Major U.S. indices closed lower on Tuesday, with the Dow Jones Industrial Average falling 0.34% to 53,791.85, the S&P 500 declining 0.32% to 7,728.20 and the Nasdaq dropping 0.6% to 26,445.44.
The July Consumer Price Index figures are expected on Wednesday. July CPI was expected to rebound 0.1% month over month after June’s 0.4% decline, while the annual inflation rate was forecast to ease to 3.4% from 3.5%. Economist Jai Kedia expected inflation to come in worse than June, potentially keeping the risk of a Fed rate hike alive.
These are the top stocks that gained the attention of retail traders and investors through the day:
CoreWeave Inc. (NASDAQ:CRWV)
CoreWeave’s stock rose by 2.42%, closing at $90.32. It reached an intraday high of $93.60 and a low of $87.46, with a 52-week range between $60.55 and $153.20. In after-hours trading, the stock shot up 15.72% to $104.52.
CoreWeave reported second-quarter revenue of $2.58 billion, beating analyst estimates, while its adjusted loss of $1.03 per share also came in better than expected. Revenue jumped 112.5% year over year, and the company ended the quarter with a record $104 billion revenue backlog.
CoreWeave said the backlog did not include more than $25 billion in additional customer commitments added early in the current quarter, while it ended the period with approximately $5.52 billion in cash and cash equivalents. Shares rose 8.15% to $97.68 in after-hours trading.
Lumentum Holdings Inc. (NASDAQ:LITE)
Lumentum’s shares edged up 0.87%, closing at $820.59. The stock’s intraday high was $937, with a low of $787.01, and a 52-week range of $111.2 to $1085.68. In extended trading, the stock rose 2.45% to $840.70.
Lumentum reported fourth-quarter revenue of $1.01 billion and earnings of $3.23 per share, beating analyst estimates on both metrics. Revenue more than doubled from $480.7 million a year earlier, driven by growing demand for optical connectivity as AI workloads expand.
The company guided for first-quarter adjusted EPS of $4.05-$4.35 and revenue of $1.23 billion-$1.28 billion, both above Wall Street estimates. Lumentum shares were down 0.21% to $818.90 in extended trading.
Cava Group Inc. (NYSE:CAVA)
Cava Group’s stock fell by 1.25%, closing at $60.81. It recorded an intraday high of $62.62 and a low of $60.15, with a 52-week range of $43.41 to $98.79. The stock shot up 11.61% to $67.87 in the after-hours session.
Cava Group reported second-quarter revenue of $365.4 million and adjusted EPS of 19 cents, beating analyst estimates on both metrics. Revenue increased 31.3% year over year, driven by 9% same-restaurant sales growth and a 5.3% increase in guest traffic.
The company opened 17 new restaurants during the quarter, bringing its total to 476 locations, and reaffirmed its 2026 outlook for 4.5%-6.5% same-restaurant sales growth, adjusted EBITDA of $181 million-$191 million and 75-77 new restaurant openings.
Nebius Group N.V. (NASDAQ:NBIS)
Nebius saw a 4.95% increase in its stock, closing at $193.23. The stock hit an intraday high of $195.60 and a low of $187.31, with a 52-week range of $62.02 to $299.86. The stock rose 7.92% to $208.53 in after-hours trading.
Michael Burry disclosed a short position in Nebius at $211.77, ahead of its second-quarter earnings report, while analysts expected revenue of about $573 million, up more than 400% year-over-year. Traders were watching for management commentary on AI infrastructure, Nvidia’s Vera Rubin systems, contracted power capacity and major customer deals. The company is set to release second-quarter earnings data on Wednesday.
Super Micro Computer Inc. (NASDAQ:SMCI)
Super Micro’s stock increased by 0.45%, closing at $31.60. The stock’s intraday high was $32.36, with a low of $30.92, and a 52-week range of $19.49 to $58.78. The stock rose sharply by 7.56% to $33.99 in extended trading.
Super Micro Computer reported fourth-quarter earnings of $1.70 per share, beating estimates of 62 cents, while revenue rose nearly 93% year-over-year to $11.12 billion but missed expectations of $12.33 billion. The company said it had generated more than $60 billion in new orders and entered fiscal 2027 with record backlog, while forecasting first-quarter revenue of $14.5 billion to $15.5 billion.
Benzinga Edge Stock Rankings indicate Coreweave Stock has a Momentum score in the 6th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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