Cardinal Infrastructure (CDNL) shares sank 62% amid heavy trading after Chief Executive Jeremy Spivey said adjusted EBITDA margin fell to 4.2%, "well below our expectations," according to the company's Q3 financial results Thursday.

Intraday trading volume catapulted to more than 12.1 million, from a daily average of about 883,000.

ADI Global Distribution (ADIG) swung to a surprise fiscal Q3 loss and lowered its full-year revenue forecast, which missed analyst expectations Thursday.

Shares sank 45% as intraday trading volume soared to over 3.14 million from a daily average of roughly 748,000.

Nebius (NBIS) said it expects 2026 revenue at the low end of its $3 billion to $3.4 billion range, compared with analyst expectations of $3.35 billion, undermining a surprise narrowing in Q3 net loss and a revenue beat.

Shares slumped 18% as intraday trading volume soared to over 55.0 million from a daily average of about 20.4 million.

Price: 127.70, Change: -26.99, Percent Change: -17.45