Here we will introduce companies that have become a hot topic in intraday trading. Enphase Energy — Shares of the global energy technology company rose 10%. Enphase announced that it has begun mass production shipments of its IQ9S microinverter. Barclays also upgraded the stock from underweight to equal weight. Artificial Intelligence in Action — Investors flocked to stocks related to AI and data center infrastructure. Corning was up 7% and Credo Technology was up 5%. Photonics company Coherent jumped 4% and Applied Digital rose more than 2%. Energy Stocks — The S&P 500’s energy sector fell nearly 2% after President Donald Trump signed a deal with Iranian President Masoud Pezeshkian to end wars in the Middle East. West Texas Intermediate futures for July delivery fell to $73.58 a barrel, the lowest since early March. ConocoPhillips and Occidental Petroleum fell about 3% each, while Exxon Mobil and Chevron fell more than 2%. Kroger — Shares fell more than 6% after the grocer reported first-quarter itemized earnings of $1.58 per share, compared to analysts’ expectations of $1.59 per share polled by FactSet. However, Kroger’s revenue for the quarter was $46.12 billion, beating Wall Street’s estimate of $45.59 billion. Steel Dynamics — The company fell 7% after releasing earnings guidance for the current quarter that disappointed Wall Street. Steel Dynamics expects second-quarter earnings in the range of $3.51 to $3.55 per share, compared to the FactSet consensus of $4.16 per share. Intel — The semiconductor company soared 10% after President Trump said in a post on Truth Social that Intel had signed a deal with Apple to design and manufacture chips in the United States. Apple stock rose less than 1%. Chip stocks — Chip makers rose after Intel’s announcement. Marvell Technology rose 12%, while Lam Research and Applied Materials both rose about 6%. Memory stocks — Stock prices of memory companies also rose. Western Digital rose nearly 6%, Micron Technology rose 8% and SanDisk rose about 11%. Pfizer — The pharmaceutical giant fell about 3% after announcing Chief Financial Officer Dave Denton would step down on Aug. 15. The company has named Cécile Guegan, senior vice president of finance for the company’s global biopharmaceutical business, as interim financial director. SpaceX — The space company fell nearly 10% after posting a loss of about 5% on Wednesday. The stock has risen for three sessions since going public last Friday, gaining nearly 50% from its IPO price in that time. Accenture — Accenture fell 17% after the global professional services firm announced an agreement to acquire a majority stake in asset intelligence company runZero, device and software supply chain security company NetRise, and cybersecurity company Dragos. The transaction value between the two companies is approximately $4.175 billion. Cruise Lines — Lower oil prices pushed cruise line stock prices higher. Carnival rose nearly 4%, while Royal Caribbean and Norwegian Cruise Lines rose more than 4%. Airlines — Falling oil prices also boosted airliner stocks, with United Airlines, Delta Air Lines, and American Airlines all up more than 2%. Smith & Wesson — rose about 20% after the company reported higher revenue and revenue and said sales of handguns to sporting goods retailers rose 23% year over year. 80% of the units Smith & Wesson shipped in the quarter were handguns. CNBC’s Fred Imbert, Alex Harring, Nick Wells and Darla Mercado contributed reporting.
