Biggest Stock Movers Today: Fervo, Nebius and Ford Surge as Wix Sinks on AI Spending Shock
Fervo Energy surged 33% in its Nasdaq debut, raising $1.89 billion and reaching a $10.21 billion valuation. Nebius, Ford, Akamai, and Wolfspeed climbed as investors sought AI-infrastructure stocks. Wix and Dynatrace fell after earnings. Producer prices jumped 1.4% in April, the biggest monthly rise in four years, while rate-cut expectations for 2026 dropped.