Check out the companies that made the biggest moves midday: Micron Technology — The chipmaker’s stock fell more than 10%, its worst day since June 5, leading a broader decline in tech stocks. Marvell Technology stock fell 8% and SanDisk stock fell 11%. Accenture — Shares rose nearly 2%, bucking broader market weakness, after the consulting giant increased its stock repurchase program by $2 billion to more than $7 billion. Flex — Shares of the electronics maker fell more than 2% after Chief Operating Officer Kwan Tan said he sold 36,000 shares at an average price of about $144.51 per share. This brings total sales to approximately $5.2 million. IBM — Legacy tech stocks rose more than 4% after JPMorgan was upgraded to overweight, a bright spot amid broader sector declines. “The software continues to improve recurring revenue, margins, profitability and cash flow,” the bank’s analysts said. President Donald Trump’s signing of an executive order aimed at “supercharging” quantum computing in the U.S. also boosted stocks Zeta Global — The artificial intelligence marketing cloud company announced a partnership with Palantir to rebuild its data cloud on the defense technology company’s Foundry platform. Zeta’s stock price rose 7% on the day, while Palantir’s stock fell slightly. Cerebras Systems — Shares fell nearly 2% before the AI chipmaker reported its first quarterly results as a publicly traded company. “While we don’t expect any major surprises, we continue to be constructive as we believe there is significant upside to the differentiated architecture,” Morgan Stanley analyst Joseph Moore said in a report Monday. “CBRS posts sth line in first public quarter, giving us a glimpse of what’s to come.” Carnival — Shares fell 6% after the cruise line issued weaker-than-expected third-quarter guidance. Carnival expects third-quarter adjusted earnings to be around $1.35 per share, below the FactSet consensus of $1.42. It also expected adjusted EBITDA to be about $2.88 billion, compared to analysts who expected it to be $3.04 billion. ExxonMobil — The energy giant’s stock rose about 1% after the Supreme Court approved a lawsuit over assets seized by Cuba’s Fidel Castro regime. SpaceX — The space and artificial intelligence company’s stock rose nearly 6% after falling below its debut price of $150. The move follows losses in the past three trading sessions, including a 16% drop on Monday. AMC Entertainment — The movie theater chain’s stock price plunged, falling 25%, after the company announced it had entered into definitive agreements with certain institutional investors for the sale of 95.3 million shares of AMC common stock, valued at approximately $200 million. The stock’s last closing price was $2.76. ENERGY FUEL — Shares fell nearly 1% after the global critical minerals company announced a definitive agreement to acquire advanced magnetics company VAC. Primoris Services — Shares of the specialty contractor and engineering firm fell 22% after the company lowered its guidance on additional renewable energy cost overruns and delays and announced the resignation of its COO. Edgewell Personal Care — Shares rose more than 14% after a Bloomberg News report that the consumer products company rejected an unsolicited takeover offer from private equity firm Yellow Wood Partners for $30 a share, citing people familiar with the matter. The board considered the offer too low, according to the report. Avis Budget Group — Shares rose 3% after the vehicle rental and mobility services company announced in a filing that it had reached a $650 million cash settlement with Pentwater Capital. —CNBC’s Michelle Fox and Darla Mercado contributed reporting.
