Here we will introduce companies that have become a hot topic in intraday trading. Software stocks — Stocks of software companies rose even as the broader technology sector slumped. The iShares Expanded High-Tech Software Sector ETF (IGV) was last up 3%. Microsoft and Salesforce shares rose more than 4%, and Palantir stock rose 5%. AppLovin stock rose 7% and ServiceNow stock rose 8%. Moderna — The biotech giant’s stock rose 11% after the company detailed its long-term strategy beyond its vaccine business at its annual Science Day. Moderna discussed plans for mRNA-based oncology and rare disease treatments. Healthcare stocks — The healthcare sector of the S&P 500 outperformed, rising more than 2% on the day and posting its best week since 2022. In addition to Moderna, shares of Viva Systems and Eli Lilly each rose 7%. Biogen stock rose about 6%. Crocs — Shares of the footwear company rose nearly 7% on the back of Piper Sandler’s upgrade. The company raised its rating on Crocs from “neutral” to “overweight,” noting that the stock’s valuation “remains cheap at 8 times (price/earnings).” Robinhood — the stock app provider’s stock rose 4%. BTIG initiated coverage on Robinhood stock with a buy rating and said the stock is “built for compounding.” ON Semiconductor , Synaptics — ON Semiconductor stock fell 23% after ON Semiconductor announced an all-stock deal to acquire Synaptics. At approximately $7 billion, it is ON’s largest acquisition to date, and it estimates it will increase its total addressable market by $30 billion. Synaptics’ stock price was little changed. Memory Stocks — The decline in tech stocks gained momentum on Friday, with shares of several memory companies falling. Micron’s stock price fell nearly 3% after surging nearly 16% on Thursday following the earnings release. SanDisk stock fell 7%, Seagate Technology stock fell 8% and Western Digital stock fell 11%. Chipmakers — The drop in tech stocks also affected semiconductors, as a New York Times report that OpenAI was exploring the possibility of delaying its IPO until 2027 also weighed on stock prices. Arm Holdings stock fell 4% and Marvell Technology stock fell 5%. Shares of Advanced Micro Devices, Intel and Broadcom fell about 2%. Rocket Lab — Shares rose 5% after NASA announced the aerospace company would provide launch services on two missions. The mission is to study the sun’s energy input to Earth and to better understand the ice clouds that form on Earth. Apple — After Apple stock had its worst day in more than a year on Thursday, the stock bucked the trend of declines in tech stocks and rebounded slightly. Shares rose 1% after falling more than 6%, the steepest decline since April 2025, after the company raised the prices of its devices due to rising costs of memory and storage. Energy stocks — Energy stocks fell as oil prices fell by about 4%. Shares of APA Corporation, Exxon Mobil and Chevron fell about 1%. —CNBC’s Nick Wells and Darla Mercado contributed reporting.
