Stock Markets February 4, 2026

Stock Movers Midweek: Eli Lilly and PepsiCo Rally as Semiconductor Names Slip

A cross-section of mega-, large-, mid- and small-cap stocks posted sharp moves Wednesday, with biotech and consumer staples up and several chip and medical names down

By Maya Rios AMD PLTR ABBV MU LRCX
Stock Movers Midweek: Eli Lilly and PepsiCo Rally as Semiconductor Names Slip
AMD PLTR ABBV MU LRCX

Stocks across market-cap ranges recorded sizable intraday swings on Wednesday. Mega-cap winners included Eli Lilly and PepsiCo, while Advanced Micro Devices and other technology and health names slid. Large-, mid- and small-cap lists likewise showed a mix of sharp gains and steep declines, with notable beats and guidance reactions among companies reporting results or receiving analyst or management news.

Key Points

  • Mega-cap names showed divergent performance: Eli Lilly and PepsiCo climbed while Advanced Micro Devices and several other large tech and healthcare names fell.
  • Earnings results and guidance were a primary driver for many large- and mid-cap moves, with companies such as Boston Scientific, Lumentum, Enphase Energy and Cirrus Logic reacting to reported results.
  • Mergers, board appointments and analyst actions influenced stock moves in the mid-cap and mega-cap lists, including a reported potential takeover talk for Silicon Laboratories and Lam Research's board appointment.

Summary

Markets on Wednesday registered a wide array of price moves tied to company-specific developments and earnings guidance. Some mega-cap names climbed, while others, including several technology and healthcare-related issues, fell sharply. Across large-, mid- and small-cap segments, stocks reacted to earnings, guidance and corporate announcements, producing notable single-day percentage moves.


Mega-Cap Movers ($200B+ Market Cap)

  • Advanced Micro Devices (AMD) -13.97%
  • Palantir Technologies (PLTR) -8.69% (HSBC upgrades Palantir stock rating to Buy on strong revenue growth)
  • AbbVie Inc (ABBV) -6.88%
  • Micron Tech (MU) -5.89%
  • Lam Research Corp (LRCX) -4.71% (Lam Research appoints Cadence CEO Anirudh Devgan to board)
  • IBM (IBM) -2.99%
  • Oracle Corp (ORCL) -1.83%
  • Goldman Sachs Group (GS) -1.88%
  • Pepsico (PEP) +2.03%
  • Eli Lilly And Co (LLY) +8.5%

Large-Cap Stock Movers ($10B-$200B Market Cap)

  • Boston Scientific (BSX) -17.31% (Boston Scientific beats Q4 estimates, shares dip slightly)
  • Applovin (APP) -15.68%
  • New York Times (NYT) -13.9% (New York Times shares fall over 6% despite earnings beat as guidance disappoints)
  • Performance Food Group Co (PFGC) -13.78% (Performance Food Group misses Q2 expectations, adjusts 2026 outlook)
  • Iris Energy (IREN) -11.09%
  • Ebay Inc (EBAY) -9.47%
  • Credo Technology Holding (CRDO) -8.54%
  • Unity Software Inc (U) -6.07%
  • Super Micro Compu (SMCI) +13.52%
  • Lumentum Holdings Inc (LITE) +8.13% (Lumentum shares soar as AI-driven demand fuels strong earnings beat)

Mid-Cap Stock Movers ($2B-$10B Market Cap)

  • Silicon Laboratories (SLAB) +49.32% (Texas Instruments In Talks To Buy Silicon Laboratories - FT)
  • Enphase Energy Inc (ENPH) +40.48% (Enphase Energy shares surge as Q4 results top expectations)
  • Powell Industries (POWL) +19.47% (Powell Industries increases quarterly dividend to $0.27 per share)
  • Cirrus Logic Inc. (CRUS) +11.43% (Cirrus Logic shares soar 10% as Q3 results, guidance top expectations amid strong demand)
  • Columbia Sportswear (COLM) +13.71% (Columbia Sportswear shares jump on Q4 earnings beat, strong guidance)
  • Kennametal (KMT) +13.31% (Kennametal shares rise over 2% as Q2 results top expectations, raises outlook)
  • Mercury Computer (MRCY) -18.79%
  • CenturyLink (LUMN) -17.75% (Lumen Technologies shares fall as Q4 revenue declines 9% YoY)
  • Varonis Systems (VRNS) -10.14% (Varonis Systems shares tumble on weak 2026 guidance)
  • Intapp (INTA) -24.63% (Intapp shares tumble as guidance disappoints investors)

Small-Cap Stock Movers ($300M-$2B Market Cap)

  • Phoenix Asia Holdings (PHOE) +51.98%
  • InnovAge Holding (INNV) +31.45%
  • SolarEdge Technologies Inc (SEDG) +18.24%
  • Adlai Nortye ADR (ANL) +13.51%
  • Brooks Automation (AZTA) -21.19% (Azenta shares fall 6% as first quarter earnings miss estimates)
  • Magic Software En (MGIC) -21.32%
  • PTIR (PTIR) -19.05%
  • PLTU (PLTU) -18.96%
  • AMDL (AMDL) -28.76%
  • VenHub Global (VHUB) -13.89%

Context and Takeaways

The intraday action reflected a mixture of earnings reactions, guidance-driven moves, corporate announcements and an analyst upgrade cited for at least one stock. Winners were concentrated among healthcare, consumer staples and select technology suppliers, while several chipmakers, medical device and technology companies were among the heaviest decliners. Mid- and small-cap lists showed extreme volatility with double-digit moves on both the upside and downside.

What to watch next

  • Companies that reported quarterly results or updated guidance may see extended volatility as investors digest full reports and management commentary.
  • Stocks tied to deals or board changes recorded material moves and could face further attention pending confirmation or additional company statements.

For real-time, market-moving news, subscribing to a dedicated market news service may provide faster alerts on developments that drive these moves.

Risks

  • Earnings guidance disappointments prompted notable selloffs in multiple names, indicating guidance risk for companies reporting - sector impact: healthcare, technology and food distribution.
  • Deal-related or rumor-driven price swings can reverse if transactions do not progress or are unconfirmed, creating event-risk for mid-cap technology stocks.
  • Revenue declines cited by companies, such as Lumen Technologies' reported Q4 revenue decline, pose downside risk for telecom and communications infrastructure-related equities.

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