Stocks making the biggest moves midday: Meta, General Mills, Datadog, Sandisk & more

Check out the companies making the biggest moves midday: Meta Platforms — Shares of the social media giant surged 11% on news that Meta is building out a new cloud business . The company will sell its excess artificial intelligence computing power to outside customers, CNBC confirmed. Bloomberg first reported the news. General Mills — The maker of Bisquick and Cheerios jumped more than 6%. General Mills posted fourth-quarter adjusted earnings of 95 cents a share on revenue of $4.61 billion, topping the FactSet consensus call for 80 cents per share and $4.59 billion in revenue. The company also announced plans to generate $3 billion in cumulative cost savings through fiscal year 2030. Progress Software — Shares rallied more than 18% after the company reported second-quarter results that beat expectations. Progress earned an adjusted $1.62 per share on revenue of $253.5 million. Analysts expected a profit of $1.49 per share on revenue of $242.7 million. Earnings guidance for Q3 also topped estimates. Datadog — The cloud stock gained more than 2% after Datadog disclosed it acquired Adaptive ML, an AI startup that works on the deployment of specialized agents. The terms of the acquisition were not disclosed. Nike — The apparel company rose more than 4%, reversing an earlier decline, as fiscal fourth-quarter results topped analyst expectations despite a 12% year-over-year drop in China sales. …