash flow to be between $1.085 billion and $1.135 billion, beating the FactSet consensus of $955.4 million. Chipotle Mexican Grill — Chipotle fell 1% after the fast-casual burrito chain announced its fourth straight quarter of declining store traffic. The company also predicted flat same-store sales growth in 2026. Chipotle’s fourth-quarter adjusted earnings and revenue still beat analyst consensus estimates, according to LSEG. Enphase Energy – Supplier of solar power and battery systems soared 36%. Enphase Energy issued rosy first-quarter revenue guidance, expecting $270 million to $300 million, compared to the FactSet consensus of $262.2 million. Adjusted profit and sales for the fourth quarter also exceeded expectations. —CNBC’s Michelle Fox, Davis Giangiulio, Pia Singh, Christina Cheddar Burke and Nick Wells contributed reporting.
