Stocks making biggest moves midday: Micron, MicroStrategy and more

Check out the companies that are making headlines in midday trading. Micron Technology saw a 5.4% jump in shares after Bank of America raised its price target on the chipmaker, predicting that demand for high-bandwidth memory technology will exceed $20 billion by 2027. Shares of uranium producer Cameco rose by 7.9% after Goldman Sachs gave it a buy rating with over 25% upside potential. Semiconductor company Semtech’s shares rose by 6.8% following better-than-expected fourth-quarter revenue. Microsoft’s shares rose by 0.9% after reports from The Information suggested a $100 billion data center project with OpenAI. Trucking stocks J.B. Hunt Transport and C.H. Robinson saw a decline of 1.4% and 3.7% respectively after a downgrade from Barclays. AT&T lost 0.6% as it investigated a data leak affecting more than seven million customers. Other companies that saw shifts in their shares include Bill Holdings, Tesla, Oxford Industries, Universal Health Services, MicroStrategy, and InterDigital.

Several companies made headlines in midday trading with notable movements in their share prices. Micron Technology saw its shares jump 5.4% after Bank of America raised its price target on the chipmaker, citing expectations of growing demand for high-bandwidth memory technology. Uranium producer Cameco also experienced a 7.9% rise in its shares following a buy rating from Goldman Sachs, which predicted more than 25% upside potential. Semiconductor manufacturing company Semtech posted better-than-expected fourth-quarter revenue, leading to a 6.8% increase in its shares. Microsoft’s shares rose 0.9% after reports of a $100 billion data center project with OpenAI, boosting other artificial intelligence-related stocks as well. However, trucking stocks J.B. Hunt Transport and C.H. Robinson saw a decline of 1.4% and 3.7%, respectively, following a downgrade from Barclays due to profitability and supply concerns. AT&T shares lost 0.6% after a data leak investigation revealed that the data of more than seven million customers was published on the dark web. Financial software company Bill Holdings experienced a 6.1% drop in its shares after being downgraded by Wells Fargo, which cited overly high growth expectations. Electric vehicle stock Tesla fell 0.3% despite an earlier price increase for the Model Y. Clothing company Oxford Industries saw a nearly 3.7% drop in its shares after a downgrade from Citi, while Universal Health Services shares fell nearly 4% due to a legal ruling ordering subsidiary Pavilion Behavioral Health to pay substantial damages. MicroStrategy shares slipped about 4% after the executive chairman sold shares, and InterDigital shares dropped 8.6% following a downgrade from Bank of America citing limited long-term growth opportunities.

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