economy
March 2, 2026
Stocks making the biggest moves midday: AeroVironment, Nvidia, AES, Coherent, Norwegian Cruise Line & more
Here are some of the stocks making the biggest moves in midday trading.
TL;DR
- AeroVironment shares fell approximately 20% after Raymond James downgraded the stock, citing the loss of exclusivity on a U.S. Space Force contract.
- Coinbase and Strategy stocks rose with bitcoin prices, which briefly surpassed $70,000.
- Palantir Technologies surged 6%, boosted by increased U.S. government defense spending.
- Norwegian Cruise Line experienced a 10% decline due to weaker-than-expected earnings guidance.
- Coherent and Lumentum shares jumped following Nvidia's $2 billion investment in each for AI data center development.
- Defense stocks, including Lockheed Martin and Northrop Grumman, rose after a U.S.-Israeli attack on Iran.
- Oil stocks such as Exxon Mobil, Chevron, and ConocoPhillips surged amid fears of disrupted crude production.
- Travel stocks, including Booking Holdings, Delta Air Lines, American Airlines, and United, slid as crude prices rose.
- Berkshire Hathaway's Class B shares fell nearly 5% due to a decline in operating earnings, largely from insurance weakness.
- AES stock plunged 17% following the announcement of its acquisition by a consortium led by BlackRock's Global Infrastructure Partners and EQT.
- Elevance Health shares dropped more than 8% after the insurer disclosed potential sanctions from the Centers for Medicare & Medicaid Services.
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