Ten stocks fell sharply on Tuesday, mimicking an overall market pessimism, as investors sold off positions amid a flurry of dismal earnings and a mixed growth outlook for the rest of the year.
Meanwhile, Wall Street’s three major indices all finished in the red, with the Nasdaq down the most by 2.04 percent. The S&P 500 followed with a 1.17 percent decline, while the Dow Jones dropped by 0.53 percent.
In this article, we spotlight the 10 companies that led Tuesday’s drop and break down the reasons behind their weak performance.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and more than 5 million shares in trading volume.
A stock market graph. Photo by Alesia Kozik on Pexels
10. Lumen Technologies Inc. (NYSE:LUMN)
Lumen Technologies dropped its share prices by 10.90 percent to close at $10.54 apiece as investors resorted to profit-taking to take advantage of yesterday’s all-time high.
Additionally, Lumen Technologies Inc. (NYSE:LUMN) mirrored a broader market downturn, as investors turned increasingly concerned about the valuations of leading artificial intelligence stocks.
Last week, Lumen Technologies Inc. (NYSE:LUMN) announced that it widened its net loss in the third quarter of the year by 319 percent to $621 million from $148 million in the same period last year on the back of higher expenses.
Meanwhile, adjusted EBITDA fell by 32 percent to $571 million from $843 million, while total revenues dipped by 4.16 percent to $3.087 billion from $3.221 billion year-on-year.
Despite the figures, Lumen Technologies Inc. (NYSE:LUMN) reaffirmed its growth outlook for full-year 2025, with total adjusted EBITDA expected to hit $3.2 billion to $3.4 billion.
Capital expenditures were on track to hit $4.1 billion to $4.3 billion, as the company ramps up developments aimed at supporting the artificial intelligence industry.
9. Aurora Innovation, Inc. (NASDAQ:AUR)
Aurora Innovation declined for a second day on Tuesday to hit a new 52-week low amid lingering caution over its financial performance.
At intra-day trading, the stock fell to its lowest price of $4.48 before trimming gains to finish the day just down by 11.19 percent at $4.485 apiece.
Last week, Aurora Innovation, Inc. (NASDAQ:AUR) said it narrowed its net loss in the third quarter of the year by 3.4 percent to $201 million from $208 million in the same period last year.
It also incurred a revenue of $1 million across driverless and vehicle operator-supervised commercial loads.
Operating loss—which included a $51 million stock-based compensation (SBC)—increased by 13 percent to $222 million from $196 million year-on-year.
“For the remainder of the year, we will continue to focus on expanding driverless operations and advancing our programs to support our 2026 scaling objectives to accelerate our first-mover advantage to reinforce our leadership position,” said Aurora Innovation, Inc. (NASDAQ:AUR) Chief Finance Officer David Maday.
In other news, Aurora Innovation, Inc. (NASDAQ:AUR) said it expanded its driverless trucking services to El Paso, Texas, after surpassing 100,000 driverless miles on public roads.
It said it also plans to deploy hundreds of driverless trucks with its next-generation Aurora Driver hardware in 2026, fortifying a clear path to meet strong customer demand.
8. Oklo Inc. (NYSE:OKLO)
Oklo Inc. extended its losing streak to a fourth straight day on Tuesday, slashing 11.40 percent to close at $112.23 apiece, as investors unloaded portfolios ahead of the results of its earnings performance.
In a notice to its investors, Oklo Inc. (NYSE:OKLO) said it would release the results of its financial and operating performance after market close next Tuesday, November 11. An investor call will be held to discuss further details.
In recent news, Oklo Inc. (NYSE:OKLO) clinched a strategic partnership with Newcleo and Blykalla for the development of advanced fuel fabrication and manufacturing infrastructure in the United States.
According to the company, Newcleo would invest up to $2 billion in the project, while Blykalla would co-invest and procure fuel-related services for the same projects.
“By channeling large-scale transatlantic investments into the American advanced nuclear industry, the partnership exemplifies Newcleo’s and Blykalla’s interest in the US market and supports the domestic expansion of Oklo’s fuel and fast-reactor technologies. Partnerships like this show how allied collaboration can strengthen energy innovation, leadership, and dominance in the United States,” Oklo Inc. (NYSE:OKLO) said.
7. SoundHound AI Inc. (NASDAQ:SOUN)
SoundHound AI dropped for a second day on Tuesday, losing 11.57 percent to close at $15.13 apiece as investors unloaded portfolios ahead of the results of its earnings performance this week.
According to the company, it would release the results of its financial and operating highlights for the third quarter of the year after market close on Thursday, November 6.
SoundHound AI Inc. (NASDAQ:SOUN) earlier said it targeted revenues for full-year 2025 to hit $160 million to $178 million.
In recent news, SoundHound AI Inc. (NASDAQ:SOUN) said it partnered with technology services distributor, Telarus, to introduce its transformative AI solutions—including the Amelia 7 AI Agent and Autonomics platforms to technology advisors and enterprise customers.
The Amelia 7 platform can handle complex multi-step user queries by orchestrating multiple AI agents with specific functions to answer questions, execute transactions, and resolve problems via text or voice, without the need for human intervention. Meanwhile, the Autonomics platform enables the AI-driven, end-to-end automation of IT systems through a single pane of glass.
Unlike traditional IT Infrastructure monitoring, Autonomics allows a user to understand why an issue occurred and to resolve it fast, turning existing IT tools into an automated, digital-first self-healing system that detects, diagnoses, and resolves problems.
6. Hut 8 Corp. (NASDAQ:HUT)
Hut 8 snapped two straight days of gains on Tuesday, losing 12.53 percent to close at $48.11 apiece as investors appeared to have already priced in a strong earnings performance in the third quarter of the year.
In its updated report, Hut 8 Corp. (NASDAQ:HUT) said attributable net income surged by more than 7,600 percent to $50.1 million from only $647,000 in the same period last year.
Revenues jumped by 91 percent to $83.5 million from $43.7 million year-on-year, on the back of strong revenues from high-performance computing (HPC), at $70 million, or 410 percent higher than the $13.7 million year-on-year.
“In the third quarter, we reached an inflection point in the scale and maturity of our development flywheel,” Hut 8 Corp. (NASDAQ:HUT) CEO Asher Genoot said.
“As we build on this momentum, our focus remains on monetizing our Energy Capacity Under Development, which together with our broader pipeline, collectively exceed eight gigawatts of capacity as of quarter-end. Supported by a fortress balance sheet, disciplined capital framework, and diversified platform spanning Power, Digital Infrastructure, and Compute, we are executing from a position of strength. Together, we believe these developments reflect a business with structural advantage, proven commercial velocity, and a long runway for continued growth and value creation at the intersection of energy and technology,” he added.
5. NuScale Power Corp. (NYSE:SMR)
NuScale dropped for a second day on Tuesday, losing 12.74 percent to close at $35.63 apiece as investors sold off positions ahead of the results of its earnings performance this week.
According to NuScale Power Corp. (NYSE:SMR), it will release the results of its financial and operating highlights for the third quarter of the year after market close on Thursday, November 6.
In recent news, NuScale Power Corp. (NYSE:SMR) pledged support to its exclusive global strategic partner, ENTRA1 Energy, after the latter secured $25 billion worth of new deals under the newly signed $550 billion US-Japan Framework Agreement.
As part of the initiative, ENTRA1 Energy will develop a fleet of power plants utilizing baseload energy sources. The program will serve fast-growing energy demand from AI data centers, manufacturing, and national defense, while creating thousands of high-quality American jobs and reinforcing U.S. energy independence.
“We are proud to support ENTRA1 Energy as they take part in this historic agreement between the United States and Japan,” said NuScale Power Corp. (NYSE:SMR) President and CEO John Hopkins.
“This collaboration underscores the central role of advanced nuclear in powering our economy, strengthening alliances and providing the reliable energy needed for AI, manufacturing and critical infrastructure,” he said.
4. WeRide Inc. (NASDAQ:WRD)
WeRide snapped a two-day winning streak on Tuesday, shedding 13.72 percent to close at $9.40 apiece as investors went on a wait-and-see mode for its performance amid this week’s official listing on the Hong Kong Stock Exchange.
In a statement, WeRide Inc. (NASDAQ:WRD) said it would officially debut on the HKEX on Thursday, November 6, joining other US-listed Chinese firms that sought a dual listing to mitigate risks of getting delisted from US exchanges. It would trade under the stock code “0800.”
According to WeRide Inc. (NASDAQ:WRD), it would issue more than 88.25 million Class A shares, comprising international and Hong Kong shares.
The final price for both offerings was set at HK$27.10 apiece, or $10.36 per ADS, or a potential to raise $308 million.
Proceeds from the offer will be used to develop its autonomous driving technology stack, accelerate the commercial mass production and/or operation of L4 fleets, enhance the quality of its autonomous driving products and solutions, and expand its business scale, among others.
3. Zoetis Inc. (NYSE:ZTS)
Zoetis fell to a new 52-week low on Tuesday, as investor sentiment was dampened by a lower revenue growth outlook for full-year 2025.
In intra-day trading, Zoetis Inc. (NYSE:ZTS) dropped to its lowest price of $122.03 before trimming gains to end the day just down by 13.78 percent at $124.46 apiece, after revenue guidance for full-year 2025 was reduced to a range of $9.4 billion to $9.475 billion from $9.45 billion to $9.6 billion projected previously.
Net income outlook was also lowered to a range of $2.625 billion to $2.665 billion from $2.65 billion to $2.7 billion prior.
In the third quarter of the year, Zoetis Inc. (NYSE:ZTS) grew its attributable net income by 5.7 percent to $721 million from $682 million, while revenues ended flat at $2.4 billion.
“While growth moderated in the third quarter in line with our expectations, we achieved significant regulatory milestones, including major new product approvals, geographic expansions and differentiating lifecycle innovations across products and species. With our manufacturing excellence, strong customer relationships and a robust pipeline, we are well positioned to advance animal care, bring new products to market and deliver sustainable growth and value for our shareholders,” said Zoetis Inc. (NYSE:ZTS) CEO Kristin Peck.
2. Navitas Semiconductor Corp. (NASDAQ:NVTS)
Navitas fell for a second day on Tuesday, shedding 14.61 percent to close at $10.46 apiece after a dismal earnings performance in the third quarter of the year.
In a statement, Navitas Semiconductor Corp. (NASDAQ:NVTS) said it widened its net loss by 2.7 percent to $19.2 million from $18.7 million in the same period last year, on the back of lower revenues.
Total revenues declined by 53 percent to $10 million from $21.68 million year-on-year.
For the fourth quarter of the year, Navitas Semiconductor Corp. (NASDAQ:NVTS) said it expects net revenues to settle at $7 million, plus or minus $250,000 due the company’s strategic decision to deprioritize low power, lower profit China mobile and consumer business, as well as streamline distribution network and reduce channel inventory to pivot to higher power revenue and customers.
“We are executing a strategic pivot from consumer and mobile markets to these fast-growing, more profitable, more sustainable higher-power segments. Our rapid and decisive actions around resource reallocation, product roadmap, and go-to-market changes are designed to deliver better results, enhance the scale and quality of our business and create long-term value for our customers, employees, and stockholders,” said Navitas Semiconductor Corp. (NASDAQ:NVTS) President and CEO Chris Allexandre said.
1. Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)
Norwegian Cruise fell by 15.28 percent on Tuesday to close at $18.79 apiece as investors soured on a mixed earnings result in the third quarter of the year.
In an updated report, Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) said net income declined by 11.77 percent to $419 million from $474.9 million in the same period last year, amid higher expenses.
Revenues, on the other hand, jumped by 3.6 percent to $2.9 billion from $2.8 billion year-on-year, primarily driven by higher capacity days and strong demand, partially offset by lower air program participation, which also reduced air-related costs, mainly due to changes in itinerary mix.
Adjusted EBITDA increased percent to $1.019 billion, compared to $931 million in 2024, exceeding its guidance of $1.015 billion.
Adjusted EPS was $1.20, exceeding guidance of $1.14.
For full-year 2025, Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) reaffirmed its outlook for adjusted net income and EBITDA, at $1.045 billion and $2.72 billion, respectively.
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