By Mackenzie Tatananni, George Glover, and Kit Norton
Stocks were rising Thursday following economic reports that showed retail sales coming in healthy and jobless claims showing the U.S. labor market remains strong. Investors pushed the Dow Jones Industrial Average near its record closing high from Feb. 10 and the S&P 500 continued to advance after closing at a record high Wednesday.
These stocks were making moves:
Cisco Systems surged 13% after the networking company showed off its artificial-intelligence credentials with a strong fiscal third-quarter earnings report. The shares surpassed their dot-com era high in December and had risen more than 30% for the year as of Wednesday's close of trading.
Coinbase Global advanced 7.8%. Coinbase and the rest of the crypto industry got a big win when a Senate committee approved a long-sought bill to clarify how digital assets are regulated. The bill has a long way to go before becoming law, but Democrats' support of the bill is a good sign for its path forward. Coinbase and other trading platforms have fought for such a move for years.
Bullish declined 3.4%. The cryptocurrency exchange operator reported deep losses and weaker-than-expected revenue in its first quarter.
Cerebras Systems opened trading at $350. The artificial-intelligence chip maker began trading on the Nasdaq Global Select Market under the ticker symbol CBRS on Thursday. On Wednesday evening, Cerebras announced that shares had been priced at $185, above the projected range the company announced on Monday, and up 54% from the midpoint of the initial range laid out earlier this month. Cerebras raised up to $6.4 billion before expenses from the IPO.
Micron Technology slipped 1.3% as investors opted to lock in some profit following a stellar rally for the memory-chip maker. Micron shares jumped 4.8% on Wednesday, lifting the company's market capitalization above $900 billion for the first time ever.
Nvidia jumped 3.8% after ending Wednesday's session at a record high of $225.83. The leading maker of AI chips received U.S. clearance to sell H200 hardware -- which is specifically designed to meet American export restrictions -- to around 10 Chinese companies, Reuters reported Thursday. However, Nvidia hasn't made any H200 deliveries because of opposition from Beijing to its domestic companies ordering the hardware, according to the report.
Intel dropped 3.8% to $115.70. If the move holds, it will be a third consecutive day of losses after a rally that has seen the stock more than triple this year so far. Intel was a Barron's stock pick last month when the shares were trading around $64.
Fervo Energy advanced 4.3% to $38.12. The geothermal energy stock jumped 35% on Wednesday in its trading debut on the Nasdaq. Fervo sold $1.9 billion worth of shares at $27 each late Tuesday in the largest energy or utility initial public offering since 2013, according to Renaissance Capital.
Biogen declined 5.7%. The biotech company on Thursday released data from a Phase 2 trial for its experimental Alzheimer's treatment, called diranersen. While the results were promising, the study failed to find a statistically significant relationship between the varying doses of diranersen and the slowing of cognitive decline.
Doximity plunged 26% after the telehealth company's fiscal fourth-quarter profit missed analysts' targets. Doximity's fiscal 2027 revenue guidance also fell well short of Wall Street's expectations.
StubHub surged 19% after the online ticket resale marketplace swung to a first-quarter profit. CEO Eric Baker touted strong demand for live events as revenue topped Wall Street estimates.
Yeti jumped 5.9%. The company, known for its insulated drinkware, hiked its full-year outlook as sales climbed in the first quarter on the back of strong consumer demand.
Intuitive Machines gained 2.8% even as first-quarter sales fell short of Wall Street expectations. Ahead of the earnings release, the company announced it would acquire UK satellite company Goonhilly Earth Station as well as its U.S. subsidiary.
Klarna surged 15%. The Swedish buy-now-pay-later provider posted a narrower-than-expected loss and higher revenue in its latest quarter. The latest top-line beat appeared to overshadow weak guidance for the current quarter.
Ford Motor advanced 6.5%. Shares of the legacy automotive company continued to rally, adding to their 13% gain from Wednesday. The move appears to be connected to Ford's announcement Monday about "Ford Energy, " which will deliver "United States-assembled battery energy storage systems for utilities, data centers, and large industrial and commercial customers in the United States." Morgan Stanley analysts wrote a bullish note on Ford's decision to enter the energy storage business late Tuesday.
Viking Holdings jumped 7.9% after the cruise operator reported higher first-quarter revenue, boosted by higher capacity. The company also named its finance chief Leah Talactac as its next CEO, taking over from Torstein Hagen, who was appointed executive chairman.
Ondas rose 30% to $11.52. The autonomous drone company reported better-than-expected first-quarter revenue and raised its full-year outlook on the strength of its backlog growing 569% since the end of 2025.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com, George Glover at george.glover@dowjones.com and Kit Norton at kit.norton@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 14, 2026 14:35 ET (18:35 GMT)
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