These Stocks Moved the Most Today: Nike, Nvidia, Coinbase, Palantir, Boeing, Newmont, Core Scientific, and More

Traders work on the floor of the New York Stock Exchange. (Michael M. Santiago/Getty Images)

Stocks notched all-time highs on Friday after China confirmed a trade framework with the U.S. Earlier, data showed the Federal Reserve’s preferred inflation gauge was slightly warmer in May, but largely met economists’ expectations.

These stocks were making moves Friday:

Nike surged 15%. The sneaker maker reported fiscal fourth-quarter earnings that beat analysts’ estimates but fell sharply from a year earlier. While sales fell 12% to $11.1 billion, the figure topped expectations of $10.7 billion. “While our financial results are in-line with our expectations, they are not where we want them to be,” said Elliott Hill, Nike’s new CEO. He asserted that the athletic apparel company “expects to improve as a result of the progress” it has been making under its turnaround strategy. Nike said it anticipates first-quarter revenue to decline in the mid-single digits year over year, a stark improvement from the fourth quarter’s sales decline, and a better than the 7% drop analysts had been expecting.

Nvidia rose 1.8%. The maker of artificial-intelligence chips held onto its title as the largest company in the U.S. by market capitalization on Thursday, closing at a record $155.02, up 0.5%, and with a value of $3.782 trillion.

Coinbase Global also notched an all-time closing high on Thursday, rising 5.5% to $375.07 but shares of the cryptocurrency exchange tumbled 5.8% on Friday. The stock has gained 42% in 2025.

Palantir Technologies sank 9.4%. Shares of the data analytics company finished Thursday with a gain of 0.9% and notched an all-time closing high of $144.25. Palantir has soared 73% this year, riding a frenzy of investing in the artificial-intelligence space.

Boeing rose 5.9% to $214.55. Analyst Olivier Brochet of Rothschild & Co Redburn said in a research note that positive changes at the aerospace giant were beginning to bear fruit. Brochet upgraded Boeing to Buy from Neutral and raised his price target to $275 from $180.

Tesla was down 0.7%. The Wall Street Journal reported that Omead Afshar, a top lieutenant to CEO Elon Musk who just last year was placed in charge of sales and manufacturing operations in North America and Europe, had exited the electric-vehicle company. Falling sales in several markets, particularly in Europe and China, have weighed on Tesla shares.

U.S.-listed shares of Li Auto fell 1.9% after the Chinese EV maker lowered its second-quarter deliveries forecast to 108,000 vehicles from a prior outlook of 123,000 to 128,000 vehicles.

Shares of Core Scientific climbed 1.8% higher. The stock surged 33% on Thursday after The Wall Street Journal reported that CoreWeave was in talks to acquire the digital-infrastructure company, citing people familiar with the matter. CoreWeave tried unsuccessfully last year to buy Core Scientific. CoreWeave stock gained 1.2% on Friday.

Newmont declined 4.1% as shares of the gold miner followed the price of gold lower on Friday. Gold futures fell 1.8%.

Write to Joe Woelfel at joseph.woelfel@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com