Stocks making the biggest moves midday: Exxon Mobil, GameStop, Palo Alto Networks, Blackstone & more

Here are the companies making headlines in midday trading. Quantum computing stocks – A slate of quantum computing plays slid Wednesday as investors cashed out after shares rallied in the prior session. Rigetti Computing lost 10%, D-Wave Quantum fell 7%, and IonQ fell 4%. IBM , which recently announced plans to invest more than $10 billion toward quantum computing, lost more than 7% and weighed on the Dow Industrials. GameStop — Shares of the brick-and-mortar video games retailer gained 6%. GameStop reported first-quarter revenue of $835.3 million, reflecting a 14% gain from a year earlier. The company's board also approved a $2 billion share repurchase authorization. Lumentum , Coherent – Investors sold off the photonics stocks after two consecutive winning days. In the prior session, Coherent rose 17% and Lumentum gained nearly 14% on optimism around artificial intelligence and data center infrastructure. Coherent was last down almost 3% and Lumentum was off more than 8%. Energy stocks – Oil prices rose, lifting the energy sector of the S & P 500. West Texas Intermediate futures were last up nearly 2% after Israel Prime Minister Benjamin Netanyahu told CNBC that the country and the U.S. are ready to attack Iran again if necessary. Exxon Mobil and Marathon Petroleum rose 3%, and APA Corp was last up 2%. …