Several companies saw major stock moves as investors reacted to takeover speculation, earnings results, and stronger AI infrastructure demand. Wendy’s jumped on a potential private equity bid, while AI-related companies including Super Micro Computer, CoreWeave, and Nebius gained following strong growth updates.
Wendy’s shares jump on takeover speculation
Wendy’s — Shares of the fast-food chain surged 13% after reports that Nelson Peltz’s Trian Fund Management was preparing a potential bid to take the company private.
Retail and construction stocks decline
National Vision — Shares of the optical retailer fell 6% after its full-year guidance came in below Wall Street expectations. The company forecast adjusted earnings of 94 cents to $1.09 per share and revenue between $2.037 billion and $2.076 billion.
Aecom — Shares dropped 6% after weak fiscal third-quarter results. Revenue declined approximately 14% year over year to $3.59 billion, while Americas net service revenue came in below analyst expectations.
Quantum and 3D printing stocks gain
Quantinuum — Shares rallied more than 21% after the quantum computing company issued better-than-expected 2026 revenue guidance. The company expects full-year revenue between $28 million and $32 million.
Velo3D — Shares climbed 12% after the 3D printing company raised its full-year revenue outlook to between $65 million and $75 million.
AI infrastructure stocks rally
Super Micro Computer — Shares rose 14% after the data center infrastructure company issued stronger-than-expected earnings and revenue guidance. Super Micro expects adjusted earnings of $1.01 to $1.10 per share and revenue of $14.5 billion to $15.5 billion.
CoreWeave — Shares gained 18% after the AI cloud company reported second-quarter revenue of $2.58 billion, up 112% year over year. Adjusted operating margin reached 5%, exceeding analyst expectations.
Lumentum Holdings — Shares climbed 15% after the optical and photonic products maker reported stronger-than-expected fourth-quarter earnings and revenue. The AI-related stock has more than doubled year to date.
Nebius Group — Shares jumped more than 25% after the AI infrastructure company reported stronger-than-expected revenue, EBITDA, and gross margins.
Coherent — Shares gained more than 9% as investors reacted positively to Lumentum’s earnings ahead of Coherent’s own results.
Consumer companies report strong outlooks
H&R Block — Shares surged 15% after the tax preparation company issued an upbeat 2027 fiscal year forecast. The company expects adjusted earnings of $6.04 to $6.24 per share on revenue of $4.11 billion to $4.16 billion.
Kontoor Brands — Shares rose 7% after the apparel company slightly exceeded second-quarter earnings expectations and raised its full-year earnings guidance.
Cava Group — Shares jumped 12% after the Mediterranean fast-casual restaurant chain reported second-quarter earnings of 19 cents per share, ahead of analyst expectations. Revenue reached $368.4 million, exceeding forecasts.
Key Takeaways
- AI infrastructure companies continued to benefit from strong demand for computing capacity and data center expansion.
- Takeover speculation pushed Wendy’s shares higher as investors reacted to a potential private equity deal.
- Strong earnings guidance helped boost companies across technology, restaurants, and consumer sectors.
