economy
Stocks making the biggest moves midday: Apple, Micron Technology, Coherent, DraftKings, J.M. Smucker & more
Here are the companies making headlines in midday trading.
TL;DR
- Semiconductor stocks like AMD, Nvidia, Micron, and Qualcomm slid as the tech sell-off continued.
- Apple shares dropped over 3% despite unveiling new AI software.
- DraftKings stock jumped 9% following a filing showing increased predictions offering volume.
- AI infrastructure stocks such as Coherent and Lumentum tanked.
- Home construction companies like Toll Brothers and Floor & Decor advanced after positive existing home sales data.
- GSK announced plans to acquire U.S. drugmaker Nuvalent for $10.6 billion.
- J.M. Smucker Co. shares rose 10% after reporting fourth-quarter results that topped expectations.
- SailPoint shares plunged over 12% due to lackluster full-year guidance.
- Vail Resorts shares dropped 4% after posting disappointing third-quarter earnings.