Stocks making the biggest moves midday: Intel, AMD, Charter, Hims & Hers, Eli Lilly and more
Check out the companies making the biggest moves in midday trading: Comcast , Charter Communications — The NBCUniversal parent tumbled nearly 8% after a Deutsche Bank downgrade to hold from buy. Analysts at the bank said that, “there’s visibility into a return to sustainable revenue, EBITDA, and [free cash flow] growth; we do not expect to see multiple expansion as these multiples/yields are appropriate for a stable, but not growing, business.” Comcast also followed Charter Communications , which fell 23% after reporting a 120,000 quarter-over-quarter decline in internet subscribers Eli Lilly — The pharmaceutical company’s stock slumped nearly 4% after Iqvia data on the first full week of Foundayo prescriptions was released and showed a soft start to the GLP-1 pill’s launch. Truist analysts said it is still early days, but it’s possible Wegovy’s brand recognition had helped its launch. Novo Nordisk shares jumped 5% in reaction. HCA Healthcare — The hospital operator’s stock tumbled more than 7% after it said a milder flu season resulted in fewer patient admissions. The company was able to narrowly top analyst profit estimates and reiterated its forecast for the year. However, investors are worried fewer patients will seek care as Affordable Care Act subsidies phase out, or uncompensated care costs will rise. Organon — The health-care company’s stock spiked 22% on a report from The Economic Times that said Sun Pharma was planning to submit an offer of $13 billion for the U.S.-based Organon. Hims & Hers Health — The online health and wellness platform saw shares jump more than 6% after JPMorgan initiated coverage with an overweight rating. The Wall Street firm said the recent Novo Nordisk partnership could mark a turning point, removing a significant legal overhang. Coursera — Shares of the online education company fell more than 10% after disappointing first-quarter results. Both the number of total registered users and paid enterprise customers were below expected, according to FactSet. Intel — Shares rallied more than 23% after the chipmaker posted first-quarter earnings that beat Wall Street’s expectations. Intel posted adjusted earnings of 29 cents per share on revenue of $13.58 billion, while analysts polled by LSEG had expected it to earn 1 cent per share on $12.42 billion in revenue. Intel’s second-quarter forecast also was well above analysts’ expectations. Procter & Gamble — The consumer goods giant popped more than 4% on better-than-expected results for the fiscal third quarter. Procter earned an adjusted $1.59 per share on revenue of $21.24 billion. Analysts polled by LSEG expected a profit of $1.56 per share on revenue of $20.5 billion. Advanced Micro Devices — Shares surged nearly 13% after investors gained renewed faith in the AI trade after Intel’s earnings and the company got an upgrade from DA Davidson. The firm said Intel’s big earnings are a pre-cursor for a big ramp up in the company’s CPU business. Boyd Gaming — The gambling and hospitality stock slipped 4% after Boyd posted first-quarter adjusted earnings of $1.60 per share, below the $1.73 consensus from LSEG. Revenue of $997.4 million also fell short of the expected $1 billion. Performance was hurt by soft revenue at its Las Vegas business. SAP — The software stock popped almost 6% after the company earned $1.72 per share, excluding items, in its latest quarter, beating the expected $1.69, per LSEG. SAP cloud revenue rose 19%. The company’s said its 2026 financial outlook is based on the assumption that the Middle East conflict will de-escalate. SLM — Shares added 3% after the student loan provider earned $1.54 per share, up from $1.40 per share a year ago. Sallie Mae also raised its full-year earnings guidance to between $3.10 and $3.20 per share, from a prior forecast of between $2.70 and $2.80 per share, which was above FactSet’s $2.78 estimate. MaxLinear — The chipmaker’s stock soared 77% after the company’s first-quarter results outpaced expectations and it raised its forecast. MaxLinear earned 22 cents per share, after adjustments, on revenue of $137.2 million. According to FactSet, analysts were expecting the company to earn 18 cents a share on revenue of $134.6 million. ServiceNow — The software company rebounded by nearly 3% after the stock had its worst day ever on Thursday. ServiceNow collapsed nearly 18% after its quarterly earnings report revealed subscription revenue was hit due to the U.S.-Iran war, despite the company still delivering an earnings and revenue beat. Semiconductor stocks — A slew of other chipmakers also joined the rally unleashed by Intel’s earnings. Arm Holdings jumped more than 14% and Qualcomm rose 8%. The iShares Semiconductor ETF was up 4%, on pace for an 18th straight trading session in the green. Memory stocks — Memory names also joined the AI trade rally. Sandisk jumped nearly 7%. Lam Research and Micron Technology were both up about 4%. Western Digital and Seagate Technology both added about 1%. — CNBC’s Yun Li, Lisa Kailai Han, Nick Wells and Fred Imbert contributed reporting
