Stocks making the biggest moves midday: Dell, Skyworks Solutions, GameStop & more
These are the stocks posting the largest moves midday.
TL;DR
- Dell Technologies shares rallied over 10% as tech stocks broadly improved and RBC initiated coverage with an outperform rating, citing Dell's position to benefit from AI infrastructure spending.
- Vicor's stock rose about 11% after announcing the acquisition of two sites in New Hampshire for ChiP fab manufacturing.
- Shopify shares popped nearly 4% after Bernstein initiated coverage with an outperform rating and a $160 price target, noting AI's potential positive impact.
- Skyworks Solutions shares increased more than 8% as the company anticipates its acquisition of Qorvo to close by year-end, with Qorvo shares advancing 5%.
- Qualys stock fell 6% following a downgrade to neutral from outperform by Wedbush, citing significant pressure on its core business.
- GameStop shares climbed nearly 3% after CEO Ryan Cohen disclosed a purchase of 1 million shares.
- Oracle's stock was down slightly after its post-earnings rally faded, despite exceeding earnings per share and revenue estimates.
- RH shares rose almost 2% after reporting second-quarter revenue that beat consensus and providing optimistic full-year revenue guidance.
- NuScale Power shares tumbled 14% after UBS downgraded the stock to sell, reducing its price target due to long build timelines.
- Oklo stock slid more than 7% following the announcement of an at-the-market common stock sale agreement.