Tilray Brands $TLRY ( ▼ 8.75% ) : Tilray jumped 28 percent after The Washington Post reported that the Trump administration is considering cutting federal restrictions on marijuana. The news also lifted the Amplify Alternative Harvest ETF MJ, which traded 20 percent higher.
Lululemon $LULU ( ▼ 2.5% ) : Lululemon climbed 9.4 percent after CEO Calvin McDonald announced he is stepping down. The company also beat Wall Street expectations on revenue and earnings, adding momentum to the stock.
RH $RH ( ▼ 0.84% ) : RH gained 3 percent after posting mixed third quarter results. Revenue came in at 884 million dollars, matching expectations, but the company lowered its fourth quarter EBITDA margin and revenue outlook.
Citigroup $C ( ▲ 1.95% ) : Citigroup rose more than 1 percent after JPMorgan upgraded the stock to overweight. Analysts said they expect the bank to benefit from a solid economy and strong market activity given its revenue mix.
Costco $COST ( ▼ 0.48% ) : Costco dipped 0.2 percent even though it beat expectations on both earnings and revenue for the first quarter. The company reported earnings of 4.50 dollars per share, ahead of the 4.27 dollar estimate. Revenue of 67.31 billion dollars also topped expectations, but the stock remains down more than 3 percent for the year.
Broadcom $AVGO ( ▲ 1.98% ) : Broadcom fell 6 percent as concerns around AI demand persisted. The company beat quarterly estimates with earnings of 1.95 dollars per share and revenue of 18.02 billion dollars, and it raised its first quarter revenue forecast to 19.1 billion dollars. Broadcom also increased its dividend to 65 cents per share, up from 59 cents.
Fermi $FRMI ( ▲ 3.77% ) : Fermi plunged 33 percent after the energy and hyperscale development company said it lost a 150 million dollar funding deal tied to its Matador power grid. The grid was designed to supply 11 gigawatts of power to AI data center developments and reduce pressure on public power systems.