These Stocks Are Moving the Most Today: CoreWeave, Bullish, Paramount Skydance, Cava, Alibaba, Instacart, Webtoon, and More

Traders work on the floor of the New York Stock Exchange. (Spencer Platt/Getty Images)

Stocks rose Wednesday following U.S. consumer inflation data that boosted hopes the Federal Reserve will cut interest rates in September.

These stocks were moving Wednesday:

CoreWeave , the artificial-intelligence cloud vendor, reported a wider-than-expected second-quarter loss but revenue of $1.21 billion that rose from $395.4 million a year earlier and beat expectations of $1.08 billion. “We are scaling rapidly as we look to meet the unprecedented demand for AI,” said Chairman and CEO Michael Intrator. The company said it anticipates full-year revenue of between $5.15 billion to $5.35 billion, higher than consensus of $5.05 billion consensus. Shares, however, fell 21%.

Bullish , the crypto exchange and news provider, opened for trading Wednesday at $90, 143% above its initial public offering price of $37. At last check, the stock was up 84% to $68. The owner of CoinDesk will raise more than $1.1 billion from its sale of 30 million shares.

Paramount Skydance rose 37%, making it the top-performing stock in the S&P 500 on Wednesday. Paramount and Skydance completed their merger last Thursday and CEO David Ellison has moved quickly striking major deals, including a seven-year agreement with TKO Group Holdings that will give Paramount exclusive media rights to all Ultimate Fighting Championship events in the U.S.

Cava Group tumbled 17% after reporting second-quarter same-restaurant sales growth of 2.1%, well below analysts’ estimates for growth of 6.1%, and cutting its full-year growth forecast on the sales metric to 4% to 6% from previous guidance of 6% to 8%. CEO Brett Schulman told Dow Jones Newswires that consumers were “dealing with a lot of headwinds, a lot of fog and uncertainty.”

Intapp was up 16% after the AI cloud company reported fiscal fourth-quarter earnings that topped analysts’ estimates and announced a buyback of $150 million of stock.

Webtoon Entertainment jumped 81% after the online-comic platform reached a deal with Walt Disney to put brands like Marvel and Star Wars on Webtoon’s mobile format. Webtoon also reported quarterly earnings that beat expectations on both the top and bottom lines.

Sapiens International rose 44% to $42.56 after agreeing to be acquired by private-equity investor Advent for $2.5 billion, or $43.50 a share. The software company said the transaction is expected to close in the fourth quarter of 2025 or the first quarter of 2026.

Maplebear, which does business as Instacart, fell 12% after Amazon.com announced it added thousands of perishable groceries to its same-day delivery service. Amazon, which owns the Whole Foods Market chain, said it was starting same-day fresh grocery deliveries in more than 1,000 cities and towns nationwide.

H&R Block was down 3.1%. The tax preparation company posted fiscal fourth-quarter adjusted earnings that missed analysts’ estimates though revenue of $1.11 billion slightly beat analysts’ expectations of $1.075 billion.

U.S.-listed shares of Chinese technology stocks like Alibaba , up 3.6%, Baidu, up 3.7%, and JD.com, up 1.2%, rose on increased expectations for a U.S. interest-rate cut next month.

Stratasys declined 12% after the maker of 3D printers reduced its full-year revenue outlook. The company said it expects revenue of $550 million to $560 million, down from previous guidance for revenue of $570 million to $585 million.

Cisco Systems was down 1.4% ahead of fiscal fourth-quarter earnings from the computer networking company. Analysts expect Cisco to report adjusted profit of 98 cents a share on revenue of $14.6 billion. A year earlier, Cisco earned 87 cents a share on revenue of $13.6 billion.

Write to Joe Woelfel at joseph.woelfel@barrons.com