Stocks making the biggest moves midday: Sandisk, Marvell, Datadog, Cleveland-Cliffs, Amazon & more
Here are some of the companies making headlines in midday trading.
TL;DR
- Ameriprise Financial shares fell nearly 4% after Bank of America downgraded the stock to "underperform" due to advisor departures and profit growth concerns.
- The VanEck Semiconductor ETF climbed nearly 3% as traders returned to the tech space, with notable gains in Nvidia, AMD, Sandisk, Micron, and Marvell.
- CoreWeave shares rose over 1% after Goldman Sachs upgraded the stock to "buy," citing positive contract economics.
- Cleveland-Cliffs stock gained 16% following better-than-expected third-quarter earnings.
- Intel shares climbed 4% after JPMorgan upgraded the chipmaker to "neutral."
- Datadog's stock increased 6% after a Bernstein upgrade, with artificial intelligence tailwinds expected to boost the stock.
- Amazon shares gained 5% after Morgan Stanley named it a top pick, citing accelerating AWS growth and AI potential.
- Blue Owl Capital shares ticked up 1% amid reports of potential sale discussions.