By Mackenzie Tatananni and George Glover
Stocks were rising Friday after the latest data from the Bureau of Labor Statistics showed the U.S. added more nonfarm jobs in April than economists had predicted.
These stocks were making moves:
CoreWeave fell 7% after the cloud computing company missed analysts' adjusted earnings target for the first quarter. CoreWeave's second-quarter outlook also was below expectations.
Trade Desk dropped 7.6%. The advertising-technology company posted weaker-than-expected earnings for the first quarter and issued weak revenue guidance. Shares had fallen 38% for the year through Thursday's close.
Cloudflare slumped 17% after the cybersecurity company said it would lay off at least 20% of its workforce, citing its increased adoption of AI tools. That overshadowed a first-quarter earnings beat.
Fluor fell nearly 14%. The builder of data centers posted weaker-than-expected earnings for the first quarter and slashed its full-year guidance, citing a "temporary slowdown on another project due to Middle East geopolitical concerns."
Akamai Technologies surged 20% after the company disclosed that a leading artificial-intelligence lab had agreed to pay Akamai $1.8 billion over seven years for use of its cloud infrastructure services.
IREN advanced 11% to $62.93 after striking an artificial-intelligence deal with Nvidia. Under the terms of the agreement, Nvidia will purchase 30 million shares at $70 per share in exchange for cloud services.
JFrog was up 13% after the software company beat earnings expectations and hiked its full-year outlook. As teams of developers and AI coding agents create more software, they need JFrog's infrastructure to handle the resulting binary, CEO Shlomi Ben Haim told Barron's.
Upwork cratered 22%. The company is cutting nearly a quarter of its staff as part of a sweeping restructuring effort.
Block climbed 6.8%. The digital payments company beat first-quarter earnings estimates and boosted its guidance, a reassuring sign to investors that its business is faring well after mass layoffs in February.
Expedia Group slid 9.3%. Although gross bookings for the latest quarter exceeded Wall Street's expectations, first-quarter revenue missed forecasts.
TeraWulf gained 3.4%. The company posted deep losses in its latest quarter amid an ongoing pivot away from being a Bitcoin miner to a data-center operator.
SoundHound AI declined 13% as the maker of voice recognition technology posted a wider-than-anticipated loss in its latest quarter following a massive acquisition spree.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com and George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 08, 2026 09:51 ET (13:51 GMT)
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