Biggest stock movers today: NVIDIA, Splunk, Groupon, Spirit AeroSystems and more
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Stock futures inched higher on Thursday as record Nvidia (NASDAQ:NVDA) earnings results boosted confidence in the artificial intelligence boom and lifted AI stocks.
Here are some of Thursday's biggest stock movers:
Biggest stock gainers

NVIDIA (NVDA) shares surged around 8% after the semiconductor giant reported Q2 results and guidance that exceeded expectations. The company recorded top-line growth of 101% Y/Y, driven by 171% Y/Y growth in Data Center revenue. It expects Q3 sales of $16B, plus or minus 2%, well above the consensus of $12.5B. It also approved $25B in share buybacks. SA contributor Livy Investment Research writes, "Outsized growth and improving profitability are expected to bolster the stock's premium at current levels."

Shares of Splunk (NASDAQ:SPLK) increased more than 12% after the company reported a beat and raise quarter, aided by consistent growth in cloud and annual recurring revenue. The software company increased its FY2024 ARR prediction to $4.150B-$4.175B, from a previous range of $4.125B-$4.125B, and its total revenue to $3.925B-$3.95B, compared to a prior forecast of around $3.9B and a consensus expectation of $3.90B.
Groupon (NASDAQ:GRPN) rose roughly 8% after the company topped the consensus mark in Q2. The company said it expects to see continued Y/Y revenue declines throughout 2023, though there have been âimprovementsâ in the rate of decline during the second quarter, which was earlier than anticipated.
Guess? (NYSE:GES) shares jumped more than 19% as Q2 results exceeded expectations and the outlook for FY2024 improved. The company now expects FY2024 revenue growth of 2.5% to 4%, compared to the 2.89% estimate and up from a previous forecast of 2% to 4%. Adjusted EPS is forecast to be between $2.88 and $3.08 vs. the $2.78 average analyst estimate and the prior forecast of $2.60 to $2.90.
Autodesk's (NASDAQ:ADSK) stock climbed 6% after the company outperformed expectations in Q2 and provided a positive outlook. The company anticipates Q3 revenue in the range of $1.38Bâ$1.395B vs. consensus of $1.38B, and adjusted EPS between $1.97â$2.03 vs. consensus of $1.93. FY2024 revenue is expected to fall between $5.405B and $5.455B vs. the consensus of $5.41B, and adjusted EPS between $7.30 and $7.49 vs. the consensus of $7.29.
Build-A-Bear Workshop (NYSE:BBW) climbed 22% after the company exceeded expectations in Q2 and reiterated its outlook. The company reaffirmed FY2023 guidance for 5% to 7% revenue growth and 10% to 15% pre-tax income growth. "We enter the second half of the year with positive momentum and expect to drive growth through the continued opening of corporate and partner-operated locations, a strong product pipeline, and impactful marketing campaigns, highlighted by the new heartwarming film featuring our multi-year best-selling holiday collection, 'Glisten and the Merry Mission,'" stated CEO Sharon Price John.

Biggest stock losers

Spirit AeroSystems (NYSE:SPR) stock fell 14% after Boeing (BA) highlighted that fastener holes on some 737 Max aft pressure bulkheads were incorrectly drilled. To address the issue, Spirit has begun implementing adjustments to its production process, and "based on what we know now, we believe there will not be a material impact to our delivery range for the year related to this issue."
Shares of Dollar Tree (NASDAQ:DLTR) dropped nearly 9% despite beating expectations in Q2. The decline in share prices is attributable to gross margins plunging Y/Y and a profit guidance with a midpoint falling below the consensus estimate. Gross margin rate declined 220 basis points to 29.2% due to lower initial mark-on, sales mix, shrink, and wage investments.


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Compare metrics for ADSK to GES, GRPN, NVDA, SPLK