These Stocks Moved the Most Today: Nvidia, MongoDB, Kohl’s, Cracker Barrel, nCino, Canada Goose, Smucker, and More

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

Stocks rose Wednesday as investors awaited the second-quarter earnings report from chip maker Nvidia, the world’s most valuable company.

These stocks made notable moves Wednesday:

Nvidia closed down by less than 0.1%. The leading maker of artificial-intelligence chips is set to post second-quarter earnings after the closing bell. Analysts expect Nvidia to post adjusted earnings of $1.01 a share on revenue of $46 billion. Investors will be looking for progress on AI server racks shipments following manufacturing obstacles, as well as clarity on the health of Nvidia’s China business amid geopolitical tensions that have led to restrictions on its most advanced semiconductors. Coming into Wednesday trading, Nvidia shares have risen 35% this year.

MongoDB soared 38% after the database software company posted second-quarter adjusted earnings and revenue that topped analysts’ expectations and raised its fiscal 2026 guidance. MongoDB said subscription revenue in the second quarter rose 23% to $572.4 million. The company added more than 5,000 customers during the first half of the year, a record for that time period. MongoDB now expects fiscal-year adjusted profit of between $3.64 and $3.73 a share, well above its prior forecast of between $2.94 and $3.12. Peer Snowflake rose 3.2%.

Cracker Barrel rose 8% after vowing to bring back its old logo following pressure from President Donald Trump. The homestyle restaurant chain said its new logo would “go away” and its “old timer” would stay. The decision came just hours after Trump posted on social media that Cracker Barrel should return to its former logo and “admit a mistake.”

Kohl’s jumped 24% after reporting second-quarter adjusted earnings of 56 cents a share, well above consensus, and raising its fiscal-year outlook. The stock fell 6.5% late Tuesday after Bloomberg reported that the retailer was asking some vendors for more time to settle invoices. The report cited people familiar with the matter.

Okta posted second-quarter earnings and revenue that beat Wall Street forecasts and raised its fiscal-year outlook. The identity-security company said its remaining performance obligations, or its subscription backlog, increased 18% to $4.15 billion in the second quarter. The company expects fiscal-year adjusted earnings of $3.33 to $3.38 a share on revenue of $2.88 billion to $2.89 billion. It previously guided for earnings of $3.23 to $3.28 a share on revenue of $2.85 billion to $2.86. Shares were up 1.6% on Wednesday.

Shares of nCino surged 14% after the fintech reported better-than-expected second-quarter adjusted earnings of 22 cents a share on revenue of $148.8 million and boosted its fiscal 2026 profit and revenue guidance.

Second-quarter earnings at Box topped analysts’ consensus, and billings rose 3% to $264.9 million in the quarter. “We continued to see strong momentum with Enterprise Advanced, which delivers intelligent workflow automation, advanced AI, powerful AI agents, and secure content management in one plan,” said CEO Aaron Levie. The cloud-storage company said it expects fiscal full-year revenue to increase 8% to between $1.17 and $1.18 billion, up from a prior estimate for growth of 7%. Box shares were up 4.2%.

Canada Goose gained 16% after the outerwear retailer’s controlling shareholder received bids to take the company private, according to a report from CNBC. Bain Capital, which together with Canada Goose CEO Dani Reiss controls around 92% of voting power in the company, has drawn offers that value the Toronto-based retailer at around $1.35 billion, CNBC reported.

J.M. Smucker fell 4.4%. The packaged-food maker, which owns brands such as Jif peanut butter and Folgers coffee, posted fiscal first-quarter adjusted earnings of $1.90 a share, below analysts’ consensus of $1.93. Sales totaled $2.11 billion, down 1% from the prior year and just shy of Wall Street’s call for $2.12 billion.

In addition to Nvidia, earnings reports were expected after the closing bell Wednesday from CrowdStrike Holdings, Snowflake, Veeva Systems, Trip.com Group, Agilent Technologies, HP Inc., NetApp, Pure Storage, Nutanix, and Urban Outfitters.

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