Visitors at the Nvidia stand at the 2022 Apsara Conference in Hangzhou, China, Nov 3, 2022.<\/p>\n
Nvidia Stock Soar | Future Publishing | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Check out the companies making headlines in midday trading.<\/em><\/p>\n Nvidia<\/a><\/span><\/span><\/span> \u2014 Shares of the chipmaker and artificial intelligence beneficiary popped nearly 6%, building on its recent gains on the heels of a blowout quarter. The moves pushed Nvidia’s market value above $1 trillion.<\/a> Other chipmakers with AI ties also gained, with Broadcom<\/a><\/span><\/span><\/span> last up more than 5%.<\/p>\n Tesla<\/a><\/span><\/span><\/span> \u2014 Shares gained 6% following a Reuters report a private jet used by CEO Elon Musk arrived in China, his first visit in three years. Musk is expected to meet with senior Chinese officials<\/a> and visit Tesla’s Shanghai plant, Reuters said.<\/p>\n Ford<\/a><\/span><\/span><\/span> \u2014 Shares of the legacy automaker gained 4.7% after Jefferies upgraded<\/a> the F-150 pickup truck maker to a buy from a hold, citing improved confidence in Ford’s plan and management after an investor event.<\/p>\n Coinbase<\/a><\/span><\/span><\/span> \u2014 Shares of the crypto services business rose more than 5% following an\u00a0upgrade by Atlantic Equities<\/a>, which called the company the “best expression of crypto.” The analyst kept his price target on the stock, still implying it could rally 23% from Friday’s close.<\/p>\n Paramount Global<\/a>\u00a0\u2014 The CBS TV parent rose more than 2%, extending a gain of nearly 6% from Friday. Wolfe Research upgraded the media stock to peer perform from underperform Tuesday following news last week Paramount’s majority shareholder National Amusements announced a $125 million preferred equity investment from BDT Capital Partners. Wolfe said the odds of Paramount selling off assets are rising while the stock is depressed and positioning is short.<\/p>\n ChargePoint<\/a><\/span><\/span><\/span> \u2014 Shares rose nearly 11%. Bank of America upgraded the electric vehicle<\/a> charging station stock to buy, calling it a best-in-class play in the EV landscape.<\/p>\n Devon Energy<\/a><\/span><\/span><\/span>, Diamondback<\/a><\/span><\/span><\/span>, Chevron<\/a><\/span><\/span><\/span>, ExxonMobil<\/a><\/span><\/span><\/span> \u2014 Energy stocks were under pressure Tuesday as prices for oil<\/a> and natural gas slid. Shares of Devon Energy dropped 3.5%, while Diamondback Energy fell more than 2%. Oil giants Chevron and Exxon were each down about 1.5%.<\/p>\n C3.ai<\/a><\/span><\/span><\/span> \u2014 Shares of C3.ai soared 18% Tuesday as AI-focused companies got a lift. Other companies connected to AI gained, with UiPath<\/a><\/span><\/span><\/span> last up nearly 6%. C3.ai reports results Wednesday.<\/p>\n Iovance Biotherapeutics<\/a><\/span><\/span><\/span> \u2014 Shares of Iovance Biotherapeutics popped more than 11% after the U.S. Food and Drug Administration accepted its license<\/a> application for an advanced skin cancer treatment.<\/p>\n \u2014 CNBC’s Tanaya Macheel, Yun Li, Michelle Fox, Alexander Harring and Jesse Pound contributed reporting.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":" Visitors at the Nvidia stand at the 2022 Apsara Conference in Hangzhou, China, Nov 3, 2022. Nvidia Stock Soar | Future Publishing | Getty Images Check out the companies making headlines in midday trading. Nvidia \u2014 Shares of the chipmaker and artificial intelligence beneficiary popped nearly 6%, building on its recent gains on the heels…<\/p>\n","protected":false},"author":1,"featured_media":35449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[78],"tags":[],"class_list":["post-35448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n