Why did Coinbase stock surge nearly 20%?

Coinbase stock surged nearly 20% on substantially increased trading volume, a day after releasing underwhelming financial results, indicating prior investor positioning had accounted for anticipated weaker performance.

What milestone did Rivian achieve?

Rivian achieved its first-ever annual gross profit, alongside reporting better-than-expected fourth-quarter results, as it prepares to launch its more affordable R2 SUV.

Why is Nvidia's stock performance lagging?

Nvidia's stock has been range-bound and lagging the S&P 500 due to increasing anxieties about returns on substantial capital spending by tech firms and the cyclical nature of the chip industry.

Home / Business and Economy / Coinbase Soars, Rivian Surges: Market Movers Unveiled

Coinbase Soars, Rivian Surges: Market Movers Unveiled

14 Feb

•

Summary

Coinbase stock surged 20% on high volume after weak results.
Rivian reported better-than-expected Q4 earnings and first gross profit.
Nvidia lags broader market despite increased capital spending by tech giants.

Coinbase Soars, Rivian Surges: Market Movers Unveiled

The stock market saw dynamic shifts, with Coinbase and Rivian emerging as significant movers. Coinbase's stock price climbed almost 20% on substantially increased trading volume, a day after releasing underwhelming financial results. This sharp reversal indicates that prior investor positioning had already accounted for anticipated weaker performance, especially as Bitcoin rallied.

Rivian also captured investor attention, reporting better-than-expected fourth-quarter results and achieving its first-ever annual gross profit. This milestone comes as the electric vehicle maker prepares to launch its more affordable R2 SUV, aiming to attract a wider customer base. The company's shares rose significantly.