Stocks making the biggest moves midday: AMD, ACHR, SPCX, IREN
Check out the companies making the biggest moves in midday trading: Advanced Micro Devices , Microsoft — Microsoft said it would offer AMD’s Helios-based system on the Azure cloud. Wolfe Research’s Chris Caso said Microsoft’s decision to return to AMD GPUs “attests to Helios’ competitiveness.” The development comes ahead of AMD’s Advancing AI day later this week. AMD shares are trading nearly 4% higher, while Microsoft was up less than 1%. Iren — The data center operator’s stock jumped more than 17% after it raised its year-end AI Cloud annualized run-rate revenue target to more than $4 billion from $3.7 billion, following the receipt of $2.8 billion in new multiyear contracts. The company said about 85% of year-end AI cloud annualized run-rate revenue is under contract. Imax , AMC Entertainment , Cinemark — Movie theater stocks were trading higher Monday on the back of a strong opening weekend for “The Odyssey” and upbeat second-quarter results from AMC. The Christopher Nolan film rang up $264.1 million in worldwide ticket sales . The movie was the first-ever shot entirely in Imax’s 70mm, driving moviegoers to see it on Imax screens. Imax said the film tallied $52 million in sales at the global box office for its screens over the weekend. Separately, AMC said U.S. movie attendance is up 12%, while international has grown 18%. By midday, Imax shares were trading off their highs, up almost 1%, while AMC gained 20% and Cinemark added 4%. Archer Aviation — The aerospace stock jumped 17% after the company unveiled an autonomous vertical take-off and landing aircraft , jointly-developed with Anduril, built to serve both defense and commercial applications. The craft’s first flight is planned for next year. Sweetgreen , Cava Group — The restaurant stocks were trading lower as the Food and Drug Administration continue to investigate the source of a cyclospora outbreak. Sweetgreen shares are down 8% after rebounding on Friday by 14% when it was thought that the source of the outbreak had been detected. The salad maker’s stock is down 26% month to date. Cava shares shed 5% on Monday, bringing July’s losses to more than 16%. SpaceX — Shares fell 1% to a fresh low despite the rocket maker announcing its next launch attempt for the Starship rocket will be Thursday. The previous launch attempt was aborted last week after issues with the engines. Alibaba — U.S.-listed shares of the Chinese technology company were up 5% after it previewed a new powerful artificial intelligence model, Qwen 3.8 Max. The company said it is only second to AI giant Anthropic’s Fable 5 model. Domino’s Pizza — The stock rose more than 1% after its second-quarter financial results were better than feared. Domino’s revenue slightly outpaced expectations, and the CEO said the company had meaningful order count growth in both its delivery and take-out business. Hut 8 Corp — The energy infrastructure company popped 11% after it signed a 15-year lease with an existing customer, fully commercializing its 1 gigawatt Beacon Point data center in Texas. The agreement totals $9.8 billion. Semiconductors — A slew of companies were rebounding after a tough week, as the iShares Semiconductor ETF (SOXX) rose 2% in midday trading Monday after tumbling 10% last week. Micron Technology popped more than 4%. Marvell Technology rose 5%, while Intel advanced 3%. —CNBC’s Nick Wells contributed to this report.
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