Here, we will introduce stocks that are attracting attention in intraday trading. Chip stocks – Semiconductor company stocks resumed their rise as investors bought back stocks like Micron Technology. The VanEck Semiconductor ETF (SMH) rose more than 1%, and Micron rose about 3%. ON Semiconductor soared 10%, Marvell Technology soared 7% and lastly Nvidia rose 2%. Akamai Technologies – The cybersecurity and cloud computing company saw its stock price rise about 7%. Bank of America upgraded the stock to Buy and raised its price target to $175 from $130. “Story has transitioned from a traditional delivery network to a trusted AI infrastructure platform,” the company said in a note. Nebius – Artificial intelligence cloud company soared 16%. In the first quarter, Nebius posted revenue of $399 million. This reflected a 684% year-over-year jump, driven by increased demand for cloud and GPU capacity. Nebius also announced that it has secured up to 1.2 gigawatts of power and land for a new AI factory in Pennsylvania. Alibaba — Chinese e-commerce giant Alibaba’s U.S.-listed shares rose 6% after the company said its cloud computing division’s first-quarter revenue rose 38% from a year earlier. Alibaba also reported significant investments in artificial intelligence. EchoStar — Shares rose 4% after the Federal Communications Commission approved the company’s $40 billion sale of radio spectrum to AT&T and SpaceX. The company sells 50 megahertz of its spectrum to AT&T and 65 megahertz to SpaceX. Nextpower — Energy stocks soared 12% after Nextpower raised its full-year revenue outlook to a range of $3.8 billion to $4.1 billion. We had previously expected a range of $3.6 billion to $3.8 billion. The company also announced that its fiscal fourth quarter adjusted earnings and sales exceeded analyst expectations, according to FactSet. BIRKENSTOCK — Shoe designer and manufacturer Birkenstock fell more than 10% after its fiscal second quarter financial report missed expectations for both earnings and sales. The company said the war in the Middle East weighed on growth in the Europe, Middle East and Africa region. Resideo Technologies — Shares fell 17% after the home security products and systems company said it expected adjusted earnings in the range of 71 cents to 75 cents per share for the current quarter, according to FactSet. Analysts, on the other hand, had expected 84 cents. The company also expects revenue to be between $1.916 billion and $1.94 billion, compared to analyst consensus of $2.01 billion. However, Resideo reported both first-quarter sales and bottom line gains. Photonics Stocks — AI trading favored optical networking stocks on Wednesday. Coherent rose 6%, making it the top performer among the S&P 500. Lumentum rose more than 2% and Corning rose nearly 2%. Wix.com — The web development platform plunged 30% after lower-than-expected adjusted earnings of 68 cents per share. Analysts polled by FactSet had expected earnings of $1.24 per share. — CNBC’s Lisa Kailai Hung, Fred Imbert, Nick Wells and Darla Mercado contributed to the report The markets may change and the headlines may fade, but the core principles of building long-term wealth remain the same. Join us for the third annual CNBC Pro LIVE. Investors from all backgrounds, from financial professionals to individuals, come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you start, you’ll leave with clearer thinking and a stronger strategy. Enter your email address here to get your discount code.
