Stocks Making Significant Moves Midday: AMD, Intel, Paramount, Critical Minerals Among Others
Shares of Advanced Micro Devices surged 9% to an all-time high as the semiconductor manufacturer reached a $1 trillion market cap for the first time. AI-related stocks also saw strong gains with the iShares AI Innovation and Tech Active ETF rising over 3%, while Intel jumped nearly 14%. In contrast, HP shares fell more than 3% after declining to provide fiscal year guidance amid expectations of falling PC unit volumes in 2027. Energy stocks struggled as oil prices dropped sharply; West Texas Intermediate futures declined by over 5%, and major energy companies like ConocoPhillips and Exxon Mobil each lost about 3%. Meanwhile, Critical Minerals saw a dramatic rise of nearly 40% following news that the U.S. will establish a military presence in Greenland. Paramount and Warner Bros. Discovery shares both rose almost 10% after reports indicated progress on resolving a merger-blocking lawsuit with California's Attorney General.
Tickers: $ACN $AMD $BAI $CIEN $COIN $COP $HPQ $INTC $LITE $LRCX $MU $NVDA $OXY $RIOT $SMH $WBD $XLE $XOM
Topics: AI stocks AMD Ciena Energy sector HP Semiconductors