5 Stocks Gained 14% or More During the Nasdaq Selloff. Here Is Why

On Thursday, five stocks rose 14% to 31% as the Nasdaq fell 5.52%, with earnings driving gains during a selloff tied to data-center spending fears. AppLovin, a mobile advertising software firm, closed up 31.04% at $356.10 after third-quarter revenue rose 55% to $2.18 billion and its fourth-quarter outlook beat analysts’ $2.25 billion estimate. Warby Parker, an eyewear retailer, gained 22.55% after revenue rose 10.4% to $244.7 million; EPAM Systems, an IT services provider, added 21.55% after expanding its buyback authorization by $1.5 billion. Cloudflare, an internet security and infrastructure company, jumped at least 14% after hours on 39% revenue growth to $782.5 million, while JFrog, a software supply-chain platform, rose 25% after raising its full-year adjusted earnings outlook.