Check out the companies making the biggest moves at noon: Micron Technology — The memory chip maker rose more than 7% after the company announced it would invest up to $3 billion to “strengthen the U.S. semiconductor supply chain ecosystem.” Stocks also rose as part of a broader rally in the semiconductor sector. Mara Holdings – Bitcoin miner and digital infrastructure company’s stock price soared 15%. Mara announced the acquisition of land in Matagorda County, Texas from renewable fuels company HIF USA. Mara said the site covers more than 1,200 acres and will eventually more than double the power capacity of the company’s entire portfolio to approximately 4.8 gigawatts. HIF will maintain a minority stake in the project. Paramount Skydance — Shares fell 6% on Thursday after Reuters reported that several U.S. states plan to file antitrust lawsuits against the entertainment conglomerate over its acquisition of Warner Bros. Discovery, citing two people familiar with the matter. Qiagen – The molecular diagnostics company soared 10% after Bloomberg News reported that companies including EQT, AllianceBernstein and KKR are interested in acquiring Qiagen, citing people familiar with the matter. Some potential buyers have indicated they may consider offers of at least $50 a share if the deal goes ahead, some of the people told Bloomberg. AstraZeneca — The biopharmaceutical company fell 6% after its heart disease drug Wainua missed targets in late-stage clinical trials. PepsiCo — The snack and beverage giant reported mixed second-quarter results. PepsiCo’s adjusted earnings per share were $2.20, below the $2.21 per share expected by analysts polled by LSEG. Revenue was $24.18 billion, beating the consensus estimate of $23.95 billion. The stock price fell 3%. Salesforce — Shares fell 2% after KeyBanc downgraded its sector weight from overweight. The company said it was difficult to find evidence of future increases based on checks, conversations with consumers and the numbers it disclosed. Levi Strauss — The denim giant rose 2.3% after second-quarter earnings and sales beat expectations. Cerebras Systems — Shares rose 11% after the AI infrastructure company announced major expansion in Europe. Cerebras plans to bring Europe’s first data center capacity online by the end of the year and plans to expand its total capacity to 2000 MW in 2027 with additional data centers across the continent. Costco — Wholesale Club fell 4% after reporting a slowdown in comparable sales in June. Costco’s June profits increased 8.8% year over year, compared with a 12.5% increase in May. —CNBC’s Tanaya Machel, Darla Mercado, Liz Napolitano and Fred Imbert contributed reporting.
