By Joe Woelfel and Elsa Ohlen
Stocks turned mostly lower Thursday as continued trade war worries weighed on Wall Street.
These stocks were making moves Thursday:
Taiwan Semiconductor Manufacturing fell 1.5%, reversing premarket gains, after third-quarter profit beat analysts' estimates. Revenue surged 30% from a year earlier to 989.92 billion New Taiwanese dollars, boosted by strong demand for its AI semiconductors, which it manufactures for chip makers like Nvidia.
Advanced Micro Devices fell 0.4% following a 9.4% gain Wednesday to a record high of $238.60. The stock has risen nearly 98% in 2025, according to Dow Jones Market Data. HSBC analyst Frank Lee raised his price target on AMD to $310 from $185 and reaffirmed his Buy rating, saying that the " OpenAI deal implies massive AI revenue upside potential, which is still underestimated by consensus," he wrote.
AMD rival Nvidia, the leading maker of artificial-intelligence chips, rose 1.2% after falling 0.1% in the previous session. Semiconductor peers Micron Technology and Broadcom also rose 3.2% and 1.6%, respectively.
Salesforce jumped 4.5% after the software vendor announced financial targets for the coming five years. Salesforce told investors at the company's annual Dreamforce conference that it expects revenue of more than $60 billion in 2030. It also guided for an organic year-over-year revenue growth rate above 10% in 2026 through 2030.
Hewlett Packard Enterprise dropped 11% after surprising Wall Street with weaker-than-expected guidance for 2026. During an analyst meeting at the New York Stock Exchange Wednesday, the server and cloud company said it expects fiscal 2026 adjusted earnings of between $2.20 and $2.40 a share, with revenue growing between 5% and 10%. Analysts surveyed by FactSet had expected 2026 adjusted earnings of $2.43 a share with revenue growth of 17%.
Travelers fell 3% after the property and casualty insurer reported third-quarter adjusted earnings of $8.14 a share, surpassing Wall Street estimates, but net premiums written of $11.47 billion missed forecasts of $11.81 billion.
Charles Schwab rose 0.6% after the wealth management company reported stronger-than-expected third-quarter adjusted earnings on record revenue of $6.1 billion.
Praxis Precision Medicines jumped 215% after the after clinical-stage biopharmaceutical company reported positive top-line results from two phase 3 studies of ulixacaltamide HCl in essential tremor.
F5 tumbled 11% after the cybersecurity company disclosed it suffered a security breach earlier this year that gave nation-state affiliated hackers "persistent access" to some of its systems. A spokesperson for F5 told The Wall Street Journal the company wasn't aware of any new vulnerabilities in its software resulting from the hack, but urged customers to update their software.
Logistics company J.B. Hunt Transport Services soared 20% after reporting third-quarter profit comfortably above Wall Street's estimates. Earnings of $1.76 a share beat consensus estimates of $1.46.
United Airlines declined 9.1%. The carrier beat third-quarter adjusted earnings expectations and offered a better-than-expected outlook, but revenue of $15.2 billion, higher than last year, was slightly lower than analysts' calls for $15.3 billion.
Earnings reports are expected after the closing bell Thursday from Interactive Brokers and CSX.
Write to Joe Woelfel at joseph.woelfel@barrons.com
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(END) Dow Jones Newswires
October 16, 2025 12:16 ET (16:16 GMT)
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