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{"id":35448,"date":"2023-05-30T17:21:00","date_gmt":"2023-05-30T17:21:00","guid":{"rendered":"https:\/\/financeworld24.com\/stocks-making-the-biggest-moves-midday-nvidia-tesla-coinbase-and-more\/"},"modified":"2023-05-30T17:21:00","modified_gmt":"2023-05-30T17:21:00","slug":"stocks-making-the-biggest-moves-midday-nvidia-tesla-coinbase-and-more","status":"publish","type":"post","link":"https:\/\/financeworld24.com\/stocks-making-the-biggest-moves-midday-nvidia-tesla-coinbase-and-more\/","title":{"rendered":"Stocks making the biggest moves midday: Nvidia, Tesla, Coinbase and more"},"content":{"rendered":"
\n
\n
\n
\n
\n

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

\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. 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