Check out the companies making the biggest moves midday: Accenture — Shares popped 7.3% after the consulting company reported more than $900 million in generative artificial intelligence bookings for its third quarter, bringing the total to $2 billion for this fiscal year. Gilead Sciences — The biopharma stock surged 7.7% after the company said a phase 3 trial showed its HIV drug, lenacapavir, demonstrated 100% efficacy for prevention in women. Trump Media & Technology Group — After former President Donald Trump’s company said on Tuesday that the Securities and Exchange Commission had declared effective Trump Media’s registration of additional shares, the stock dropped 13.5%. Super Micro Computer — Shares jumped 5% after Elon Musk said the company will help his AI firm, xAI, build a supercomputer . Darden Restaurants — The Olive Garden and LongHorn Steakhouse parent moved 2% higher after posting mixed financial results for its fourth quarter. Adjusted earnings per share were $2.65, topping the $2.61 expected from analysts polled by LSEG. Revenue came in at $2.96 billion, shy of the $2.97 billion consensus estimate. Advanced Micro Devices — Shares added 4.6% after Piper Sandler named the semiconductor maker a top pick. The firm said the company has “bright prospects” entering the second half of the year. Winnebago Industries — Shares of the recreational vehicle maker fell 4% after a quarterly report showed declines in revenue and net profit year over year. Winnebago reported $1.13 in adjusted earnings per share on $786 million of revenue for its fiscal third quarter. Analysts surveyed by FactSet were expecting $1.31 per share on $798.3 million of revenue. TransUnion — Shares of the consumer credit reporting agency gained 2.6% after receiving an upgrade to buy from neutral at Bank of America. Analyst Heather Balsky cited a recent pullback, contributing to an attractive valuation, as a reason for the change. Jazz Pharmaceuticals — The stock slipped 3.6% after the biotech company’s experimental drug to treat essential tremor did not show statistically significant improvement for patients versus the placebo in a mid-stage study. Commercial Metals — Shares gained 5.6% after the company reported a revenue beat for its third quarter. Revenue came in at $2.08 billion, versus the FactSet consensus estimate of $2.02 billion. Earnings were in line with expectations. Jabil — Shares dropped 8%. Jabil beat earnings and revenue expectations in its latest quarterly results. However, the electronic components maker cited “softness” in its automotive and transportation markets. KB Home — The homebuilder jumped 3.5% after reporting a top and bottom line beat in the second quarter. KB Home posted $2.15 earnings per share on $1.71 billion in revenue. Analysts surveyed by LSEG had forecasted $1.80 earnings per share and $1.65 billion in revenue. The company noted that net orders increased 2% from the prior year. — CNBC’s Alex Harring, Hakyung Kim, Sarah Min, Jesse Pound and Lisa Han contributed reporting.
Source: www.cnbc.com