Stocks making the biggest moves Friday: Nvidia, Cisco Systems, AMD, Apple, Modine & more

Apple shares climbed nearly 1% Friday, reaching an intraday record of $360.80, lifting the company’s market value above $5.2 trillion.

The stock has benefited as investors move away from companies exposed to the AI infrastructure boom.

While many of its Magnificent Seven peers are committed to AI infrastructure buildouts, Apple has managed to stay away from the costly AI arms race. Bernstein analysts recently called Apple a “safe haven” and reiterated an outperform rating on Apple in the report, and a $380 price target, implying about 7% upside from Thursday’s close.

— Deena Zaidi

Liftoff Mobile, a mobile advertising platform, soared 22% on the back of a quarterly beat and solid guidance.

Third-quarter earnings of 47 cents per share and revenue of $238 million surpassed the FactSet consensus estimate of 18 cents a share and $221.7 million.

Full-year guidance for revenue of $907 million to $912 million also beat analysts’ call for $879.1 million.

—Darla Mercado, Nick Wells

Shares for Steris gained nearly 4% after Jefferies upgraded the medical products company to buy from hold. 

Jefferies also gave the company a $305 price target, implying a 20% upside from Thursday’s close. 

Analyst David Windley said Steris has benefited from growth in healthcare procedures and the stock’s pricing is attractive.

“Macro-Led Multiple Compression Creates Attractive Entry Point,” Windley wrote, noting that investors can buy “a steady [double-digit]% EPS grower below its avg multiple with headwinds behind it.”

— Ananya Chetia

Networking technology giant Cisco slid 6%, tumbling a day after posting beats in the first quarter and raising guidance for the fiscal year ending July 2027.

The company lifted its outlook for the full year, calling for adjusted earnings of $5.47 to $5.53 per share, topping the FactSet consensus of $5.10 per share

Even as the stock dropped on Friday, Cisco is heading for a 2% gain on the week. It’s on pace to snap a four-week slide.

—Darla Mercado

Photonics company Coherent lost more than 9%, while memory stock Sandisk dropped 8%.

—Darla Mercado

Shares of Modine Manufacturing Company soared more than 25% after a Bloomberg report that Samsung Electronics is in talks to acquire the U.S. maker of thermal management equipment. The report cited people familiar with the matter. Modine shares had soared more than 29% in after-hours trading Thursday following the report, while Samsung was up 2%.

The companies are discussing a potential deal that could be reached in coming weeks, according to the report. Modine has a market cap of roughly $5.6 billion, according to LSEG data.

Samsung acquired Germany’s FläktGroup last year as part of an effort to expand its presence in the data center cooling market.

— Deena Zaidi

— Fred Imbert, Gina Francolla

Embattled Nvidia fell as much as 3.5% in early trading Friday, brining the weekly decline to almost 14% in the wake of Thursday’s resignation of former CEO Jensen Huang.

Nvidia has now fallen for six straight weeks, and hasn’t posted a weekly advance since the week ending Oct. 2. Nvidia is down 31% duriing this six-week slump.

— Scott Schnipper

Shares of the home improvement slid more than 1% after Stifel downgraded Lowe’s Companies to sell from hold, ahead of next week’s earnings report.

“We believe HD/LOW shares do not currently offer this required certainty with underappreciated challenges on three fronts: weaker F2H26 backdrop; FY27-FY28 operating margin pressure; structural issues including known DIY weakness, housing category uncertainty, and increased competition requiring investments to sustain long-term growth prospects,” analyst Andrew Carter wrote on Thursday. “Our HD/LOW FY28E adjusted EPS are -7%/-8% below consensus respectively.”

The analyst trimmed his price target to $190.00 from $195.00, representing a more than 16% fall from Thursday’s close of $227.46. The stock is already down more than 5% this year.

— Sarah Min

Shares for Broadcom fell 5% after Rothschild & Co. Redburn downgraded the global technology company to neutral from buy on Friday.

“Broadcom’s alignment with Anthropic and OpenAI means the frontier labs need to establish sustained primacy over open models and become self-financing in short order,” wrote Mike Harrison, an analyst at Rothschild & Co. Redburn. 

— Ananya Chetia

Baird upgraded Domino’s Pizza to outperform from neutral, raising its price target to $400, implying about 20% upside from Thursday’s close.

“Improving sales and franchisee economics should drive the stock,” analyst David Tarantino wrote. The analyst expects a more disciplined promotional strategy to lift order values and same-store sales in 2027.

Tarantino said Domino’s has refined its promotions to generate more profitable sales.

The firm raised its fourth-quarter U.S. same-store sales forecast to 1.5% from 1% and lifted its 2027 projection to roughly 2%. Easier comparisons, new menu items and efforts to attract more group-dining orders could provide additional support.

— Deena Zaidi

Shares of the home improvement slid more than 1% after Stifel downgraded Lowe’s Companies to sell from hold, ahead of next week’s earnings report.

“We believe HD/LOW shares do not currently offer this required certainty with underappreciated challenges on three fronts: weaker F2H26 backdrop; FY27-FY28 operating margin pressure; structural issues including known DIY weakness, housing category uncertainty, and increased competition requiring investments to sustain long-term growth prospects,” analyst Andrew Carter wrote on Thursday. “Our HD/LOW FY28E adjusted EPS are -7%/-8% below consensus respectively.”

The analyst trimmed his price target to $190.00 from $195.00, representing a more than 16% fall from Thursday’s close of $227.46. The stock is already down more than 5% this year.

— Sarah Min

Shares for Palo Alto Networks were over 3.5% after KeyBanc Capital Markets upgraded the company to overweight from sector weight. 

Analyst Eric Heath said the artificial intelligence cybersecurity outperforms others in the industry and expects the company’s security budgets to grow faster through 2027.

“Given this, along with our positive F1Q checks and the 20% pullback in shares the past month, we see an attractive entry point,” Heath said.

Health gave the artificial intelligence cybersecurity company a $380 price target, implying a 17.7% upside from Thursday’s close. 

— Ananya Chetia

Shares for Applied Materials gained slightly after the company beat on earnings per share and revenue against estimates on Thursday.

The materials engineering and solution company reported fourth quarter earnings of $4.16 per share, excluding items, with revenues of $10.41 billion. Analysts polled by LSEG expected earnings per share of $4.05 on revenues of $10.30 billion.

Shares of Cerebras were up 16% after the AI play reported a surprise profit and better-than-expected revenue for the third quarter.

The company earned an adjusted 12 cents per share. Analysts polled by LSEG expected a loss of 14 cents per share. Revenue of $231 million exceeded a forecast of $215 million.