Tesla (NASDAQ: TSLA) stock soared 12% after the electric vehicle manufacturer announced it would expedite the release of more affordable versions of its cars. This news overshadowed first-quarter results that fell short of Wall Street estimates.
AT&T (NYSE: T) stock rose 3.6% after the telecoms giant reported stronger-than-expected subscriber growth and beat free cash flow growth estimates in the first quarter.
Visa (NYSE: V) stock added 2.4% after the credit card giant’s second-quarter results exceeded expectations, as consumers disregarded concerns about an economic slowdown.
Texas Instruments (NASDAQ: TXN) stock climbed 6.8% after the chipmaker forecasted second-quarter revenue above analysts’ estimates, indicating increased demand for its analog semiconductors.
Meta Platforms (NASDAQ: META) and Snap (NYSE: SNAP) both gained around 2% after the U.S. Senate passed a bill that could ban TikTok in the United States if its owner, ByteDance, fails to divest the popular short video app.
Biogen (NASDAQ: BIIB) stock rose 4% after the drugmaker surpassed first-quarter profit expectations, aided by cost-cutting measures amidst increased competition for its older drugs.
Humana (NYSE: HUM) stock rose 2.9% after the health insurer exceeded first-quarter profit estimates, driven by strength in its government-backed insurance business for older adults.
Hasbro (NASDAQ: HAS) stock rose 4.9% after the toymaker easily beat profit estimates, as leaner inventories and steady digital gaming revenue offset weaker demand for traditional toys.
Uber (NYSE: UBER) and LYFT (NASDAQ: LYFT) both fell over 1% after Tesla announced plans to enter the ride-hailing market with a robotaxi app.
Thermo Fisher (NYSE: TMO) stock rose 1.6% after the medical equipment maker exceeded quarterly profit expectations and raised its annual profit forecast, citing improved demand for its products and services used in drug development.
Enphase Energy (NASDAQ: ENPH) stock fell 9.4% after the alternative energy company issued weak guidance, reflecting challenges in the current solar market.
