These Stocks Moved the Most Today: Nvidia, MicroStrategy, Boeing, Levi Strauss, AMC, United, Red Cat, and More

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

Stocks dropped on Friday, as the S&P 500 and Nasdaq Composite pulled back from record highs after President Donald Trump said the U.S. would levy a 35% tariff on imports from Canada effective Aug. 1.

These stocks moved Friday:

Nvidia shares rose 0.5% to $164.92 after the maker of artificial-intelligence chips finished Thursday’s session with a market capitalization of $4.004 trillion, making it the first company ever to top $4 trillion. Nvidia had crossed the $4 trillion mark intraday on Wednesday but came up just short as the trading day ended. The stock has surged more than 50% over the past three months amid sky-high demand for all things AI.

MicroStrategy and MARA Holdings gained 3% and 0.7%, respectively. The crypto-related stocks jumped after Bitcoin set a record high above $118,000. Coinbase was flat after rising in premarket trading.

Boeing rose 0.3%. Benchmark analyst Josh Sullivan noted that India’s Aircraft Accident Investigation Bureau is expected to release a preliminary report Friday on Air India flight 171, which crashed on June 12 and killed about 260 people. The initial investigation has focused on the actions of the pilots, and so far doesn’t point to a problem with the Boeing 787 Dreamliner, the Wall Street Journal reported. Boeing shares tumbled days after the crash but have since recovered, rising more than 11% since June 12.

Tesla gained 1.2% after the maker of electric vehicles ended Thursday’s session up 4.7%. CEO Elon Musk said Tesla would be expanding its robo-taxi service to a larger area in Austin this weekend. Musk also said Thursday the EV company would be holding its annual meeting on Nov. 6, following pressure from shareholders that Tesla would be out of compliance if it didn’t set a date.

BP, the British energy giant, said it expects to record up to $1.5 billion in after-tax impairment charges and said lower oil and gas prices could drag on quarterly earnings. U.S.-listed shares of BP, however, climbed 3.6% higher after the company said oil and gas production was expected to rise and debt levels were anticipated to be lower.

AMC Entertainment rose 11% to $3.33 after Wedbush analysts upgraded shares of the movie-theater chain to Outperform from Neutral and raised their price target to $4 from $3. Wedbush said it believes AMC will benefit from a more consistent release slate over the next several quarters. Cinemark Holdings also was upgraded to Outperform from Neutral at Wedbush. Shares were down 0.2%.

Red Cat Holdings surged 26% after Defense Secretary Pete Hegseth ordered the removal of any policies that slow down the development and deployment of drones. “Today, I’m rescinding restrictive policies that stifle production, and this will unleash American manufacturing and ingenuity,” Hegseth said in a video posted to X. Shares of AeroVironment, the maker of unmanned aircraft systems and aerial vehicles, rose 11%.

Delta Air Lines slipped 0.2%. The stock jumped 12% on Thursday after the carrier reported quarterly earnings that beat Wall Street estimates and restored its full-year guidance after withdrawing it in April. Delta said it expects earnings in 2025 of between $5.25 and $6.25 a share, lower than its outlook in January of greater than $7.35 but better than Wall Street’s estimate of $5.38.

Rival United Airlines, meanwhile, fell 4.3% after rising 14% on Thursday, which was the stock’s largest daily percentage increase since April 9, when it rose more than 26%.

Levi Strauss gained 11% after the apparel retailer topped second-quarter earnings expectations and raised fiscal-year guidance. The company said it now expects revenue for fiscal 2025 to rise 1% to 2%, better than prior guidance that called for a 1% to 2% decline. “Given our strong H1 and continued momentum across the business—and despite higher tariffs—we are raising our full-year revenue and EPS expectations,” said Chief Financial Officer Harmit Singh.

PriceSmart, which operates membership warehouse clubs in Latin America and the Caribbean, gained 5.3% after fiscal third-quarter earnings and sales rose from a year earlier. Merchandise sales, which make up the most of PriceSmart’s top line, rose 7% on a comparable basis.

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