Today’s Market Movers: AeroVironment, Super Micro and Strategy Stocks Drive Today’s Action

TLDR

• The Nasdaq Composite snapped a five-day losing streak with a 2% gain Monday, and futures rose further Tuesday.
• AeroVironment stock jumped after record fourth-quarter results beat Wall Street estimates, with revenue more than doubling.
• Concentrix shares plunged 23% after missing earnings and giving weak guidance.
• Strategy adjusted its Bitcoin-related financial plan, raising a dividend rate and approving a stock buyback.
• Super Micro Computer rose slightly after Taiwanese investigators raided its office over alleged chip-smuggling claims.

The Nasdaq Composite gained 2% on Monday, ending a five-day losing streak. Futures pointed higher again Tuesday morning, up about 0.3% in premarket trading.

Semiconductor equipment makers Applied Materials and Lam Research were set for a second straight day of gains. This followed news that South Korean memory-chip makers SK Hynix and Samsung unveiled a $500 billion spending plan.

Not every Monday winner kept climbing. Corning and Western Digital paused ahead of the final trading day of the quarter.

AeroVironment Leads Stock Gainers

AeroVironment shares soared after the drone and defense technology company posted better-than-expected quarterly earnings. Revenue more than doubled to $641.6 million, a 133% increase from a year earlier.

AeroVironment, Inc., AVAV

Adjusted earnings per share came in at $1.84, topping analyst expectations. The company also reported a $1.2 billion funded backlog and $2.7 billion in annual bookings.

Guidance for the next fiscal year came in below what analysts expected. Investors largely overlooked that and focused on the strong quarterly numbers and backlog instead.

Abivax also gained, with shares up 27% after positive results from a late-stage trial testing a treatment for ulcerative colitis. The company said it found no new safety concerns and plans to submit for U.S. approval in the fourth quarter of 2026.

Concentrix moved in the opposite direction. Shares dropped 23% after the customer experience company missed second-quarter earnings expectations and issued weak guidance. Its French competitor Teleperformance also fell more than 12% in European trading.

Two smaller companies also saw sharp declines tied to stock offerings. Nuvectis Pharma fell 16% after pricing a public stock offering to raise $100 million for its drug development programs.

Mama’s Creations dropped 13% after a similar move, pricing shares to raise roughly $100 million for working capital and possible acquisitions.

Strategy Updates Its Bitcoin Holdings Plan

Strategy, the largest corporate holder of Bitcoin, was the focus of crypto-related stock news this week. Shares fell 3.7% Tuesday after jumping 13% the prior session.

The company announced it will raise the dividend rate on its Stretch preferred stock. It also authorized sales of Bitcoin to build up its U.S. dollar reserves.

Strategy further approved a plan to buy back up to $1 billion of its own common stock. Investors have been digesting what this new financial framework means for the company going forward.

Bitcoin itself slipped over the same period, trading down roughly 2.3%.

Super Micro Computer shares rose slightly Tuesday after falling 8% the day before. The decline followed news that Taiwanese investigators raided the AI server maker’s office.

The raid is part of an investigation into alleged chip-smuggling to China. No further details on the investigation timeline have been released.

Looking ahead, Nike and Constellation Brands are scheduled to report earnings after the market closes Tuesday. Traders are also watching economic data releases and geopolitical developments in the Middle East for further direction.

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