economy
Stocks making the biggest moves midday: Palantir, Marvell, CoreWeave, Zscaler & more
Here are the names making headlines in midday trading.
TL;DR
- Chip stocks, including Marvell, Broadcom, and AMD, saw significant gains.
- Fair Isaac dropped sharply after its price target was reduced by Barclays.
- Organon, a drugmaker focused on women's health, surged on a potential $12 billion acquisition offer.
- Texas Pacific Land shares rebounded after a previous day's decline following the death of a major shareholder's CEO.
- Palantir Technologies traded off session lows after positive comments from Donald Trump, though it remains down for the week.
- Cybersecurity stocks like Akamai, Palo Alto Networks, Zscaler, and CrowdStrike declined due to fears about AI impacting business models.
- Coherent shares rose following positive analyst reports and its role in the AI revolution.
- ServiceNow fell after a downgrade from UBS, weakening confidence in its AI adaptation capabilities.
- Taiwan Semiconductor Manufacturing reported record first-quarter revenue, leading to a stock jump.
- CoreWeave shares increased after announcing a multi-year agreement with Anthropic.