Today's Morning Movers and Top Ratings: UBER, LYFT, SHOP, WYNN and More

$Apple(AAPL.US)$ stock increased by 0.4% due to a 12% rise in iPhone shipments in China.

$Lyft Inc(LYFT.US)$ stock climbed 5.5% following the company's projection of higher-than-expected gross bookings and a core profit for the current quarter.

$Reddit(RDDT.US)$ stock jumped 12% as the social media platform anticipated an adjusted profit in Q2, propelled by advertising and AI content-licensing deals.

$Luminar Technologies(LAZR.US)$ stock surged 8.5% after naming Tesla as its biggest customer in Q1, contributing to over 10% of its revenue.

$Wynn Resorts(WYNN.US)$ stock went up by 2.4% after surpassing profit expectations in Q1, bolstered by strong gaming, retail, and hotel bookings in Macau.

$Anheuser-Busch Inbev(BUD.US)$ increased by 4.5% as the company reported solid revenue and higher-than-expected volumes, with easing impacts from the U.S. Bud Light boycott.

$Arista Networks(ANET.US)$ stock grew by 7.3% after beating quarterly estimates and issuing a positive outlook, driven by demand for AI networking solutions.

$Uber Technologies(UBER.US)$ stock declined by 6% following a lower gross bookings forecast for Q2 and a miss in the first three months.

$Upstart(UPST.US)$ stock dropped 13% after providing weak guidance for the upcoming quarter.

$Rivian Automotive(RIVN.US)$ stock decreased by 5.4% after announcing a larger-than-expected Q1 loss and maintaining a conservative 2024 production forecast.

$Electronic Arts Inc(EA.US)$ stock fell by 3.5% due to disappointing full-year earnings and revenue projections.

$Twilio(TWLO.US)$ stock dipped 7.7% after predicting lower-than-expected revenue for the next quarter, attributing it to economic uncertainties.

$Shopify(SHOP.US)$tumbled 16% after releasing a pessimistic revenue forecast for Q2.