Stocks Making Significant Moves Midday: Tesla, Broadcom, Nike, ON Semiconductor Among Others
Tesla shares rose nearly 5% after the company reported third-quarter vehicle deliveries of 486,532 units, exceeding analyst expectations. Meanwhile, Broadcom gained over 3% following reports that it has agreed to lend Anthropic up to $42 billion in secured debt for infrastructure purchases. Nike's stock fell almost 6% as its fiscal first-quarter revenue missed forecasts and sales declined by 4%, primarily due to weaker performance in China. The company also announced plans for staff layoffs in 2027. ON Semiconductor shares climbed over 5%, while Synaptics surged nearly 14% after ON Semi revised its buyout offer for Synaptics. Nexalin Technology's stock dropped by 26% following a new distribution and manufacturing deal with Inovanexa Medical Technologies, replacing an earlier agreement. Vylor rose 2% as it was set to join the S&P 500 after spinning off from Corteva.
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Topics: Allegro Microsystems Broadcom Nexalin Technology Nike ON Semiconductor Seagate Technology Synaptics Tesla Vylor Western Digital