U.S. stocks on the move: SpaceX, Elevance, Netflix
SPCX•Nasdaq futures led gains as SpaceX and Super Micro Computer results revived the AI trade, while Netflix slipped after its forecast disappointed investors. Elevance rose after lifting its annual profit forecast.
1. Stocks move on results
Nasdaq futures led gains on Wednesday as results from SpaceX and Super Micro Computer revived the AI trade. Netflix slipped after its forecast failed to impress investors.
2. Company moves
SpaceX shares rose after strong results, while CEO Elon Musk floated a merger with Tesla. Elevance rose after lifting its annual profit forecast. Super Micro Computer jumped after giving an upbeat first-quarter forecast, citing strong AI demand; Netflix fell on a weak profit forecast.
3. Other movers
DigitalOcean gained after Piper Sandler upgraded the stock on AI growth. NextEra Energy was seen reporting higher revenue and earnings per share in results due Wednesday. Alpha Teknova tumbled on a discounted $40 million stock sale, while Disc Medicine fell after a $450 million equity raise following success in a rare-disease drug trial.
