U.S. Stocks to Watch: Applied Materials, Arista, Coinbase, DraftKings, Expedia, Rivian, Roku, Pinterest, and More

Stock futures traded mostly lower Friday with investors remaining on edge about artificial intelligence ahead of the consumer-price inflation reading for January.

These stocks were poised to make moves Friday:

Applied Materials jumped 11% in premarket trading after the semiconductor-equipment maker beat analysts’ earnings and revenue estimates for its fiscal first quarter. The company also issued a better-than-expected forecast for the current quarter. CEO Gary Dickerson said the company expects its semiconductor business to grow by more than 20% this year.

Arista Networks rallied 11% ahead of the opening bell after the networking-equipment company topped Wall Street’s targets for fourth-quarter earnings and revenue. The company maintained its forecast for a 62% to 64% gross margin this year, easing concerns higher memory prices. The results came just a day after shares in peer Cisco Systems slumped 12% after Cisco reported that surging memory costs had dragged on its margins over the fiscal second quarter.

Coinbase Global jumped 7.2% after the cryptocurrency exchange operator reported fourth-quarter revenue that missed expectations and swung to a loss in the period on steep declines in the price of Bitcoin and other digital currencies. Investors may be using the earnings miss as an opportunity to buy the dip, seeing as shares have tanked 50% over the past three months amid a brutal crypto selloff.

Airbnb gained 4.2%. The vacation rental’s fourth-quarter profit fell short of analysts’ expectations. Solid revenue guidance may be driving shares higher: For the current quarter, Airbnb anticipates revenue of $2.59 billion to $2.63 billion, above what Wall Street had forecast.

DraftKings slumped 14% after the sports-betting company missed Wall Street’s fourth-quarter earnings expectations and issued soft revenue guidance for the current year. The results could fuel worries about the threat that prediction markets like Kalshi and Polymarket pose to sportsbooks, although DraftKings did launch a prediction market of its own in the fourth quarter. Polymarket has a data sharing partnership with Dow Jones, the publisher of Barron’s.

Expedia Group was the S&P 500’s biggest loser in the premarket session, sliding 4.2% even though the online travel agency reported better-than-expected earnings and revenue for the fourth quarter. Shares took a beating last week on fears that AI will replace many service-based industries and those worries may have been driving the selloff Friday.

Fastly jumped 2.7% ahead of the opening bell, a day after the IT infrastructure provider rose 72% on better-than-expected fourth-quarter earnings and solid guidance. The stock’s jump Thursday was its largest daily percentage increase on record, according to Dow Jones Market Data. At their intraday high, shares had risen as much as 92%.

Instacart added 13% after the food-delivery platform, also known as Maplebear, beat Wall Street’s adjusted earnings and revenue targets for the fourth quarter. At the midpoint, Instacart’s guidance for first-quarter adjusted earnings before interest, taxes, depreciation, and amortization also beat expectations.

Pinterest tumbled 20% after the social-media company’s fourth-quarter adjusted earnings met expectations but revenue fell short. Pinterest sees growth slowing in the first quarter, guiding for revenue that was weaker than Wall Street forecasts.

Rivian Automotive jumped 20% after the electric-vehicle maker reported a fourth-quarter gross profit of $120 million, when Wall Street was expecting the company to break even. Rivian sold 9,745 cars in the fourth quarter, down from 14,183 a year earlier. For 2026, the company anticipates delivering between 62,000 and 67,000 cars, up from about 42,000 vehicles in 2025.

Roku jumped 14% after the streaming device maker topped analysts’ fourth-quarter earnings estimates and issued strong guidance for the current year. The company gets a cut of subscription fees for channels and streaming services that are bought through its platform, so its revenue gets a boost when users sign up for streamers to watch events like the Olympics and the FIFA World Cup.

Moderna and Enbridge are scheduled to report earnings Friday.