Today’s Market Movers: Riot Platforms, Rocket Lab and Intel Lead Tuesday’s Biggest Stock Swings
TLDR
- Riot Platforms surged 19% after securing a 20-year, $9.1B data center lease with Anthropic
- Babcock & Wilcox jumped 41% on strong Q2 earnings and a raised profit outlook driven by AI power demand
- Plug Power climbed 8% after beating Q2 estimates and raising its 2026 revenue growth target
- Rocket Lab fell 9% despite record Q2 revenue, as investors focused on weak margin forecasts
- Intel slid after announcing a $20B stock offering to fund AI production expansion
Tuesday’s session saw sharp moves in both directions as investors waited on upcoming U.S. inflation data and kept an eye on uncertainty around the Strait of Hormuz shipping route.
Riot Platforms was the standout gainer, up 19%. The Bitcoin miner announced a 20-year, 191-megawatt data center lease with Anthropic. The deal is expected to generate $9.1 billion in initial revenue through June 2048, with extension options that could push the total value to $16.1 billion.
Riot also reported Q2 revenue of $174.2 million, up 14% year over year and above the $150.9 million analyst consensus. Data center revenue hit $23.2 million in its second quarter of reporting.
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