Check out the companies that are trending in intraday trading. Nvidia — The chipmaker’s stock was down about 1% in midday trading after a volatile early session. Nvidia beat its third-quarter revenue and bottom line, posting adjusted earnings of 81 cents per share on revenue of $35.08 billion. Analysts polled by LSEG expected earnings of 75 cents per share on revenue of $33.16 billion. Nvidia also issued better-than-expected forecasts for the current quarter. Baidu — The Chinese search engine’s U.S. shares fell about 5% after Baidu’s third-quarter revenue fell 3% from a year earlier. Still, the company saw a 12% increase in non-online marketing revenue, primarily due to growth in its artificial intelligence cloud business. Alphabet — Stocks fall 5% on news that the Justice Department is pressuring a federal judge to force Google to sell its Chrome internet browser to create a more level playing field for competitors in the search industry did. This follows an August ruling that found Google has a monopoly in the search market. Snowflake — Shares soared more than 34% after the data analytics software maker reported better-than-expected third-quarter results. Stock prices are about to have their best day ever. Snowflake also expects product revenue to be $3.43 billion in fiscal 2025, representing growth of 29%. CEO Sridhar Ramaswamy said Snowflake is more focused on saving money. Merus — The cancer drug company’s stock rose nearly 4%. Goldman Sachs initiated coverage of Mels with a buy rating and said the company’s cancer treatment is expected to generate significant future profits. Netflix — Shares rose nearly 2% after Bank of America reiterated its Buy rating and raised its price target to $1,000. The bank cited live events and Netflix’s in-house advertising technology platform as catalysts for growth. Crypto-related stocks — Cryptocurrency-related stocks were the first to rise after the price of Bitcoin exceeded $98,000 for the first time, but Galaxy Digital CEO Michael Novogratz believes that a Bitcoin rebound will ultimately It fluctuated after I warned it was coming. MicroStrategy fell 1%, reversing earlier gains, and Coinbase fell 3%. Miner Mara Holdings rose nearly 10%, while trading platform Robinhood fell about 1%. BJ’s Wholesale Club — Shares rose 9% after the warehouse club’s third-quarter adjusted earnings beat Street expectations. BJ’s also raised its full-year forecast. The company raised membership fees and announced a $1 billion stock buyback plan. PDD Holdings — Shares of the e-commerce giant that owns Temu fell 9.7%. PDD missed earnings and revenue expectations. —CNBC’s Sean Conlon, Yun Li and Michelle Fox contributed reporting.
Stocks with the biggest price changes at midday: NFLX, GOOGL, NVDA, BJ
