Today's Morning Movers and Top Ratings: AMD, AAPL, TSLA, TGT and More

$Target(TGT.US)$ The retailer's stock climbed nearly 8% after reporting fourth-quarter earnings that exceeded analysts' expectations, with earnings of $2.98 per share on $31.92 billion in revenue, higher than the expected $2.42 per share on $31.83 billion in revenue as surveyed by LSEG.

$Paymentus Holdings(PAY.US)$ The stock jumped 19.6% after the payment technology company reported a fourth-quarter earnings and revenue beat, driven by a growth in transactions.

$AeroVironment(AVAV.US)$ Shares surged almost 18% following the defense company’s report of third-quarter earnings and revenue that topped estimates, along with a full-year guidance that promised even better performance.

$Albemarle(ALB.US)$ The specialty chemicals company saw its stock rise more than 7% due to its announcement of planning to offer $1.75 billion in depository shares, hinting at the potential use of proceeds for funding growth expenditures and other corporate activities.

$Apple(AAPL.US)$ Shares fell by 2.3% after Counterpoint Research reported a substantial 24% decline in iPhone sales in China during the first six weeks of 2024, compared to the previous year.

$Tesla(TSLA.US)$ The electric vehicle maker's shares were down 2.5% after a production halt at its Berlin plant caused by a nearby substation fire, which was reported as a possible arson by police to CNBC.

$MicroStrategy(MSTR.US)$ The stock dropped 3.6% following the announcement of a $600 million private offering in convertible senior notes, with plans to use the proceeds to purchase more bitcoin and for general corporate purposes.

$Advanced Micro Devices(AMD.US)$ Shares decreased nearly 2% after U.S. regulators prohibited the semiconductor company from selling its AI chips designed for the Chinese market, as reported by Bloomberg, citing the chips' advanced capabilities.

$Stitch Fix(SFIX.US)$ The online personalized styling service company's shares tumbled 13.4% after reporting earnings that missed expectations for the second quarter and noting a 17% reduction in active clients from the previous year.

$Gitlab(GTLB.US)$ Shares plummeted nearly 24% following the software company's issuance of a weaker-than-anticipated revenue and earnings outlook for the full year, including an expected adjusted loss for the first quarter contrary to analysts' expectations.