AMD $AMD climbed more than 12% after Intel's Q1 beat and above-consensus Q2 outlook pushed investors to reprice CPU demand in the AI buildout. CNBC said the move also followed a D.A. Davidson upgrade to buy with a $375 target, implying about 22% upside from the prior close.
X-energy $XE jumped 27% in its Nasdaq debut, closing at $29.20 after opening at $30.11. The move followed an upsized IPO priced at $23 per share, above the marketed $16 to $19 range, with proceeds of about $1.02B as AI-driven power demand pulled nuclear names into public-market focus.
L'Oréal $OR rose 9%, after trading up as much as 10%, as Q1 sales reached €12.1523B and like-for-like growth of 7.6% beat analyst expectations of roughly 3%-4%.
ServiceNow $NOW beat Q1 estimates with $0.97 adjusted EPS and $3.77B revenue, but shares sank 14% after management flagged a 75 bps subscription-growth headwind from delayed Middle East deals.
Boeing $BA reported a $0.20 adjusted Q1 loss, narrower than the $0.83 loss expected by LSEG, while revenue rose 14% to $22.22B and beat the $21.78B estimate.
Intertek $ITRK rose 12.6% in London after confirming it rejected EQT's indicative £51.50-a-share cash proposal. The UK testing group said the offer fundamentally undervalued the company, while EQT faces a May 14 UK takeover deadline.
Allbirds $BIRD became the only Reddit-selected item in this run after a r/wallstreetbets post linked Reuters reporting that shares jumped over 400% on an AI pivot. CNBC said the company’s market value rose from about $21 million on Tuesday to $148 million on Wednesday after a $39 million asset-sale agreement.
Madison Air $MAIR priced its IPO at $27 a share and raised about $2.2 billion, according to MarketWatch, making it the largest IPO of 2026 and the largest industrial listing since 1999. The company registered NYSE trading under ticker $MAIR.
Bank of America $BAC slipped 0.04% even after first-quarter EPS of $1.11 and revenue of $30.43 billion beat LSEG estimates of $1.01 and $29.93 billion. Equities trading revenue jumped 30% to $2.83 billion and helped offset a softer FICC quarter, while net interest income rose to $15.9 billion.
Morgan Stanley $MS rose 1.2% in U.S. trading after first-quarter EPS came in at $3.43 on $20.58 billion of revenue, beating LSEG estimates of $3.00 and $19.72 billion. Trading desks did the heavy lifting: equities revenue reached a record $5.15 billion and fixed income added $3.36 billion, roughly $1 billion above StreetAccount expectations combined.
Goldman Sachs $GS slipped about 2% even after first-quarter EPS rose to $17.55 and revenue reached $17.23 billion. Record equities trading and a 48% jump in investment-banking fees drove the beat, but weaker FICC results and higher provisions kept the market reaction muted.