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Top Stock Movers – November 12, 2025

 

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U.S. stock markets traded mixed at midday Wednesday as investors awaited a congressional vote to end the 43-day government shutdown. The Dow Jones Industrial Average climbed to a new record high, while the Nasdaq Composite and S&P 500 slipped slightly.

Advanced Micro Devices (AMD) led S&P 500 gainers, surging 9% after the chipmaker outlined a stronger long-term outlook during its first-ever analyst day.

Shares of On Holding (ONON) soared 20%, marking the Swiss athletic brand’s third consecutive quarterly outlook upgrade following better-than-expected results.

International Business Machines (IBM) rose around 2% after announcing several breakthroughs in quantum computing technology.

In contrast, Circle Internet Group (CRCL) fell 10% as the USDC stablecoin issuer lifted its adjusted operating expenses forecast for the fiscal year.

Paramount Skydance (PSKY) dropped 6.5%, erasing part of Tuesday’s near-10% rally following the merged company’s first post-merger earnings release.

AppLovin (APP) extended its recent losses, slipping another 1.5% after leading Tuesday’s declines with a nearly 9% drop.


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