Check out the companies making the biggest moves midday: Braiin — The AI platform stock surged 62% after the company launched its Aria, an AI agent designed for the real estate industry. “We believe this creates a scalable recurring software opportunity within a global real estate software market forecasted to reach approximately $32 billion by 2033,” CEO Natraj Balasubramanian said in a statement. AppLovin — The software stock tumbled 12%, making it the worst-performing S & P 500 member to start the week. The decline also put AppLovin on pace for its sixth daily loss in seven sessions. Biogen — Shares added almost 2% after Truist upgraded the biotechnology name to buy from hold. Truist said the stock could see upside after Biogen releases the latest data from investigational drug trials. Nio — U.S.-listed shares of the China-based electric vehicle company rose 3%. Goldman Sachs upgraded the stock to buy from neutral , saying Nio should deliver fast volume growth, a premium margin profile and a strong profit/free cash flow turnaround this year. Its new price target of $7 suggests 46% upside from Friday’s close. SpaceX — Elon Musk’s rocket company tumbled to a fresh post-IPO low, inching closer to its offering price of $135. Shares are down nearly 4% in midday trading and have lost more than 13% over the past week. The downward move in the stock comes despite the Federal Aviation Administration announcing it had closed an investigation, which clears the way for SpaceX to conduct a flight test as early as this week. SK Hynix — U.S.-listed shares of the South Korean chipmaker tumbled 8% after their debut on the Nasdaq on Friday — when they popped nearly 13%. Seoul-listed shares of the company sunk more than 15% , posting their worst day in history. Memory and chips stocks — The group was under pressure as investors again took another look at the viability of the artificial intelligence trade. The Roundhill Memory ETF (DRAM) was off 9% as Sandisk tumbled 12%, while Western Digital and Micron Technology were off 6% and 4%, respectively. Meanwhile, the iShares Semiconductor ETF (SOXX) was off 4%, while Intel declined more than 5% and Advanced Micro Devices fell 3%. MGM Resorts International — The hospitality company rose more than 1% after The Wall Street Journal reported the company is in private talks with Barry Diller. Diller’s People in early June made an offer to buy the company, and MGM has not publicly responded to the offer yet. Energy stocks — Shares of energy companies were higher as oil prices rose more than 4% after President Donald Trump reinstated a blockade on Iranian ships on the Strait of Hormuz. Valero Energy rose by 4%, while ConocoPhillips was higher by nearly 3%. APA rose 2.5%, while Exxon Mobil and Chevron were up 3% and 2%, respectively. Shopify , Deckers Outdoor Group — Shares of both companies were higher after Jefferies upgraded the stocks to buy. On Shopify, analysts said it has strong fundamentals and that agentic commerce is a long-term tailwind. They also said Deckers has upside potential thanks to product innovation at its sportswear brand Hoka. Shopify rose 2%, while Deckers advanced 2%. — CNBC’s Michelle Fox, Christina Cheddar Berk, Alex Harring and Fred Imbert contributed reporting.
Stocks making the biggest moves midday: NIO, BRAI, APP, SPCX, SKHY
