Stock Markets May 13, 2026 02:01 PM

Arm, Alibaba Lead Broad Swings as Mega-Caps Rally and Several Stocks Slip

Market action on Wednesday shows large gains for chip and cloud names while select technology and retail stocks retreat

By Derek Hwang BABA ARM TXN MU GOOGL

Stocks moved unevenly on Wednesday amid company-specific news and quarterly results, with Arm and Alibaba among the larger winners. A number of mega-cap technology and semiconductor names posted solid gains, while some software and retail-related names slipped. Movements ranged from double-digit jumps in smaller-cap names to notable declines among select mid- and small-cap issuers.

Arm, Alibaba Lead Broad Swings as Mega-Caps Rally and Several Stocks Slip
BABA ARM TXN MU GOOGL

Key Points

  • Mega-cap technology and semiconductor stocks, including Alibaba and Arm, recorded notable gains during the session.
  • Earnings beats and guidance drove material moves in mid- and small-cap names, producing both sharp rallies and steep declines.
  • Deal-related reporting and company announcements influenced individual stock performance across market-cap segments.

Trading on Wednesday produced a patchwork of winners and losers across market-cap categories as company disclosures and earnings-driven reactions influenced share prices. The session saw notable rallies among some large-cap technology and semiconductor stocks, while a handful of names, including Palantir Technologies, ended lower.


Mega-Cap Movers (Market Cap: $200 billion USD and higher)

  • Alibaba (BABA); Arm, Softbank Said To Have Tried To Buy Cerebras, Were Rebuffed - Bloomberg; +7.63%
  • Arm (ARM); Arm, Softbank Said To Have Tried To Buy Cerebras, Were Rebuffed - Bloomberg; +5.59%
  • Texas Instruments (TXN); +4.34%
  • Micron Technology (MU); +3.73%
  • Google (GOOGL); +3.75%
  • Qualcomm (QCOM); +2.54%
  • Tesla Motors (TSLA); +3.15%
  • Analog Devices (ADI); +3.67%
  • Home Depot (HD); -2.7%
  • Palantir Technologies Inc (PLTR); -4.56%

Large-Cap Stock Movers (Market Cap: $10-$200 billion USD)

  • Tower Semiconductor (TSEM); +18.26%
  • Yandex (NBIS); Nebius stock surges nearly 15% on earnings beat and strong guidance; +17.8%
  • Applied Opt (AAOI); +17.57%
  • Ford Motor Co (F); +13.72%
  • Fabrinet (FN); +11.27%
  • ON Semiconductor (ON); +10.8%
  • Reinvent Technology Partners Y (AUR); +10.32%
  • Coherent (COHR); +9.69%
  • Kratos Defense & (KTOS); -8.61%
  • Dynatrace Holdings LLC (DT); -13.9%

Mid-Cap Stock Movers (Market Cap: $2-$10 billion USD)

  • 21Vianet Group (VNET); VNET agrees to sell 38% stake to CATL-affiliated buyers; +25.33%
  • Cree Inc. (WOLF); +17.48%
  • Kingsoft Cloud Holdings Ltd (KC); +16.49%
  • Lightwave Logic Inc (LWLG); +14.94%
  • Vishay Intertechnology Inc (VSH); Vishay shares surge 10% on earnings beat and strong guidance; +13.74%
  • Resideo Tech (REZI); Resideo shares fall nearly 5% as Q2 guidance disappoints investors; -18.03%
  • Cai International Inc (CAI); -14.98%
  • Birkenstock Holding ltd (BIRK); -13.07%
  • WIX.COM LTD. (WIX); Wix shares fall 5% on earnings, revenue miss and soft guidance; -24.1%

Small-Cap Stock Movers (Market Cap: $300 million - $2 billion USD)

  • Methode Electronics Inc (MEI); +50.0%
  • Velo3D (VELO); +48.47%
  • Retail Value (RVI); +32.75%
  • Replimune Group Inc (REPL); +30.2%
  • Colonnade Acquisition (OUST); +25.24%
  • Tortoise Acquisition Corp (HYLN); +25.78%
  • AAOX (AAOX); +36.22%
  • National Vision (EYE); National Vision stock rises 5% on earnings beat despite revenue miss; -20.39%
  • Gilat Satellite N (GILT); -22.9%

The session ranged from strong single-day gains in chipmakers and equipment suppliers to sharp declines among several software and consumer-facing companies. Several moves were explicitly linked to earnings beats, revenue misses, or guidance updates, and others appear tied to deal-related news or company announcements.

Context for movers - In the mega-cap bucket, several semiconductor and technology names showed notable strength, while a handful of firms in software and retail categories posted declines after earnings or guidance developments. Middle- and small-cap listings delivered the most extreme single-day percentage moves, both positive and negative.

Investors tracking day-to-day market drivers should note that the drivers documented here are company-specific and span earnings results, guidance revisions, and reported negotiation activity involving potential acquisitions or strategic transactions.

Risks

  • Earnings and guidance outcomes continue to create volatility for technology, semiconductor, and consumer-facing companies.
  • Revenue misses and disappointing quarterly guidance are linked to sharp share price declines for affected firms in mid- and small-cap tiers.
  • Deal-related news or rebuffed acquisition attempts can produce rapid share-price reactions for companies involved.

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