Stock Markets March 5, 2026

Broad Market Movers: Chip Equipment Names Lead Declines as Select Stocks Rally

Lam Research and Applied Materials slip among mega-caps while Trade Desk and several small caps post strong gains

By Nina Shah LRCX AMAT TTD GE CAT
Broad Market Movers: Chip Equipment Names Lead Declines as Select Stocks Rally
LRCX AMAT TTD GE CAT

Trading Thursday produced pronounced moves across the market spectrum, with semiconductor-equipment names Lam Research (LRCX) and Applied Materials (AMAT) among the larger decliners and other stocks such as Trade Desk (TTD) posting notable gains. The session featured heavy losses in some mid- and small-cap names alongside outsized percentage advances for a handful of acquisition and SPAC-related issues.

Key Points

  • Major semiconductor-equipment names such as Lam Research (LRCX) and Applied Materials (AMAT) were among the larger declines in the mega-cap group.
  • Several large- and mid-cap names posted double-digit percentage moves, including Trade Desk (TTD) and Expedia (EXPE) on the upside and Ciena (CIEN) and Victoria’s Secret (VSCO) on the downside.
  • Small-cap activity included outsized gains for several SPAC and acquisition vehicles while certain retailers and service providers reported earnings misses or downward pressure.

Equity trading on Thursday was marked by wide price swings across market-cap tiers. Below is a company-by-company accounting of some of the most substantial percentage moves reported during the session, grouped by market-cap category.


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

  • Lam Research (LRCX): -6.0%
  • Applied Materials (AMAT); Erste Group initiates Applied Materials stock with hold rating: -5.41%
  • General Electric (GE): -4.71%
  • Caterpillar (CAT): -4.76%
  • Philip Morris International (PM); Philip Morris declares $1.47 quarterly dividend: -4.93%
  • Micron Technology (MU): -4.03%
  • GE Vernova (GEV); Erste Group initiates GE Vernova stock coverage with buy rating: -4.28%
  • Wal-Mart Stores (WMT); Erste Group downgrades Walmart stock rating to hold on valuation: -4.37%
  • Merck & Co (MRK): -3.71%
  • Amgen (AMGN); Amgen declares $2.52 quarterly dividend for Q2 2026: -4.16%

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

  • Ciena (CIEN): -15.75%
  • New Providence Acquisition Corp N (ASTS): -11.7%
  • Iris Energy (IREN); IREN orders 50,000 Nvidia B300 GPUs, expanding fleet to 150,000: -10.37%
  • Coherent (COHR); Coherent launches 224Gbps amplifier for 800G, 1.6T transceivers: -9.01%
  • Moderna (MRNA): -8.82%
  • Trade Desk (TTD): +17.6%
  • Venture Global (VG): +10.62%
  • Expedia (EXPE): +12.0%
  • Okta (OKTA): +9.42%
  • Credo Technology Holding (CRDO): +8.68%

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

  • Victoria’s Secret (VSCO): -17.11%
  • Integrated Electrical Services (IESC): -14.51%
  • Mudrick Capital Acquisition (HYMC): -14.61%
  • American Eagle Outfitters (AEO); American Eagle shares jump 4% on earnings and revenue beat: -14.65%
  • Vicor (VICR): -11.5%
  • Ivanhoe Electric (IE): -11.88%
  • Uranium Energy Corp (UEC): -10.77%
  • nLIGHT (LASR): -9.91%
  • Unifirst (UNF); Cintas Corp. (CTAS) said to be near deal for UniFirst Corp (UNF) - Bloomberg: +16.59%
  • StubHub (STUB); Wedbush downgrades StubHub stock rating on direct issuance concerns: -12.34%

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

  • Ivanhoe Capital Acquisition (SES): -35.66%
  • Cybin (HELP): -32.18%
  • Lawson Products (DSGR); Distribution Solutions Group misses on revenue and earnings: -26.48%
  • Grocery Outlet (GO); Grocery Outlet tumbles 23% on Q4 earnings miss, weak guidance amid consumer pressure: -26.87%
  • Sabre Corp (SABR): -21.86%
  • Wowo (CD): -21.33%
  • Flame Acquisition (SOC): +31.07%
  • Rotor Acquisition (PDYN): +28.4%
  • Bctg Acquisition Corp (TNGX): +25.7%
  • Halcon (BATL): +45.93%

These moves reflect a mix of analyst actions, corporate announcements and earnings-related headlines cited alongside transaction and issuance concerns. Some names moved on coverage changes and ratings actions while others reacted to dividend declarations, product launches, capital expenditures, or earnings results as noted above.

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Risks

  • Analyst coverage changes and downgrades can pressure share prices across sectors, as indicated by Erste Group and Wedbush actions - this affects large-cap and mega-cap stocks.
  • Earnings misses and weak guidance have driven steep declines for some retailers and small-cap companies, highlighting earnings risk in consumer-facing and small-cap segments.
  • Announcements of capital spending or large equipment orders, and concerns around issuance or transactions, can materially re-rate names in technology, mining, and acquisition-related stocks.

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