BUSINESS

Badger Meter shares rose nearly 10% after the water technology company exceeded earnings expectations, expanded margins and raised its dividend, despite slightly weaker-than-expected revenue.

Spotify shares rose 9.2% after the streaming company reported stronger-than-expected premium subscriber growth, record third-quarter gross margins and a confident outlook for revenue and profitability.

Pool Corp. shares jumped 9.5% after third-quarter sales and adjusted earnings exceeded expectations, while the company reaffirmed its full-year profit forecast despite margin pressure.

Celcuity shares rose nearly 8% after Cantor Fitzgerald initiated coverage with an overweight rating, citing Revtorpyk's growth potential ahead of new breast cancer trial data.

Biohaven shares rose nearly 30% after the FDA accepted a resubmitted application for Vyglxia, an experimental treatment for spinocerebellar ataxia previously rejected over efficacy concerns.

American Express customers reported service problems on Thursday, while Downdetector flagged a possible outage. The disruption's cause, scope and affected services remained unclear.

A potential merger between Tesla and SpaceX could accelerate Elon Musk's access to Tesla shares worth more than $110 billion, though no deal or formal proposal has been agreed.

South Korea's KOSPI fell 3.52% as Samsung Electronics and SK Hynix declined amid concerns over the durability of global AI investment, higher oil prices and semiconductor demand.

Japan's Nikkei 225 fell 2.65% as semiconductor stocks slumped, with investors worried that global AI infrastructure spending could slow in 2027 and weaken chip demand.

Chinese shares fell for a second session as technology stocks led a broad sell-off, with fading stimulus expectations, weak earnings and trade tensions weighing on investor confidence.

Smartgroup shares climbed 5.4% to A$12.25, extending a strong annual rally despite a weaker ASX 200, as investors assess leasing growth and policy risks.

Pro Medicus shares rose 4.7% to A$193.42 after new U.S. hospital contracts and improved broker sentiment extended the medical imaging software company's recent rally.

NextDC shares rebounded 7.5% after plunging 42% the previous day, as analysts said the selloff was excessive despite major forecast cuts linked to a Melbourne power delay.

Megaport shares climbed 4.4% as a US technology rally renewed interest in AI infrastructure stocks, although the company faces substantial investment, customer concentration and profitability risks.

Mercury NZ shares gained 4.1% on the ASX in thin trading after strong quarterly results showed wind and geothermal projects offset dry conditions and weaker hydro generation.

The S&P/ASX 200 fell 0.43% as mining and energy stocks declined, while Nick Scali plunged after forecasting weaker profit amid softer consumer demand.

Telix Pharmaceuticals shares fell sharply after third-quarter revenue growth showed no acceleration, despite strong demand for imaging products and progress in its cancer pipeline.

TAL Education shares fell nearly 9% amid a broader decline in Chinese stocks, with investors focused on weak domestic demand and the company's upcoming quarterly results.

Hesai Group shares fell more than 8% in early trading as weak Chinese auto-sector sentiment, CATL's profit slowdown and broader concerns about Chinese technology stocks weighed on investors.

Wingstop shares fell 7% before third-quarter results, extending a sharp annual decline as analysts lowered price targets and concerns grew about weaker fast-food demand.

XPeng shares fell more than 5% after weaker CATL results heightened concerns about China's crowded EV market, while investors assessed the company's losses and long-term technology ambitions.

US stocks rose modestly as strong SpaceX and Super Micro results revived interest in AI shares, while investors awaited Tesla and Meta earnings amid persistent inflation and interest-rate risks.

The Nasdaq rose as strong SpaceX and Super Micro results boosted AI stocks, though elevated interest rates, inflation concerns and upcoming earnings continued to weigh on investors.

US small-cap stocks recorded their strongest session in more than two months on Tuesday, helped by falling Treasury yields, lower oil prices and a broad shift away from large technology companies.

Super Micro shares jumped after the AI server maker raised its fiscal first-quarter revenue forecast by about $4 billion, citing strong demand for artificial intelligence systems.

Credo Technology shares rose more than 8% as AI infrastructure stocks recovered, supported by renewed spending optimism, strong financial results and a bullish analyst price target.

SpaceX shares rose nearly 10% after quarterly revenue and earnings exceeded expectations, driven by rapid AI cloud growth, while committees began studying a possible Tesla merger.

Vertiv shares rose more than 7% after strong SpaceX and Super Micro results renewed investor interest in AI infrastructure stocks ahead of the company's earnings report.

Vicor shares rose more than 9% after quarterly revenue and profit exceeded expectations, with stronger margins and backlog supporting optimism about demand for AI infrastructure power components.