Stocks making the biggest moves midday: Akamai Technologies, Micron, Nebius, Alibaba & more

Here are the stocks making headlines in midday trading. Chip stocks – Shares of semiconductor companies resumed their rally as investors bought back into names like Micron Technology . The VanEck Semiconductor ETF (SMH) was up more than 1%, while Micron jumped about 3%. On Semiconductor surged 10%, Marvell Technology jumped 7% and Nvidia was last up 2%. Akamai Technologies – The cybersecurity and cloud computing company saw shares jump almost 7%. Bank of America upgraded the stock to buy and lifted its price target to $175 from $130. "The story has shifted from a legacy delivery network to a credible AI infrastructure platform," the firm said in a note. Nebius – The artificial intelligence cloud company surged 16%. In the first quarter, Nebius posted revenues of $399 million, reflecting a 684% surge from the year-ago period and aided by rising demand for cloud and GPU capacity. Nebius also announced that it has secured up to 1.2 gigawatts of power and land for a new AI factory in Pennsylvania. Alibaba — U.S.-listed shares of the Chinese e-commerce giant rose 6% after the company said that its cloud computing unit saw a 38% jump in first-quarter revenue from a year earlier. Alibaba also reported heavy investments in artificial intelligence. EchoStar — Shares rose 4% after the Federal Communications Commission approved the company's $40 billion sale of wireless spectrum to AT & T and SpaceX. …