Today's Morning Movers and Top Ratings | SNOW, URBN, DB, SNPS and More

$Synopsys (SNPS.US)$ stock rose 2.2% after the chip design software firm reported record revenue for the third quarter and provided strong guidance amid increased demand driven by AI.

$Peloton Interactive (PTON.US)$ stock soared 8.9% after the connected fitness company experienced sales growth for the first time in nine quarters, indicating progress in its turnaround plan.

$Deutsche Bank (DB.US)$ stock increased by 2.7% after the German bank announced it had settled with over half of the plaintiffs who claimed they were underpaid during the bank's acquisition of Postbank in 2010.

$Snowflake (SNOW.US)$ stock fell by 10.2% after the enterprise software maker exceeded expectations for second-quarter earnings and revenue but provided lukewarm future guidance that didn't convince investors in a competitive environment.

$Urban Outfitters (URBN.US)$ stock declined 13.3% after the retailer reported second-quarter sales growth that failed to meet expectations, indicating that consumers might be under financial strain.

$Advance Auto Parts (AAP.US)$ stock plummeted 12.0% after the automotive parts retailer posted disappointing earnings for the second quarter and cut its forecast for the full year, overshadowing the news that private equity firm Carlyle Group would acquire its Worldpac unit for $1.5 billion.

$BJ's Wholesale Club Holdings (BJ.US)$ stock dropped 7.2% after the retailer's second-quarter revenue did not meet analysts' projections, despite earning a profit that surpassed expectations.

$Viking Holdings (VIK.US)$ stock decreased by 2.7% as the cruise operator's profit and revenue did not meet expectations, even though the company reported advance bookings above levels from the previous year.