Here we will introduce companies that have become a hot topic in intraday trading. Apple – The iPhone maker rose more than 2% as the Global Developers Conference kicked off. Apple is expected to further elaborate on its strategy around artificial intelligence, including updates to Siri. Wix.com – This web development company is down more than 5%. Wix has lowered its full-year outlook, calling for bookings to grow by a low-teens percentage. This was lower than expected, which was in the mid-10% range. Second quarter year-over-year and sales growth is now expected to be in the low to mid-teens, compared to previously expected to be in the mid-teens. Crocs – The footwear maker rose 3% after Baird upgraded its rating to Outperform. The company said “a healthier story is emerging in North America” for Crocs. “We are adopting a more positive attitude, incorporating high confidence that the positive changes at Crocs North America and Haydude are sustainable,” the company said. Corning – Shares of the glass and fiber specialist soared about 6%. Corning has reached a deal with Amazon to provide fiber optics and connectivity solutions to support the e-commerce and cloud giant’s growing data center infrastructure in the U.S. Intel – The chip company’s stock rose 12% after the Information reported that Alphabet and Nvidia are considering the company as a backup chip maker. Alphabet stock fell nearly 2%. Cerebras Systems – The artificial intelligence chipmaker saw its stock soar 20% following a series of bullish moves from Wall Street companies. Morgan Stanley, Barclays, Wedbush, and UBS all rated the stock the equivalent of buy at the beginning of coverage. Nvidia — Shares rose nearly 2% after Nvidia announced a partnership with South Korean tech giant SK Hynix on advanced memory for building AI factories. Marvell Technology — Marvell Technology rose 13% after the chip company announced it would join the S&P 500. Flex will also be part of a broader market index. The stock price last time fell about 1%. The two names replace Campbell’s and Pool Corp.’s Nurix Therapeutics – whose shares rose nearly 7% after the company announced it was collaborating with Roche to develop and commercialize bexobrutideg, a protein-degrading agent used to treat cancer and autoimmune diseases. Micron Technology — Chip stocks rebounded strongly after Friday’s selloff, with shares of Micron Technology and KLA Corp up 10% and Broadcom up about 3%. Advanced Micro Devices’ stock rose 5%. The VanEck Semiconductor ETF (SMH) was last up nearly 6%. —CNBC’s Nick Wells and Darla Mercado contributed reporting.
