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LivestreamMenuCheck out some of the companies making the biggest moves midday: Meta Platforms — The Instagram and WhatApp parent jumped almost 6%, extending a weekly gain to more than 14%, the most since early 2024, boosted by a Reuters report saying Facebook is looking to put an AI chip into production in September, and suggesting its compute costs will come in lower than Wall Street expected. SK Hynix — The South Korean semiconductor company opened at $170 on the Nasdaq, then rose about 17%, as U.S. investors jumped at the opportunity to get a stake in South Korea’s second most valuable company. The company’s American depositary receipts priced at an initial $149, raising $26.5 billion for its aggressive expansion plans, including investing in new factories and equipment. Marvell Technology , Intel — The chipmakers fell about 3% in the wake of the debut of South Korean chipmaker SK Hynix on Nasdaq. Seagate Technology — The data storage provider rose almost 2% after Wells Fargo upgraded Seagate to overweight from equal weight. The recent pullback has created a more attractive entry point, the bank said, raising its price target to $1,100, citing an eventual path to more than $50 a share in earnings and laying the groundwork for added share buybacks and dividends. WD-40 Company — The household and industrial lubricants maker rallied 10% after it posted third-quarter earnings of $2.33 per share, on an adjusted basis, above the $1.56 earnings per share expected by analysts polled by FactSet. The company also hiked full-year guidance. Delta Air Lines — The airline dipped more than 2% after second-quarter earnings beat top- and bottom-line estimates. CEO Ed Bastin told CNBC in an interview that he expects pricing power from the surge in jet fuel prices earlier this year to last, even as oil prices fall. Delta is up 14% in the past month. Circle Internet Group — The fintech company rose 6% after receiving approval from the U.S. Office of the Comptroller of the Currency to launch its crypto-focused bank. CEO Jeremy Allaire said in a statement that the approval marked a key moment in bringing blockchain technology into the core of the financial system. Vodafone Group — U.S.-listed shares of the wireless provider jumped 13% after French billionaire Xavier Niel took a 16% stake in Vodafone, worth about $6 billion, making him the largest holder, Reuters reported. Netflix — The streaming platform fell 3% after a report in the Wall Street Journal said Neflix has discussed adding live television channels and explored bundling its offerings with other streaming services. The moves come as subscriber engagement shows signs of decline, the Journal said. Seagate Technology — The data storage company rose more than 2% after Wells Fargo raised its recommendation to overweight from equal weight, saying the recent market pullback created a more attractive entry point. Analysts raised their price target to $1,100, citing a path to more than $50 a share in earnings over time and what they described as significant capacity for capital returns, including share buybacks and dividends. Shopify — The stock gained almost 2% after Stifel Financial upgraded its rating to buy, saying Shopify can continue to execute further share gains in e-commerce space. Lamar Advertising Company — The billboard company fell nearly 3% after Citigroup cut its recommendation to neutral from buy. Lamar expects to generate $8.50 to $8.70 in adjusted funds from operations per share in 2026, while Citi forecasts $8.72 per share. Citi said Lamar’s risk-reward is unfavorable. — CNBC’s Davis Giangiulio, Yun Li, Ananya Chetia and Sarah Min contributed reporting
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