Check out the companies that made headlines in midday trading: Nvidia — Shares fell about 1.7%, officially putting the artificial intelligence chipmaker in correction territory after last month’s chaotic trading. MicroStrategy — The Bitcoin proxy stock fell slightly after Nasdaq announced it would add MicroStrategy to the tech-heavy Nasdaq-100 index. This means the stock will be included in the popular Invesco QQQ Trust ETF. Inclusion in the index will take effect on December 23rd. Crypto stocks — Crypto stocks rebounded, with Coinbase and Robinhood up 1.5% and 7.5%, respectively. After MicroStrategy Chairman Michael Saylor said in a Dec. 14 post on social media site X that he expected crypto miners to be the next to join the Nasdaq 100, Holdings’ stock price soared 8%. Downgraded the stock from hold to underperform. The company cited concerns about overstock next year. Broadcom — The semiconductor company’s stock rose 11.2%, adding to its strong gains from the previous session. Broadcom soared more than 24% on Friday after reporting better-than-expected fourth-quarter results, pushing its market capitalization above $1 trillion for the first time. Keysight Technologies — The electronics stock rose 2.6% after JPMorgan upgraded its rating from neutral to overweight. The investment firm said Keysight has struggled this year, with its stock underperforming the broader market, but could enjoy a cyclical recovery in 2025. Capri Holdings — Shares rose 3.7% after Women’s Wear Daily reported that the luxury fashion retailer is working with Barclays to find potential buyers for its Versace and Jimmy Choo businesses. Super Microcomputer — Stock price fell nearly 8.3%. The move follows a report by Bloomberg News on Friday, citing sources, that Super Micro had hired investment bank Evercore ISI to help raise equity and debt capital. SuperMicro has already missed its annual and quarterly financial report deadlines, and despite CEO Charles Liang’s reassurances that this will not happen, the struggling data center There are growing concerns that the company could be delisted from the Nasdaq. HONEYWELL — Shares rose 3.7% after industry giant Honeywell said its board of directors is considering the possibility of separating its lucrative aerospace division. The plan has the backing of activist investor Elliott Management, which called for Honeywell to split into two companies in November. Micron Technology — Shares rose 5.6% ahead of the semiconductor maker’s quarterly results due later this week. JPMorgan said in a note Monday that it expects strong results. Berkshire Hills Bancorp, Brookline Bancorp — Shares of Boston-based regional banks fell slightly. The Wall Street Journal, citing people familiar with the situation, reported that the two companies are in talks for a merger, which could be announced as early as next week. Berkshire Hills stock fell 1.1%, and Brookline Bancorp fell 0.6%. Drone stocks — Recent sightings of mysterious drones in the skies over the Northeast states and the announcement of a new partnership with Palantir have sparked interest in the sector, sending stocks of several drone manufacturers higher. Redcat Holdings announced Monday that it is working with Palantir Technologies to integrate visual navigation technology into Redcat’s Black Widow drone. Red Cat stock rose nearly 27%. Donald Trump Jr.’s Unusual Machines rose 17.9%. Kratos Defense & Security Solutions and AeroVironment increased by 5.4% and 7.9%, respectively. Alphabet — The tech giant rose 3.6% on Monday, setting a new 52-week high. Despite the decline in Nvidia stock, Alphabet’s rise, along with Broadcom’s, helped push the Nasdaq Composite Index to a new record. Jefferies also named Alphabet as one of the top tech and internet stocks for 2025. — CNBC’s Ha-Kyung Kim, Jesse Pound, Sean Conlon, Yun Lee, Lisa Kai-Lai Han and Michelle Fox contributed reporting.
Stocks with the biggest price movements at midday: NVDA, AVGO, MSTR, SMCI
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