Four of Monday's five biggest gainers were bitcoin miners and data center names, led by Cipher Digital's 17.7% close. Shopify ran the other way with an 8.3% drop, the session's sharpest decline across 381 priority stocks.
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A 7.72% intraday jump to $146.73 on the Q3 earnings reaction is the kind of repricing that rarely retraces quietly in this name. Where it closes tells you whether buyers believe the quarter or just chased it.
Fabrinet opened 13.32% higher at $355.82, the widest single move across 382 priority names this morning. Thomson Reuters anchors the other end, down 9.84%, with Shopify close behind.
A four-year streak of beating revenue estimates ended, and the premarket reaction says investors were priced for perfection in e-commerce growth names.
Shopify just missed revenue estimates for the first time in 4 years. $SHOP: -16.1% pre-market https://t.co/Nk5Cyvebcj
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Traders took roughly 17% out of the stock within minutes of the filing, with an EPS beat and revenue in line with estimates. Margin mix is the problem: Merchant Solutions revenue rose 35% while gross profit grew 28%.
Shopify closed at a record, clearing the October 29, 2025 peak by 0.12%. No prior high is left overhead.
The optical names took the worst of it at the close, with Ciena down 10.49% and Lumentum and Applied Optoelectronics close behind. Shopify's gain led a much tamer move on the other side of the 382-stock board.
C3.ai is up 9.97% at the open, leading a board where ServiceNow, Salesforce, Shopify and Intuit all gained 3.5% or more. Applied Optoelectronics is down 6% on the other end of the same board.
Three years ago, $10,000 split between Shopify and Amazon looked like the same e-commerce bet. Shopify's half is now worth $30,678 against Amazon's $19,959, a gap of more than $10,700 on identical money.
Mad Money w/ Jim Cramer 9/29/26
- Cramer says the 30-year Treasury yield is the highest in 24 years, with over 40% of S&P 500 names in a bear market
- Public backlash against AI and data centers is the new narrative risk that could make October ugly
- Goldman Sachs called the most beaten-down of a caller's bank ideas alongside Capital One and BNY Mellon
- Interviews with Meta's Dina Powell McCormick on its AI agent Muse and BWX Technologies on its new long-term strategy
Cramer's message: public perception is now the AI trade's problem, and he thinks that plus long-end yields sets up a rough October. He still wants Goldman Sachs on weakness, calling it the most beaten-down of the bank names raised by a caller.
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