Check out some of the companies making the biggest moves at midday: SpaceX — Since its $135-per-share IPO last Friday, the company’s stock soared nearly 50% in its first three days as a public company, before falling more than 3% on Wednesday. Bank stocks — The 15-year-old Invesco KBW Bank ETF (KBWB) has hit a new all-time high as the bull market spreads to former laggards. JPMorgan, Bank of America, Goldman Sachs and Morgan Stanley all set new intraday records, while Citigroup’s stock rose to a multi-year high. CarMax — Shares fell 7% after first-quarter earnings and sales beat street expectations. CarMax reported earnings of $1.31 per share, well above the 95 cents per share expected by analysts compiled by LSEG, but the stock has rebounded since before the report was released and is still up 31% in the past month. AST SpaceMobile — Shares rose 2% after AST announced Wednesday it successfully launched three new satellites into orbit to continue building cellular broadband networks in space. A SpaceX Falcon 9 rocket was used for the launch. La-Z-Boy — Shares rose 19% after the furniture maker announced an 11% year-over-year increase in retail sales for its fiscal fourth quarter. Adjusted operating margin was 9.9%, an increase of 50 basis points from the prior year. Aehr Test Systems — Shares rose 12% after the semiconductor test company announced it had received a follow-on production order from a major silicon photonics customer. The order is for a fully automated wafer-level burn-in system and is expected to be delivered within the next six months. Lionsgate Studios — The company’s stock price fell more than 6% after Netflix denied reports that it was interested in acquiring Lionsgate. Lionsgate stock rose nearly 14% on Tuesday amid reports of a possible merger. Netflix stock fell 1% on Wednesday. Chipmakers — Several semiconductor companies rallied after Tuesday’s selloff as investors returned to this year’s winners. Intel’s stock price rose about 4% after the company announced that its 18A-P chip entered mass production on schedule. Advanced Micro Devices stock rose 3%, Broadcom stock rose 6%, and Qualcomm stock rose 2%. Figma — shares of the AI-powered digital design and product development platform rose 7% after Citigroup initiated research coverage with a buy rating. Citi said Figma has a total addressable market of $25 billion and is still in the early stages of adoption. Salesforce — The customer relationship management software provider’s stock fell again, dropping 23% on pace for a record 12th straight decline. Salesforce stock has fallen to its lowest level since early 2023. The stock price last fell 2%. SharonAI Holdings — The computing company’s stock rose nearly 15%. SharonAI has announced a $1.6 billion private financing to fund the expansion of its artificial intelligence factories across Australia and the Asia-Pacific region. JABIRU — Shares rose about 4% after the company reported third-quarter earnings and sales that beat analysts’ expectations. The company’s outlook for the current quarter and the full year also exceeded expectations. UniQure — Shares of the Dutch biotech company soared about 75% after the company announced that the FDA agreed to its planned application for a gene therapy to treat Huntington’s disease. Nano Nuclear Energy — Shares of the solid-core battery and low-pressure refrigeration reactor maker rose 11% after Ross Capital initiated coverage with a Buy rating and $45 PT, citing growing confidence in the commercialization path of the company’s Cronos Micromodular Reactor. NNE models first commercial Khronos deliveries in 2030 and profitability in 2031. AT&T — Shares fell 3% after the mobile and landline carrier named Jennifer Billie as its new chief financial officer, replacing the outgoing Pascal Desroches. — Reporting by CNBC’s Davis Giangiulio, Darla Mercado, Nick Wells, Angelica Peebles and Gina Francola
