Stocks making the biggest moves midday: Micron Technology, SpaceX, IBM, Flex & more
CNBC Top News ·

Check out the companies making the biggest moves midday: Micron Technology — The chipmaker dropped more than 10%, putting it on track for its worst day since June 5, leading a broad selloff in tech. …
Check out the companies making the biggest moves midday: Micron Technology — The chipmaker dropped more than 10%, putting it on track for its worst day since June 5, leading a broad selloff in tech. Marvell Technology also shed 8%, while Sandisk lost 11%. Accenture — The consulting giant rose nearly 2%, bucking the broader market downturn, after it increased its share repurchase program by $2 billion to more than $7 billion. Flex — The electronics manufacturer lost more than 2% after COO Kwang Tan disclosed the sale of 36,000 shares at an average price of around $144.51 per share. That puts the total sale around $5.2 million. IBM — The legacy tech stock was a bright spot in the broader sector selloff, rising more than 4% following an upgrade to overweight at JPMorgan . "Software continues to drive better recurring revenue, margins, profitability, and cash flow," analysts at the bank said. Shares also got a boost after President Donald Trump signed an executive order looking to " supercharge " quantum computing in the U.S. Zeta Global – The artificial intelligence marketing cloud firm announced that it will partner with Palantir and rebuild its data cloud on the defense tech company's Foundry platform. Shares of Zeta advanced 7%, while Palantir was marginally lower on the day. Cerebras Systems – The AI chip maker slid almost 2% ahead of reporting its first quarterly results as a publicly traded company. …
Original source: CNBC Top News
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