Ever have one of those trading sessions where you look away for five minutes and the entire leaderboard flips? Yeah, today was one of those.
I was grabbing my second coffee when the alerts started blowing up my phone – MongoDB gaps 20% higher, Credo Technology suddenly the hottest thing since Nvidia, and poor Instacart getting crushed because Amazon decided 30-minute grocery delivery sounds fun. Welcome to midday on December 2, 2025. Buckle up.
The Names Lighting Up Screens Right Now
MongoDB – The Quarter Everyone Missed
Let’s start with the monster move of the day. MongoDB dropped numbers that made analysts look like they’d been reading the wrong company. Adjusted earnings of $1.32 per share when the Street wanted 80 cents? Revenue at $628 million against a $592 million whisper? That, my friends, is what we call a proper beat-and-raise.
The stock blasted 23% higher and honestly still feels cheap to some of the sharper fund managers I follow. The company lifted full-year guidance again, and the Atlas cloud database growth keeps accelerating. In a world obsessed with AI workloads, flexible NoSQL databases are basically the new oil.
When a software company grows revenue 30%+ and expands margins at the same time, you pay attention. Simple as that.
Credo Technology – The Quiet AI Winner Wakes Up
If MongoDB was loud, Credo was the sleeper that detonated. This maker of high-speed cables and optical chips for AI data centers reported 67 cents adjusted earnings (analysts wanted 49 cents) on $268 million revenue (they wanted $235 million). Then came the real bomb – next quarter guidance of $335–345 million when the Street had only modeled $248 million.
Do that math. That’s roughly 40% above consensus. Shares rocketed 14% and probably have further to run. Every hyperscaler is racing to wire together bigger and bigger GPU clusters. Credo just became the toll road.
Boeing – Finally Some Good News
Look, I’m not saying all of Boeing’s problems are solved, but an 8% pop doesn’t happen by accident. Two things hit the tape: a fresh $104.4 million Navy contract for display repairs and – perhaps more importantly – management actually putting a positive 2026 free-cash-flow number out there.
Investors have been starving for any sign of light at the end of the tunnel. Today they got a flashlight. Still a long way to go, but the stock needed this kind of catalyst.
Instacart (Maplebear) – Amazon Flexes Again
On the flip side, Instacart’s parent Maplebear dropped almost 4% after Amazon casually announced it’s testing “ultra-fast” grocery delivery – think 30 minutes or less – in Seattle and Philadelphia.
Nothing sends chills through a growth stock like hearing Amazon is entering your sandbox with a bigger shovel. Instacart has spent years building batching algorithms and shopper networks, and now the everything-store wants to lap them on speed. Rough day to be long CART.
XPO – Freight Still Soft
XPO gave a November tonnage update that reminded everyone the freight recession isn’t over yet. Tonnage down ~5% year-over-year, shipments off 2%. Not catastrophic, but enough to send shares down 7+%. The less-than-truckload space remains stuck in neutral waiting for industrial activity to pick back up.
Strategy (ex-MicroStrategy) – Bitcoin Proxy Bounces
Bitcoin briefly dipped under $85k yesterday, taking Strategy shares with it. Today the coin rebounded above $90k and Strategy shares tacked on 4%. At this point the stock is basically a leveraged bitcoin ETF with a side hustle in enterprise analytics. Wild times.
Janux Therapeutics – Clinical Data Miss Crushes Dreams
Not every biotech day is a winner. Janux plunged 47% after early prostate-cancer trial data came in weaker than the Street hoped. Phase 1 readouts are always binary, and today the coin flip went against them. Brutal reminder that 90%+ downside risk is just part of the biotech game.
Signet Jewelers – Holiday Guidance Disappoints
The owner of Kay and Zales beat on the top line for Q3 and raised full-year guidance, but the Q4 outlook spooked investors. They guided holiday revenue $2.24–2.37 billion when analysts wanted $2.38 billion at the midpoint. Close, but in retail close only counts in horseshoes and holiday comps. Shares off 4%.
Smaller Moves Worth Watching
- United Natural Foods +9% on earnings beat (56c vs 40c expected)
- Cloudflare +2% after Barclays overweight initiation ($235 PT)
- Solaris Energy Infrastructure +3% – Morgan Stanley loves the secured generation equipment through 2028
- Teradyne and Bausch + Lomb both +4% on analyst upgrades
- Six Flags +2% – Truist says new CEO will finally fix operations
Sometimes the midday action tells you more about where money is flowing than the macro headlines ever could. Today the market rewarded companies powering or enabling AI infrastructure (MongoDB, Credo, Teradyne, Cloudflare) while punishing anyone facing Amazon competition or soft freight demand.
That rotation feels very 2025 – growth compounding in narrow AI-related pockets while the rest of the economy muddles along. If you’ve been waiting for confirmation that the AI capex boom is alive and well, today handed it to you on a silver platter.
As always, some of these moves will stick and some will mean-revert by the close. But the names printing new highs midday? Those are the ones I’m keeping on the watchlist tonight.
Stay nimble out there.
