Check out some of the companies making the biggest moves midday: Meta Platforms — Shares of the Instagram and WhatApp parent jumped almost 6%, extending a weekly gain to more than 14%, the most since early 2024, boosted by a Reuters report saying Facebook is looking to put an AI chip into production in September, and suggesting its compute costs will come in lower than Wall Street expected. SK Hynix — The South Korean semiconductor company’s stock opened at $170 on the Nasdaq, then rose about 17%, as U.S. investors jumped at the opportunity to get a stake in South Korea’s second-most valuable company. The company’s American depositary receipts priced at an initial $149, raising $26.5 billion for its aggressive expansion plans, including investing in new factories and equipment. Marvell Technology , Intel — Shares of the chipmakers fell about 3% in the wake of the debut of South Korean chipmaker SK Hynix on Nasdaq. Seagate Technology — The data storage provider’s stock rose almost 2% after Wells Fargo upgraded Seagate to overweight from equal weight. The recent pullback has created a more attractive entry point, the bank said, raising its price target to $1,100, citing an eventual path to more than $50 a share in earnings and laying the groundwork for added share buybacks and dividends. WD-40 Company — Shares rallied 10% after the household and industrial lubricants maker posted third-quarter earnings of $2.33 per share, on an adjusted basis, above the $1.56 earnings per share expected by analysts polled by FactSet. The company also hiked full-year guidance. Delta Air Lines — Shares dipped more than 2% after the airline’s second-quarter earnings beat top- and bottom-line estimates. CEO Ed Bastian told CNBC in an interview that he expects pricing power from the surge in jet fuel prices earlier this year to last, even as oil prices fall. Delta’s stock is up 14% in the past month. Circle Internet Group — Shares rose 6% after the fintech company received approval from the U.S. Office of the Comptroller of the Currency to launch its crypto-focused bank. CEO Jeremy Allaire said in a statement that the approval marked a key moment in bringing blockchain technology into the core of the financial system. Vodafone Group — U.S.-listed shares of the wireless provider jumped 13% after French billionaire Xavier Niel took a 16% stake in Vodafone, worth about $6 billion, making him the largest holder, Reuters reported. Netflix — The streaming platform’s stock fell 3% after a report in the Wall Street Journal said Neflix has discussed adding live television channels and explored bundling its offerings with other streaming services. The moves come as subscriber engagement shows signs of decline, the Journal said. Seagate Technology — The data storage company’s stock rose more than 2% after Wells Fargo raised its recommendation to overweight from equal weight, saying the recent market pullback created a more attractive entry point. Analysts raised their price target to $1,100, citing a path to more than $50 a share in earnings over time and what they described as significant capacity for capital returns, including share buybacks and dividends. Shopify — The stock gained almost 2% after Stifel Financial upgraded its rating to buy, saying Shopify can continue to execute further share gains in e-commerce space. Lamar Advertising Company — The billboard company’s stock fell nearly 3% after Citigroup cut its recommendation to neutral from buy. Lamar expects to generate $8.50 to $8.70 in adjusted funds from operations per share in 2026, while Citi forecasts $8.72 per share. Citi said Lamar’s risk-reward is unfavorable. — CNBC’s Davis Giangiulio, Yun Li, Ananya Chetia and Sarah Min contributed reporting Correction: This story has been revised to reflect that Delta Air Lines’ CEO is Ed Bastian. A previous version misspelled Bastian’s name.
Stocks making big midday moves: SKHYV, META, WDFC, DAL, VOD
