Here are some companies that are making headlines in intraday trading. Semiconductors — Chipmakers fell on Thursday, sparking a decline in the tech sector for the day. The VanEck Semiconductor ETF (SMH) is down 2% in trading, marking its eighth day of declines. Nvidia’s stock price fell nearly 2%, and shares of Advanced Micro Devices and Marvell Technologies fell more than 3%. Software Manufacturers — Software companies were a bright spot within the tech sector, with the iShares Extended Tech Software Sector ETF (IGV) up about 1%. Salesforce stock rose about 4%, and Adobe stock rose more than 3%. Oracle stock rose 2%. Consumer staples — Stocks of consumer staples companies rose as investors fled the tech sector for relative safety. Campbell’s stock rose about 5%, while General Mills and Conagra Brands each rose more than 3%. FMC Corp — Shares plunged 32% as the chemical manufacturer lowered its outlook for the third quarter. The company now expects revenue to be in the range of $65 million to $125 million, well below the FactSet consensus estimate of $868.5 million. “Demand in the third quarter was weaker than expected due to challenging market conditions and increased levels of high-value FMC products held in inventory by customers in certain channels, limiting product movement and replenishment demand,” CEO Pierre Blondeau said in a statement. Intuit — Shares rose 6% after the company behind TurboTax and QuickBooks software announced it would acquire Sequence, an earnings management platform. KIMBERLY-CLARK — Shares of the Huggies diaper maker rose about 4% after the company reported preliminary third-quarter results that beat Wall Street expectations. The company’s earnings, excluding certain items, were $1.70 per share on revenue of $4.13 billion. By comparison, the FactSet consensus call is $1.58 per share, or $4.09 billion. Berkshire Hathaway — Shares rose 0.4%, heading for 11th straight winning day. On Wednesday, Italian tech conglomerate Bending Spoons announced that Berkshire has made a $330 million investment in the company. This is in addition to the $600 million Berkshire injected into Vending Spoons in July when it listed on the Nasdaq. The RealReal — Shares rose 11% after the online marketplace for designer clothing announced it had secured a $150 million term loan and a $25 million senior secured revolving credit facility. The RealReal plans to use the proceeds to refinance its 2029 Senior Secured Notes. Marsh & McLennan — The company’s stock rose 5% on the back of third-quarter sales and bottom line growth. Marsh reported adjusted earnings of $2.03 per share and revenue of $6.86 billion, compared with the FactSet consensus of $1.97 per share and $6.64 billion. This rally helped push the SPDR Insurance ETF (KIE) up 1% on the day. CoreWeave — The cloud infrastructure technology company’s stock fell for the second day in a row, dropping 2% on Thursday. This comes as investors worry that CoreWeave, like other technology companies, is borrowing heavily to build out its artificial intelligence. Artificial intelligence infrastructure companies Nebius Group and Iren also fell by 5% and nearly 8%, respectively. Dell Technologies stock fell 8%, and data storage company Everpure’s stock fell 6%. Rocket Lab — Shares of the space company fell 11% after the company postponed the launch of its Neutron rocket to 2027. SK Hynix — Shares of the South Korea-based company fell 2% as investors worried about funding for artificial intelligence development. The decline also follows a 7.6% drop in South Korea’s Kospi index overnight. Penske Automotive — Shares soared 8% after the transportation company announced it would be taken private by Motown Acquisition Corp., a company owned by Penske Corp. and Mitsui & Co., for $212 per share in cash. The deal represents a nearly 9% premium to Wednesday’s closing price of $194.79 per share. The transaction is expected to close in the first quarter of 2027. Walmart — The retailer’s stock soared more than 2% after Deutsche Bank upgraded the stock from hold to buy, citing positive outlook for 2027. The bank expects incremental profits to improve, noting that current levels of inflation could help the company attract consumers. Crocs — The footwear company’s stock rose 6% after Barclays upgraded Crocs from equal weight to overweight. Analyst Adrian Yee cited the company’s progress in product innovation and category expansion, as well as growth in its international business, as factors in the upgrade. — CNBC’s Fred Imbert, Tom Rotunno and Nick Wells contributed reporting
