Check out the companies making headlines in midday trading. Advanced Micro Devices \u2014 The chipmaker’s stock popped 7%, a day after the company unveiled its new artificial intelligence chips poised to challenge Nvidia’s dominance. Nvidia shares added about 1%. Meta Platforms and Microsoft have already said they would buy AMD’s chip as an alternative. Alphabet \u2014 The Google parent’s stock rallied more than 5%, a day after the company unveiled its latest and most powerful AI model known as Gemini. The product will be used to power Google’s products such as its Bard chatbot. Sprinklr \u2014 Shares plunged about 30% on the back of the company’s quarterly earnings announcement. Despite posting better-than-expected results for the 2024 fiscal third quarter on Wednesday, management forecast a deceleration in sales growth in the 2025 fiscal year. BTIG downgraded shares to neutral from buy following the release. AbbVie \u2014 AbbVie shares added 1% a day after the pharmaceutical company said it would a cquire neuroscience drugmaker Cerevel Therapeutics for $8.7 billion, or $45 a share. The company expects the acquisition to go through in the middle of next year. Cerevel’s stock popped more than 12%. Chewy \u2014 The pet products e-commerce stock slumped more than 3% a day after Chewy reported disappointing quarterly results and guidance. Revenue fell slightly short of expectations, and Chewy posted a wider-than-expected loss by 2 cents. Net sales guidance for the fourth quarter also came up short of the $2.93 billion expected, per LSEG, formerly known as Refinitiv. GameStop \u2014 GameStop shares were last up nearly 2% a day after the video game retailer reported third-quarter results. The company posted a 1 cent loss per share on revenue of $1.08 billion. It was unclear if that was comparable to LSEG estimates. JetBlue \u2014 JetBlue shares soared more than 13% after the airline boosted its guidance due to strong travel demand. The company expects revenue to fall between 7% and 4% from a year ago in the fourth quarter. Prior guidance called for a decline between 6.5% and 10.5%. JetBlue also forecasts a smaller-than-expected loss in the fourth quarter between 25 cents and 35 cents. ChargePoint \u2014 ChargePoint shares popped more than 11%. On Wednesday, the electric vehicle charging stock reported $110 million in revenue, which fell short of the $122 million expected by analysts polled by LSEG. C3.ai \u2014 The artificial intelligence software stock dropped more than 10% after C3.ai issued mixed quarterly results and shared light guidance. On Wednesday, C3.ai posted a smaller-than-expected adjusted loss of 13 cents per share. For its fiscal third quarter, the company expects revenue to range between $74 million and $78 million. Take-Two Interactive \u2014 Shares slipped nearly 2% after Bank of America downgraded the video game publisher to neutral from a buy rating, noting the company’s track record of delaying launches. Duckhorn Portfolio \u2014 The wine stock shed more than 9% a day after Duckhorn issued quarterly results that fell short of Wall Street’s expectations. Bank of America downgraded the company to a neutral rating, citing “little reason to be bullish” in the near to medium term. \u2014 CNBC’s Sarah Min, Alex Harring, Hakyung Kim and Michelle Fox contributed reporting.<\/span><\/span><\/span><\/span><\/p>\n<\/div>\n<\/div>\n Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":" Check out the companies making headlines in midday trading. Advanced Micro Devices \u2014 The chipmaker’s stock popped 7%, a day after the company unveiled its new artificial intelligence chips poised to challenge Nvidia’s dominance. Nvidia shares added about 1%. Meta Platforms and Microsoft have already said they would buy AMD’s chip as an alternative. Alphabet…<\/p>\n","protected":false},"author":1,"featured_media":58717,"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-58716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n