Amazon · CNBC Technology
Stocks making the biggest moves midday: Meta Platforms, Brown-Forman, Amazon, Marvell & more
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
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Here are the names making headlines in midday trading.
Key facts
- The bank also raised its price target on the stock to $150 from $105, suggesting gains of 31% from Wednesday's close
- Staar Surgical — The implantable eye lens maker jumped about 27% after it guided for first-quarter revenue in excess of $90 million, well above the $67.6 million expected from analysts polled
- Constellation reported fourth-quarter earnings of $1.90 per share on net sales of $1.92 billion, topping the LSEG consensus call of $1.72 per share in earnings and $1.88 billion in revenue
- Amazon said it expects that total to grow to 4,500 cities by the end of 2026 CoreWeave — The AI cloud computing stock gained more than 4% after CoreWeave announced a $21 billion expanded
Summary
Brown-Forman — The maker of Jack Daniel's whiskey surged 12% after The Wall Street Journal reported that Sazerac approached the spirits company for a potential deal. Marvell Technology — The semiconductor maker jumped 5% and reached a 52-week high after Barclays upgraded Marvell to overweight from equal weight. The bank also raised its price target on the stock to $150 from $105, suggesting gains of 31% from Wednesday's close. Meanwhile Meta has committed to spending an additional $21 billion on AI cloud infrastructure from CoreWeave, which comes on top of a prior arrangement of $14.2 billion. Amazon said it expects that total to grow to 4,500 cities by the end of 2026 CoreWeave — The AI cloud computing stock gained more than 4% after CoreWeave announced a $21 billion expanded infrastructure deal with Meta Platforms.
Texas Instruments — Shares climbed nearly 3% after Stifel upgraded the chipmaker to buy from hold. Staar Surgical — The implantable eye lens maker jumped about 27% after it guided for first-quarter revenue in excess of $90 million, well above the $67.6 million expected from analysts polled by FactSet.