Check out the companies making the biggest moves at noon: Qualcomm — The chipmaker soared more than 11% after announcing artificial intelligence processors that compete with AMD and Nvidia. The AI chips are a shift for Qualcomm, which has traditionally focused on semiconductors for wireless connectivity and mobile devices rather than large-scale data centers. Intellia Therapeutics — The clinical-stage genome editing company plunged 45% after suspending patient dosing and screening in its Phase 3 clinical trials of MAGNITUDE and MAGNITUDE-2. FTI Consulting – Management Consultant rose more than 5%. CEO Stephen Gamby said in a securities filing that he purchased 7,500 shares at a price of $151.12 each. This comes after the company reported third-quarter earnings of $2.60 per share and revenue of $956.2 million, compared to estimates of $1.99 and $945.1 million by analysts surveyed by FactSet. Fermi — The AI data center developer briefly rose as much as 9% before regaining overall gains. Mizuho, Stifel, UBS and Rothschild & Co. Redburn began covering Fermi after its Sept. 30 IPO at $21 per share, with price targets ranging from $27 to $31. Although Fermi has no revenue, analysts are bullish on the company’s contract to build nuclear reactors for an AI data center campus in Texas. UBS, Evercore ISI, Kantar and Mizuho led Fermi’s IPO. The stock price was recently down 1.1%. Dyne Therapeutics — The RNA-based therapy maker soared 41% after Novartis agreed to buy Dyne rival Avidity Biosciences for $12 billion in cash. Avidity Biosciences — Avidity Biosciences soared more than 42%, 46% above Friday’s closing price, after Novartis agreed to sell the company for $72 per share. Organon — The women’s health pharmaceutical company, which was spun off from Merck in 2021, announced that CEO Kevin Ali has resigned after an internal investigation found “inappropriate” marketing practices for the company’s Nexplanon contraceptive implant. The stock price plunged 22%. Snowflake — Shares of the cloud data provider rose 3% after the company reaffirmed its third-quarter product revenue guidance of $1.125 billion to $1.13 billion and full-year revenue of $4.395 billion, originally announced in late August. Doximity — The digital health platform soared more than 4% after Bank of America upgraded it to neutral buy. The bank said revenue growth could accelerate due to a shift in spending to the healthcare provider channel. Huntington Bancshares — Ohio-based Huntington fell as much as 4% after agreeing to buy Cadence Bank (up 5.2%) for $7.4 billion in stock. American Water Works — The New Jersey-based company fell 1.4% on its plan to acquire Essential Utilities in an all-stock deal that would leave American as the majority shareholder in the $40 billion new company. RARE EARTH MINER — Treasury Secretary Scott Bessent said Sunday he expects China to delay imposing tough rare earth export controls as part of its interim trade deal with the United States. US antimony fell 22%, critical metals fell 15% and US rare earths fell 9%. MP Materials fell 8% and Energy Fuels fell 11%. JANUS HENDERSON — Shares rose 13% after Nelson Peltz’s Trian Fund Management said it was working with investment firm General Catalyst to buy the remaining shares in Janus Henderson it doesn’t already own. The proposed deal values the asset manager at about $7 billion, Bloomberg reported, citing people familiar with the matter. Lululemon Athletica — The sports apparel maker posted a 2% gain after partnering with the National Football League and Fanatics to launch an apparel collection for NFL teams. Nvidia — The leading AI chipmaker rose nearly 3% after Bessent said President Donald Trump and Chinese President Xi Jinping plan to reach a deal to avoid new 100% U.S. tariffs on Chinese goods. GOLD MINING COMPANIES — Gold prices fell on Monday on the back of a possible trade truce between the U.S. and China, with shares of Newmont, Cool Mining and Hecla Mining falling 5% to 7%. Five Below — The discount retailer rose more than 2% after JPMorgan upgraded the stock to overweight on the back of strong Halloween sales. Carter’s — Children’s clothing company Carter’s rose 2.7% as third-quarter earnings per share excluding one-time items and operating profit both beat Wall Street consensus estimates, according to FactSet data. Keurig Dr Pepper — The 7-Up maker’s third-quarter sales rose 7% to $4.31 billion, beating the $4.15 billion expected by analysts surveyed by FactSet. Keurig Dr Pepper also raised its full-year outlook from mid-single-digit sales growth to high-single-digit sales growth. Revvity — The biotech company fell 3% following weak third-quarter earnings. Revvity reported revenue of $699 million, compared to consensus estimates of $699.4 million, according to FactSet. The company also lowered its sales forecast to $2.83 billion to $2.88 billion from the previous estimate of $2.84 billion to $2.88 billion. Harley-Davidson — The motorcycle maker fell 4% after Morgan Stanley downgraded Harley-Davidson from equal weight to underweight, citing reduced pricing power and weak long-term trends. Lifetime Group Holdings — Morgan Stanley upgraded the health and fitness company from equal weight to overweight, sending the stock up nearly 5%. The company’s analysts expect consensus forecasts to be revised upwards as new club growth improves membership trends. DoorDash — Delivery stock rose 2% after Goldman Sachs reinstated buy coverage. Goldman said industry research shows positive momentum in delivery and named DoorDash a category leader. Beyond Meat — The meme stock fell 9% after more than tripling last week. —CNBC’s Lisa Kai-Lai Han, Michelle Fox, Sean Conlon, Pia Xin, Alex Harring, Yun Li, Sarah Ming and Liz Napolitano contributed reporting. (Learn the best strategies for 2026 from inside the New York Stock Exchange with Josh Brown and more on CNBC PRO Live. Tickets and information here.)
