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Market Movers: CrowdStrike and MongoDB Soar While SoFi Stumbles on Rate Cut Optimism

MarketDash Editorial Team
2 days ago
Wall Street rode a wave of rate cut optimism this week, pushing the Nasdaq to its longest winning streak since January. While some tech darlings soared on strong earnings, others crashed hard as investors rotated away from speculative plays toward safer ground.

Markets had a moment this week. Wall Street surged as investor confidence in a December rate cut soared past 90%, fueled by soft inflation data and dovish commentary from Federal Reserve officials. The Nasdaq Composite notched its longest winning streak since January, while the S&P 500 flirted with record territory, lifted by broad gains across tech and consumer sectors.

Risk appetite came roaring back, with traders positioning aggressively for a Fed pivot—even as Chair Jerome Powell himself struck a noticeably cautious tone. The economic backdrop remained decidedly mixed: jobless claims ticked down, which sounds great, but layoffs and private payroll cuts hinted at stress lurking beneath the surface of the labor market.

Here's a look at some of the week's biggest winners and losers—the stocks that either crushed expectations or got absolutely crushed themselves.

The Bulls

CrowdStrike Calls Q3 "One Of Our Best Quarters In Company History"

CrowdStrike Holdings Inc. (CRWD) posted third-quarter revenue of $1.23 billion, up roughly 22% year-over-year and just edging past analysts' consensus estimate of about $1.22 billion. Adjusted earnings per share came in at $0.96 versus the $0.94 expected. Subscription revenue climbed to $1.17 billion, annual recurring revenue hit $4.92 billion (up 23% year-over-year), and free cash flow reached $295.9 million.

The company raised its full-year revenue and EPS guidance, with management calling the quarter "one of our best quarters in company history." Growing demand for AI-driven security solutions appears to be doing the heavy lifting here, boosting confidence that CrowdStrike can maintain momentum even as the broader cybersecurity landscape gets more competitive.

Robotics Stocks Rally on Trump Executive Order Speculation

Shares of robotics-linked companies—including iRobot Corp. (IRBT), Serve Robotics Inc. (SERV), and Richtech Robotics Inc. (RR)—surged after reports surfaced that the Donald Trump administration may issue an executive order in 2026 aimed at accelerating the U.S. robotics and advanced manufacturing sector. Investors interpreted the potential policy move as supportive of automation-related equities, sparking a rally across the space.

It's the kind of speculative catalyst that can send smaller-cap stocks flying, even if the actual order is still hypothetical and more than a year away. But in this market, hope is a strategy—at least for now.

MongoDB Smashes Estimates and Raises Guidance

MongoDB, Inc. (MDB) jumped after posting third-quarter revenue of $628.31 million and adjusted EPS of $1.32—both well above Wall Street's expectations. The company also raised its full-year guidance, citing strong customer growth and robust free cash flow. Demand for its cloud database platform continues to look solid, reinforcing the bull case that MongoDB is capturing meaningful share in a growing market.

Other bullish stories from the week included news that Marvell is reportedly chasing an acquisition of AMD-backed Celestial AI in a multi-billion-dollar deal. Salesforce stock surged following strong Q3 results and a raised fiscal 2026 outlook, fueled by what management described as a "powerful" remaining performance obligation pipeline. And UiPath also jumped after its Q3 earnings beat, as investors cheered improving fundamentals in the automation software space.

The Bears

Tech Stock Massacre: Super Micro, Palantir, Oracle Crash in November

Not everyone had a great month. Former high-flying tech names like Super Micro Computer Inc. (SMCI), Palantir Technologies (PLTR), and Oracle Corp. (ORCL) were among the worst performers in November, losing 35%, roughly 16%, and 23% respectively.

The culprit? A swift rotation out of AI-hyped equities sent shockwaves through the sector, with investors retreating toward more defensive, value-oriented names. When the momentum trade reverses, it can get ugly fast—and these stocks felt the full brunt of that shift.

Quantum Computing Stocks Bleed Out

Pure-play quantum stocks had an even rougher ride. Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) plunged roughly 40% and over 30%, respectively, in November. Other quantum names like IonQ (IONQ) and Quantum Computing Inc. (QUBT) also took a beating as investor enthusiasm cooled dramatically.

The speculative quantum-computing rally that had powered these stocks earlier in the year gave way to what can only be described as a sector-wide "bleed-out." When the hype fades and the fundamentals are still years away from maturity, gravity tends to reassert itself—quickly.

SoFi Stumbles on $1.5 Billion Stock Offering

SoFi Technologies Inc. (SOFI) shares slid roughly 5.7% in after-hours trading after the company announced a $1.5 billion common-stock offering. Investors interpreted the move as dilutive, especially given that the stock was already trading near 52-week highs. Timing matters, and this wasn't the moment shareholders wanted to see a big equity raise hit the tape.

Other bearish developments included Hewlett Packard Enterprise stock heading lower after Q3 earnings, IREN sliding on unexplained selling pressure, and DocuSign falling despite beating Q3 estimates—proof that sometimes even a win isn't enough to satisfy the market.

The Bigger Picture

This week's action underscores just how bifurcated the market has become. On one hand, you have quality names with strong fundamentals—companies posting real revenue growth, raising guidance, and generating cash flow—getting rewarded. On the other hand, speculative plays that rode the hype wave earlier in the year are now getting hammered as investors demand more than just a good story.

The rate cut narrative is adding fuel to the rally, but it's also introducing complexity. If the Fed does cut in December, that could extend the bull run. But if Powell's cautious tone signals that cuts won't come as fast or as deep as markets hope, we could see another round of volatility. Mixed economic signals—jobless claims improving while layoffs tick up—aren't making the picture any clearer.

For now, the momentum is clearly with the bulls. The Nasdaq's winning streak and the S&P 500's proximity to all-time highs suggest that risk appetite is alive and well. But the carnage in names like Super Micro and the quantum stocks serves as a reminder that when sentiment turns, it can turn hard. Positioning matters, and so does paying attention to what's actually driving the rallies and sell-offs beneath the surface.

As always, the market gives and the market takes away—sometimes in the same week.

Back to News

Market Movers: CrowdStrike and MongoDB Soar While SoFi Stumbles on Rate Cut Optimism

MarketDash Editorial Team
2 days ago
Wall Street rode a wave of rate cut optimism this week, pushing the Nasdaq to its longest winning streak since January. While some tech darlings soared on strong earnings, others crashed hard as investors rotated away from speculative plays toward safer ground.

Markets had a moment this week. Wall Street surged as investor confidence in a December rate cut soared past 90%, fueled by soft inflation data and dovish commentary from Federal Reserve officials. The Nasdaq Composite notched its longest winning streak since January, while the S&P 500 flirted with record territory, lifted by broad gains across tech and consumer sectors.

Risk appetite came roaring back, with traders positioning aggressively for a Fed pivot—even as Chair Jerome Powell himself struck a noticeably cautious tone. The economic backdrop remained decidedly mixed: jobless claims ticked down, which sounds great, but layoffs and private payroll cuts hinted at stress lurking beneath the surface of the labor market.

Here's a look at some of the week's biggest winners and losers—the stocks that either crushed expectations or got absolutely crushed themselves.

The Bulls

CrowdStrike Calls Q3 "One Of Our Best Quarters In Company History"

CrowdStrike Holdings Inc. (CRWD) posted third-quarter revenue of $1.23 billion, up roughly 22% year-over-year and just edging past analysts' consensus estimate of about $1.22 billion. Adjusted earnings per share came in at $0.96 versus the $0.94 expected. Subscription revenue climbed to $1.17 billion, annual recurring revenue hit $4.92 billion (up 23% year-over-year), and free cash flow reached $295.9 million.

The company raised its full-year revenue and EPS guidance, with management calling the quarter "one of our best quarters in company history." Growing demand for AI-driven security solutions appears to be doing the heavy lifting here, boosting confidence that CrowdStrike can maintain momentum even as the broader cybersecurity landscape gets more competitive.

Robotics Stocks Rally on Trump Executive Order Speculation

Shares of robotics-linked companies—including iRobot Corp. (IRBT), Serve Robotics Inc. (SERV), and Richtech Robotics Inc. (RR)—surged after reports surfaced that the Donald Trump administration may issue an executive order in 2026 aimed at accelerating the U.S. robotics and advanced manufacturing sector. Investors interpreted the potential policy move as supportive of automation-related equities, sparking a rally across the space.

It's the kind of speculative catalyst that can send smaller-cap stocks flying, even if the actual order is still hypothetical and more than a year away. But in this market, hope is a strategy—at least for now.

MongoDB Smashes Estimates and Raises Guidance

MongoDB, Inc. (MDB) jumped after posting third-quarter revenue of $628.31 million and adjusted EPS of $1.32—both well above Wall Street's expectations. The company also raised its full-year guidance, citing strong customer growth and robust free cash flow. Demand for its cloud database platform continues to look solid, reinforcing the bull case that MongoDB is capturing meaningful share in a growing market.

Other bullish stories from the week included news that Marvell is reportedly chasing an acquisition of AMD-backed Celestial AI in a multi-billion-dollar deal. Salesforce stock surged following strong Q3 results and a raised fiscal 2026 outlook, fueled by what management described as a "powerful" remaining performance obligation pipeline. And UiPath also jumped after its Q3 earnings beat, as investors cheered improving fundamentals in the automation software space.

The Bears

Tech Stock Massacre: Super Micro, Palantir, Oracle Crash in November

Not everyone had a great month. Former high-flying tech names like Super Micro Computer Inc. (SMCI), Palantir Technologies (PLTR), and Oracle Corp. (ORCL) were among the worst performers in November, losing 35%, roughly 16%, and 23% respectively.

The culprit? A swift rotation out of AI-hyped equities sent shockwaves through the sector, with investors retreating toward more defensive, value-oriented names. When the momentum trade reverses, it can get ugly fast—and these stocks felt the full brunt of that shift.

Quantum Computing Stocks Bleed Out

Pure-play quantum stocks had an even rougher ride. Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) plunged roughly 40% and over 30%, respectively, in November. Other quantum names like IonQ (IONQ) and Quantum Computing Inc. (QUBT) also took a beating as investor enthusiasm cooled dramatically.

The speculative quantum-computing rally that had powered these stocks earlier in the year gave way to what can only be described as a sector-wide "bleed-out." When the hype fades and the fundamentals are still years away from maturity, gravity tends to reassert itself—quickly.

SoFi Stumbles on $1.5 Billion Stock Offering

SoFi Technologies Inc. (SOFI) shares slid roughly 5.7% in after-hours trading after the company announced a $1.5 billion common-stock offering. Investors interpreted the move as dilutive, especially given that the stock was already trading near 52-week highs. Timing matters, and this wasn't the moment shareholders wanted to see a big equity raise hit the tape.

Other bearish developments included Hewlett Packard Enterprise stock heading lower after Q3 earnings, IREN sliding on unexplained selling pressure, and DocuSign falling despite beating Q3 estimates—proof that sometimes even a win isn't enough to satisfy the market.

The Bigger Picture

This week's action underscores just how bifurcated the market has become. On one hand, you have quality names with strong fundamentals—companies posting real revenue growth, raising guidance, and generating cash flow—getting rewarded. On the other hand, speculative plays that rode the hype wave earlier in the year are now getting hammered as investors demand more than just a good story.

The rate cut narrative is adding fuel to the rally, but it's also introducing complexity. If the Fed does cut in December, that could extend the bull run. But if Powell's cautious tone signals that cuts won't come as fast or as deep as markets hope, we could see another round of volatility. Mixed economic signals—jobless claims improving while layoffs tick up—aren't making the picture any clearer.

For now, the momentum is clearly with the bulls. The Nasdaq's winning streak and the S&P 500's proximity to all-time highs suggest that risk appetite is alive and well. But the carnage in names like Super Micro and the quantum stocks serves as a reminder that when sentiment turns, it can turn hard. Positioning matters, and so does paying attention to what's actually driving the rallies and sell-offs beneath the surface.

As always, the market gives and the market takes away—sometimes in the same week.