Midday trading movers highlight AI financing bets, earnings pressure

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Highlights

Nvidia's partnership with six firms for over $500 billion in AI data center financing drives gains in Blackstone (+4%), Apollo, and KKR (each +6%).
Aramark rises 9% after fiscal Q3 revenue and EPS beat estimates and the company raises its full-year internally generated revenue growth outlook.
Aecom drops nearly 7% on 14% year-over-year Q3 revenue decline to $3.59 billion and a 50-cent adjusted loss per share due to project charge.

AI financing, upgrades and deal news drive gains

As reported by CNBC, a group of asset managers is surging in Tuesday midday trading after news that Nvidia is partnering with six firms to line up more than $500 billion in financing for hyperscalers and frontier artificial intelligence labs building data centers. Blackstone rises 4%, while Apollo and KKR each gain more than 6%, even as Nvidia is last slightly lower.

Jabil climbs 5% after UBS upgrades the circuit-board maker to buy. UBS analyst David Vogt says the call reflects a multiyear growth cycle supported by AI investment from Amazon, Meta and Google, along with rising healthcare demand and scaling automation and robotics markets.

Aramark advances 9% after fiscal third-quarter revenue and earnings per share top Street estimates, and the company raises its full-year outlook for internally generated revenue growth. Plug Power also rallies 13% after posting a smaller-than-expected second-quarter loss, while Fermi jumps 22% after signing its first binding customer lease with AI cloud provider TensorWave for its Project Matador campus outside Amarillo, Texas.

Guidance cuts and earnings miss concerns weigh on shares

AppLovin falls 5% after Bank of America downgrades the stock to neutral and says risks to the company's revenue growth forecast have increased. The bank also cuts its price target to $400 from $430.

Aecom loses nearly 7% after third-quarter revenue drops 14% from a year earlier to $3.59 billion and the company reports an adjusted loss of 50 cents a share. The results are weighed down by a construction management project charge.

Upwork slumps 13% after third-quarter guidance for earnings per share, revenue and adjusted EBITDA comes in below analyst estimates, while its full-year guidance is reduced from prior company projections. Hims & Hers Health declines 4% after trimming the upper end of its full-year EBITDA outlook and posting a second-quarter net loss of 37 cents per share, compared with a profit of 17 cents a year earlier.

Other notable decliners include Life360, down 25% after analysts view its adjusted EBITDA beat as largely driven by a one-time tariff benefit and cost timing, according to StreetAccount. On Holding drops 20% on mixed second-quarter results and lower full-year revenue guidance, while SpaceX slips nearly 5% after a recent three-day run in which the shares climbed more than 28%.

Our earlier report on Nvidia’s $500bn-plus AI infrastructure financing initiative explained how the chipmaker is working with major private capital groups to mobilize funding for hyperscalers and frontier AI labs building data centers, power capacity and AI cloud projects. The piece noted that the plan would create dedicated capital pools—still subject to final agreements—signaling Nvidia’s expanding role from supplying hardware to helping structure financing across its AI ecosystem.

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