Lam Research plunged 11.8% on Thursday after warning that short supplies of factory space and parts will limit chipmakers into 2027. KLA lost 9.5% and Applied Materials 8.2%.
Meta slid 7.0% on Thursday after spending $34.91 billion on data centers and equipment in a quarter, leaving free cash flow at -$2.12 billion, and creating new nonvoting shares.
Moderna plunged 17.6% on Thursday after Phase 3 results for its melanoma vaccine with Merck appeared online two days early, showing a 42% cut in the risk of relapse or death.
Spotify soared 11.1% on Thursday after forecasting €820 million of fourth-quarter operating income, above the €813.4 million analysts expected, and beating its subscriber goal.
P&G earned $2.00 a share on a core basis, above the $1.88 analysts expected, on sales of $23.3 billion, up 4%. It kept its full-year outlook despite a $1.4 billion commodity-cost headwind.
