Trending tickers: Meta, CoreWeave, Cava, TUI and Persimmon

Meta Platforms (META)

Facebook-parent Meta (META) rose more than 3% on Tuesday to close at a fresh high of $790 per share as the company doubles down on artificial intelligence (AI) efforts.

Meta shares jumped following the release of its second quarter results at the end of July, as the company beat expectations.

In the results, the company said it now expected capital expenditures for 2025 to be between $66bn (£48.7bn) to $72bn, raising the lowered end of its previously guided range of $64bn to $72bn. Meta said it expected another year of similarly significant capex dollar growth in 2026, as it continues "aggressively pursuing opportunities to bring additional capacity online to meet the needs of our artificial intelligence efforts and business operations."

In addition, head of Instagram Adam Mosseri said on Tuesday that its Threads platform had recently reached more than 400 million monthly active users.

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(META)

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790.00

+24.13

+(3.15%)

At close: August 12 at 4:00:01 PM EDT Advanced Chart

CoreWeave (CRWV)

Shares in AI data centre operator CoreWeave (CRWV) slid more than 10% in pre-market trading on Wednesday, after the Nvidia-backed (NVDA) company posted a bigger-than-expected loss in the second quarter.

CoreWeave posted a net loss of $290.5m for the second quarter, which was more than the average estimate $190.6m expected by analysts, according to LSEG-compiled data reported by Reuters.

In addition, operating expenses of $1.19bn also jumped from $395.3m a year ago.

Second quarter revenue came in at $1.21bn, topping estimates of $1.08bn.

Michael Intrator, CEO of CoreWeave, said: "We are scaling rapidly as we look to meet the unprecedented demand for AI. Our purpose-built AI cloud platform continues to set new benchmarks for performance and scalability including becoming the first company to offer the complete Blackwell GPU portfolio at scale, making CoreWeave the platform of choice for the world’s most advanced AI workloads and AI pioneers."

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148.75

+8.97

+(6.42%)

At close: August 12 at 4:00:02 PM EDT Advanced Chart

Cava Group (CAVA)

Shares in Cava (CAVA) dropped nearly 23% in pre-market trading on Wednesday, after the restaurant chain issued its first annual sales growth target cut since listing in New York two years ago.

In its second quarter results, released on Tuesday, Cava said it now expected to deliver same restaurant sales growth of 4% to 6% in 2025, compared to a previously guided range of 6% to 8%.

However, the company maintained it guidance for adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of $152m to $159m.

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For the second quarter, Cava delivered revenue of $278.2m, which was up 20.3% on the same period last year. Adjusted EBITDA rose to $42.1m, up from $34.3m for the prior year quarter.

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Brett Schulman, CEO of Cava, said: "We recently opened our 400th restaurant, marking a meaningful milestone on our path to 1,000 restaurants by 2032, reinforcing the proven portability and underlying strength fuelling our continued growth."

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84.50

+2.20

+(2.67%)

At close: August 12 at 4:00:02 PM EDT Advanced Chart

TUI (TUI1.DE)

Holiday group TUI (TUI1.DE) reported better-than-expected third quarter results on Wednesday.

Group revenue for the third quarter came in at €6.2bn, which was up 7% from a year ago. Underlying EBIT of €321m was up 38% compared to the previous year.

On Tuesday, TUI announced that it was raising its 2025 EBIT growth guidance to a range of 9% to 11%, versus previous expectations of 7% to 10%.

Shares popped after the company lifted its guidance on Tuesday but hovered just below the flatline on Wednesday morning.

Victoria Scholar, head of investment at Interactive Investor, said: "It looks like the summer performance so far has held up much better than anticipated. Last quarter Tui warned about a potential drop in summer bookings amid the macro uncertainty and European heatwaves. However this week, that sense of nervousness has reversed course with a guidance uplift for the full-year and a top and bottom line beat."

Persimmon (PSN.L)

Housebuilder Persimmon (PSN.L) was the biggest faller on the FTSE 100 (^FTSE) on Wednesday morning, with shares falling 3%, on the back of its half-year results.

Profit before tax of £146.7m was little changed from the same period last year, despite group revenue rising to 14% to £1.5bn.

Read more: London Stock Exchange open to dual listing of Indian companies, says LSEG boss

Axel Rudolph, senior technical analyst at IG, said: "Persimmon’s half-year numbers underline a steady recovery in the UK housebuilding sector, with rising revenues, higher selling prices and robust forward sales giving the group confidence in its full-year targets.

"While the flat statutory profit figure and cash outflow highlight the ongoing challenges of affordability and market uncertainty, the stable dividend and solid completions guidance suggest Persimmon is well placed to deliver on its growth ambitions into 2026."

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-38.89

(-3.42%)

As of 9:38:25 AM GMT+1. Market Open. Advanced Chart

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