Check out the companies making the biggest moves in intraday trading: Peloton — The connected fitness company known for its at-home bike and tread products unveiled a new series of commercials aimed at crowded gyms on Monday. The stock rose 4.5%. Meta — Shares in the Facebook parent company rose more than 2% after Reuters reported that Meta plans to lay off more than 20% of its workforce to offset spending plans on artificial intelligence. Regarding the Reuters report, a Mehta spokesperson told CNBC, “This is a speculative report regarding a theoretical approach.” Nvidia — The semiconductor giant’s stock rose about 2% ahead of the company’s annual GTC conference. At the GTC conference, CEO Jensen Huang will deliver the keynote address at 2pm ET. Analysts expect Nvidia to provide new insight into the sustainability of the AI spending boom and the chipmaker’s next generation of processors. FERTILIZER COMPANY — Shares of fertilizer companies fell in midday trading. Treasury Secretary Scott Bessent told CNBC that the United States is allowing Iranian oil tankers to pass through the Strait of Hormuz. The global supply chain for fertilizer also runs through waterways, and stock prices for companies in this sector have soared amid the Iran war. CF Industries and Mosaic fell more than 4%, and Nutrien fell 5%. Upstart — Shares of the AI lending company rose more than 6% after BTIG upgraded the stock to buy with a price target of $43. Upstart applied for a national banking license last week, and BTIG analysts expect the license could reduce the company’s funding risk, significantly improve its economics, lower volume costs and boost annual earnings per share by about 60%. Dollar Tree — The discount retailer rose more than 4% despite reporting mixed fourth-quarter results and warning that sales growth could slow over the coming year. Dollar Tree is hoping to attract new customers looking for value amid rising oil prices and a tight labor market. However, similar circumstances have made the company cautious about its outlook. The company expects sales at stores opening at least a year from now to grow 3% to 4% in 2026, up from 5.3% in fiscal 2025. Nebius Group — This artificial intelligence infrastructure company rose 13% after announcing a deal with Meta. As part of the deal, Nebius “will provide $12 billion in dedicated capacity across multiple locations,” the statement said. This comes after the company announced a new partnership with Nvidia last week. Micron Technology — The chipmaker rose 5% on plans to build a second manufacturing site in Taiwan. Micron said in a statement that the new site “supports Micron’s efforts to expand its supply of cutting-edge DRAM products.” Strategy , Coinbase , Circle Internet Group — Cryptocurrency stocks rose as Bitcoin rose earlier in the week. Strategy and Coinbase each rose about 4%, while Circle rose about 8%. National Storage Affiliates — Shares soared more than 30% after the company agreed to be acquired by Public Storage for about $10.5 billion in an all-stock deal. The transaction is expected to close in the third quarter. Public Storage traded about 1% lower. —CNBC’s Darla Mercado, Michelle Fox, Yun Li and Nick Wells contributed to this report.
