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LivestreamMenuHere are the companies making headlines in midday trading. Enphase Energy — Shares of the global energy technology company jumped 10%. Enphase announced that it began production shipments of its IQ9S microinverters. Barclays also upgraded the stock to equal weight from underweight. Artificial intelligence plays — Investors flocked to stocks tied to AI and data center infrastructure. Corning advanced 7%, while Credo Technology added 5%. Photonics company Coherent jumped 4%, and Applied Digital added more than 2%. Energy stocks — The energy sector of the S & P 500 slid nearly 2% after President Donald Trump signed a deal with Iranian president Masoud Pezeshkian to end the war in the Middle East. West Texas Intermediate futures for July delivery fell as low as $73.58 per barrel, the lowest level since early March. ConocoPhillips and Occidental Petroleum each dropped about 3%, while Exxon Mobil and Chevron lost more than 2%. Kroger — The grocer tumbled more than 6% after reporting $1.58 in first-quarter earnings per share, excluding items, while analysts polled by FactSet anticipated $1.59 a share. However, Kroger posted $46.12 billion in revenue for the quarter, exceeding Wall Street’s forecast for $45.59 billion. Steel Dynamics — The steel producer dropped 7% after sharing current-quarter earnings guidance that disappointed Wall Street. Steel Dynamics sees second-quarter earnings in a range of $3.51 to $3.55 per share, while the FactSet consensus called for $4.16 a share. Intel — The semiconductor company soared 10% after Trump said in a Truth Social post that Intel struck a deal with Apple to design and build chips in the United States. Shares of Apple gained less than 1%. Chip stocks — Chipmakers rose on the back of the Intel announcement. Marvell Technology rallied 12%, while Lam Research and Applied Materials both rose about 6%. Memory stocks — Shares of memory companies also moved higher. Western Digital gained nearly 6%, while Micron Technology advanced 8% and Sandisk climbed about 11%. Pfizer — The pharma giant fell around 3% after it said CFO Dave Denton would step down from his role on Aug. 15. The company named Cecile Guegan, senior vice president of finance for the company’s global biopharmaceutical business as interim finance chief. SpaceX — The space company shed almost 10% following its roughly 5% loss on Wednesday. The stock rose for three sessions following its debut last Friday, climbing nearly 50% from its IPO price in that period. Accenture — The global professional services company tumbled 17% following the announcement it agreed to acquire asset intelligence company runZero and device and software supply chain security company NetRise, as well as a majority stake in cybersecurity company Dragos. The combined deal is valued at approximately $4.175 billion. Cruise operators — Falling oil prices pushed shares of cruise operators higher. Carnival advanced almost 4%, while Royal Caribbean and Norwegian Cruise Line added more than 4%. Airlines — Shares of airliners also gained on lower oil prices, with United Airlines , Delta Air Lines and American Airlines all rising more than 2%. Smith & Wesson — The gunmaker jumped about 20% after it reported an earnings and revenue beat and said its handgun sales to sporting goods retailers jumped 23% year over year. Handguns represented 80% of the units Smith & Wesson shipped in the quarter. CNBC’s Fred Imbert, Alex Harring, Nick Wells and Darla Mercado contributed reporting.
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