Check out the companies making headlines in midday trading: Nvidia – Shares fell about 2%, putting the artificial intelligence chip maker officially in correction territory after turbulent trading last month. MicroStrategy – Bitcoin proxy stock rose more than 6% after Nasdaq announced that MicroStrategy would be added to the tech-heavy Nasdaq 100 index. This means the stock will be included in the popular Invesco QQQ Trust ETF. Inclusion in the index takes effect on December 23rd. Crypto Stocks – Shares of crypto-related stocks rallied, with Coinbase and Robinhood gaining 4.7% and 7%, respectively. Shares of Mara Holdings rose more than 11% after MicroStrategy Chairman Michael Saylor said in a Dec. 14 post on the social media site % after Jefferies downgraded the shares from “Hold” to “Underperform.” . The company expressed concerns about an inventory overhang next year. Broadcom – The semiconductor company’s shares rose more than 9%, adding to its strong gains from the previous session. Broadcom rose more than 24% on Friday after the company reported better-than-expected fourth-quarter results and pushed its market capitalization above $1 trillion for the first time. Keysight Technologies – The electronics stock rose about 3% after being upgraded to overweight from neutral at JPMorgan. The investment firm said Keysight should experience a cyclical recovery in 2025 after struggling this year and the stock underperforming the broader market. Capri Holdings – Shares rose 5% after Women’s Wear Daily reported that the luxury fashion retailer is working with Barclays to find potential buyers for its Versace and Jimmy Choo stores. Super Micro Computer shares fell nearly 7%. The move follows a Friday report by Bloomberg News, citing sources familiar, that Super Micro had hired investment bank Evercore ISI to help raise equity and debt capital. Super Micro has already missed deadlines for filing its annual and quarterly financial reports, heightening fears that the troubled data center company could be delisted from Nasdaq, although CEO Charles Liang has assured that this will not happen. Honeywell – Shares rose 3% after the industry giant said its board was exploring the possible separation of its high-margin aerospace division, a plan backed by activist investor Elliott Management, which called on Honeywell in November to split into two to split up companies. Micron Technology – Shares rose 7% ahead of the semiconductor maker’s quarterly results due later this week. JPMorgan said in a note Monday that it expects strong results. Berkshire Hills Bancorp, Brookline Bancorp – Shares of the Boston-based regional banks fell slightly. The Wall Street Journal, citing people familiar with the situation, reported that the companies were in discussions about a merger that could be announced as early as next week. Shares of Berkshire Hills fell 1%, while Brookline Bancorp was slightly lower. Drone stocks – Shares of several drone makers rallied, with interest in the sector fueled by recent mysterious drone sightings over northeastern states and a new Palantir partnership announcement. Red Cat Holdings announced Monday that it is working with Palantir Technologies to integrate visual navigation technology into Red Cat’s Black Widow drones. Red Cat shares rose 15%. Donald Trump Jr.-affiliated Unusual Machines rose 12%. Kratos Defense & Security Solutions and AeroVironment rose 6.7% and 8.6%, respectively. Alphabet – The tech giant rose more than 4% on Monday to hit a new 52-week high. Alphabet’s rise, along with Broadcom’s, helped push the Nasdaq Composite to a new record, even as Nvidia shares fell. Jefferies also named Alphabet as one of its top technology and internet stock picks for 2025. –CNBC’s Hakyung Kim, Jesse Pound, Sean Conlon, Yun Li, Lisa Kailai Han and Michelle Fox contributed reporting.
Stocks making the biggest moves midday: NVDA, AVGO, MSTR, SMCI
