Stocks Making Significant Moves Midday: Sandisk, Marvell, Datadog, Cleveland-Cliffs and More
Shares of Ameriprise Financial dropped nearly 4% after Bank of America downgraded the stock to underperform due to advisor departures and pressure on profit growth from its cash sweep rate. In contrast, semiconductor stocks rebounded with VanEck Semiconductor ETF rising almost 3%, while Nvidia and AMD gained around 2-3%. Memory companies Sandisk and Micron rose over 6% and nearly 4%, respectively. CoreWeave shares climbed more than 1% after Goldman Sachs upgraded the stock to buy, despite lowering its price target. Cleveland-Cliffs surged 16% following better-than-expected Q3 earnings amid legal threats from Canada due to planned layoffs at Stelco operations. Intel gained 4% on a JPMorgan upgrade citing solid management execution. Datadog rose nearly 6% after Bernstein upgraded it, highlighting AI tailwinds. Amazon shares climbed over 5% as Morgan Stanley named the stock a top pick and raised its price target due to AWS growth and AI potential. Blue Owl Capital edged up by 1% amid reports of interest in a possible sale.
Tickers: $AMD $AMP $AMZN $BAC $CLF $DDOG $GS $INTC $JPM $MRVL $MS $MU $NVDA $SANM $SMH
Topics: Ameriprise Financial Cleveland-Cliffs CoreWeave Datadog Intel Semiconductors
Part of the story Stocks Making Significant Moves Midday: CoreWeave, Moog, J.B. Hunt, Alcoa Among Others (2 articles)