By Mackenzie Tatananni and George Glover

Stock futures were largely unchanged Thursday as Nvidia's solid fourth-quarter earnings failed to sustain a recent tech rebound.

These stocks were poised to make moves:

Nvidia rose 0.8% after the chip maker beat Wall Street's fourth-quarter earnings and revenue estimates. Sales for its crucial data-center division grew by 75% to $62.3 billion, easily beating analysts' forecasts. The muted gains could be a sign investors are still fretting about artificial-intelligence disruption and Big Tech companies' aggressive capital-spending plans.

Sandisk advanced 2.5% following Nvidia's earnings. Nvidia CEO Jensen Huang touched on soaring memory costs on an earnings call, although he hinted that skyrocketing prices wouldn't affect profitability. Memory-chip maker Micron Technology rose 0.5%, while disk-drive makers Seagate Technology and Western Digital were up 0.5% and 1%, respectively.

C3.ai cratered 23% after the AI software company reported a slide in revenue and a wider loss than expected for its fiscal third quarter. It's the latest proof that the AI boom doesn't mean good times for every company in the business.

J.M. Smucker climbed 8%. The owner of brands such as Hostess and Folger's posted adjusted fourth-quarter earnings of $2.38 a share, beating analysts' calls for $2.27. Net sales rose 7% to $2.34 billion, narrowly topping calls for $2.32 billion.

IonQ surged 15% after the quantum-computing company's fourth-quarter revenue came in way above analysts' expectations although its losses widened. There was room for shares to rally: They were down 25% for the year through Wednesday's close, dragged down by an acquisition and a short seller report that accused IonQ of misstating its revenue and buying up smaller companies to spur growth. IonQ told Barron's the short seller had made "false, misleading, and unsubstantiated claims."

D-Wave Quantum, meanwhile, was up 3.4%. Although the company missed analysts' revenue forecasts, D-Wave reported a narrower quarterly loss and pointed to continued strength in bookings, a metric representing customer orders received that are expected to generate revenue in the future.

U.S.-listed shares of Baidu slid 3.7% after the Chinese search-engine provider's fourth-quarter profit came in well short of analysts' targets. The tech giant has struggled to protect its bottom line amid a slowdown in advertising spending and has piled into AI in a bid to boost its earnings.

Salesforce dropped 2.4% even though the cloud pioneer reported better-than-expected results for the fourth quarter. Salesforce's revenue forecast for fiscal 2027 came in a touch below what analysts had forecast and that failed to ease concerns about how AI could disrupt software.

Nutanix soared 16% to $44.50 after the cloud-computing company announced a strategic partnership with Advanced Micro Devices. The companies will jointly develop an AI infrastructure platform and AMD is buying $150 million of Nutanix stock at a price of $36.26 per share. Nutanix also reported stronger-than-expected earnings and revenue for its fiscal second quarter.

Qnity Electronics rose 5.9%. The semiconductor technology provider reported fourth-quarter earnings that outstripped Wall Street estimates and provided solid guidance for 2026.

Trade Desk plummeted 15% after the advertising technology company's earnings and revenue forecast for the current quarter missed expectations. Sales growth has slumped over the past year amid a slowdown in advertising spending, as companies grapple with tariffs and macroeconomic uncertainty.

Zoom Communications tumbled 5.8% on the back of weaker-than-expected fourth-quarter earnings and soft guidance from the videoconferencing app developer.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com and George Glover at george.glover@dowjones.com

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February 26, 2026 08:16 ET (13:16 GMT)

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