📊 AppLovin jumped 71% as the Nasdaq fell

AppLovin · 🟢 +71.21%

You’re playing a phone game. Someone would like to sell you something. AppLovin opened its ad platform to all advertisers in June, giving online shops access to the same ad space game makers use to recruit players. That expands the pool of businesses buying ads through AppLovin. Third-quarter revenue grew 55% to $2.18 billion, while profit from continuing operations rose 72% to $1.44 billion.

Array Technologies · 🟢 +72.71%

Shoals shareholders would own most of the combined company. Array would be the legal buyer in its proposed all-stock merger with Shoals, but Shoals shareholders would get about 65% of the combined company’s basic shares. Array’s equipment turns solar panels toward the sun. Shoals supplies the wiring. The deal would put those jobs under one roof, provided both sets of shareholders and regulators approve.

Cricut · 🟢 +44.41%

There’s a business behind that homemade birthday card. Cricut sells cutting machines, materials and design subscriptions. In the third quarter, product revenue grew 17%, while platform revenue grew nearly 4%. The product business supplied most of the increase in total sales, which rose 11% to $188.6 million. The board also approved a 70-cent special dividend alongside its regular 10-cent payment, both payable in January 2027.

Airbnb · 🟢 +15.57%

More people are trying Airbnb. Airbnb’s third-quarter revenue rose 19% to $4.9 billion, its fastest growth in more than three years, with moderately higher nightly rates. Nights booked, plus spots booked for experiences and services, rose 16% combined. First-time bookers grew 13% from a year earlier, the fastest pace since early 2022. How many of those people will become regulars?

Moderna · 🟢 +14.64%

More vaccine sales, lower research costs. Moderna’s third-quarter revenue rose 29% to $1.3 billion, mainly from higher COVID vaccine sales outside the U.S., supported by deliveries under long-term government partnerships. Research spending fell 27%, partly as certain late-stage infectious disease studies finished or wound down. Moderna earned $162 million after losing $200 million a year earlier. It now expects 2026 revenue growth of 15% to 25%, up from its previous forecast of up to 10%.

Amdocs · 🔴 −33.01%

The difficult conversation is with T-Mobile. The phone company buys software and services from Amdocs. Now both sides accuse the other of breaching contracts, and both threaten to terminate agreements. That possibility is already in Amdocs’ fiscal 2027 forecast. It expects revenue to fall 14.3% to 17.9%, partly because it’s exiting businesses. Even after adjusting for those exits and currency, the forecast shows a 7% to 11% decline.

Axon Enterprise · 🔴 −26.83%

A bigger stake in Skydio. Axon began an investment of up to $1.2 billion in Skydio, with the first $255 million purchase closing Thursday. Completing the remaining purchases would take its stake to about 37%, counting potential shares alongside existing ones. About $130 million from three federal drone detection deployments came out of its 2026 revenue outlook. Third-quarter revenue rose 28% to $909 million.

Palantir · 🔴 −12.89%

U.S. businesses pulled ahead of U.S. government customers. Revenue from U.S. businesses grew 148% to $984 million in the third quarter, overtaking U.S. government revenue of $953 million for the first time. Total revenue nearly doubled to $2.31 billion, and the 2026 sales forecast rose to about $8.53 billion. Quite a quarter to land in a week of heavy selling across AI stocks.

DraftKings · 🔴 −11.48%

The welcome offer has a bill attached. DraftKings expects promotions to eat up most of this year’s gross revenue from Predictions, where customers trade contracts on event outcomes. The company says cash from its established business is funding the Predictions expansion. Third-quarter revenue grew 16% to $1.33 billion. More Predictions spending helped push its 2026 adjusted EBITDA forecast down to $175 million to $275 million. That’s the company’s earnings measure excluding interest, taxes, depreciation, amortization and other items.

Apple · 🔴 −0.66%

Five cents did a surprising amount of work. Diluted earnings per share rose 25 cents to $2.10. Five cents came from tariff refunds, accounting for one-fifth of that increase. Its 47.9% gross margin also included about one percentage point from refunds. Alongside that boost, September-quarter sales rose 12% to $114.5 billion. iPhone revenue set a record for that quarter, and Services reached an all-time high.