Check out the companies making the biggest moves in midday trading: Sandisk , Micron — Memory stocks were trading higher after Melius Research highlighted the group and said the artificial intelligence cycle should keep demand high for memory through the end of the decade. The analysts said that investors will likely be willing to pay more for the sector as they come to realize the stocks aren’t as cyclical as they were in the past. Micron shares jumped 5%, while Sandisk added more than 7%. Lionsgate Studios — The movie studio’s stock jumped around 4% after a strong box office showing for “Michael,” a biopic about pop star Michael Jackson. The film garnered $97 million in U.S. ticket sales in its opening weekend and $217 million globally, according to estimates released Sunday. The results were $30 million higher than expected, and would be the best sales for a biographical film ever. Verizon — The telecommunications giant added about 3% after its latest financial results. First-quarter adjusted earnings came in at $1.28 per share, beating the $1.20 a share expected from analysts polled by LSEG. Verizon also raised its full-year guidance for adjusted earnings to between $4.95 and $4.99 per share, up from $4.90 to $4.95 a share. GE Vernova — The energy equipment manufacturer slid 3%. BNP Paribas Exane downgraded GE Vernova to neutral from outperform, according to StreetAccount. The company last week reported first-quarter revenue of $9.34 billion, surpassing the FactSet consensus of $9.25 billion. Shares have seen a 70% surge in 2026. Snap — The maker of social media app Snapchat saw shares jump almost 9% on the heels of Rothschild & Co Redburn upgrading shares to buy. The firm lifted its price target to $10 from $5, suggesting upside of nearly 77% from Friday’s close. Snap’s subscriptions business “is thriving, driving high-margin incremental revenues that have offset losses elsewhere,” the firm wrote. SkyWater Technology — The semiconductor engineering and fabrication foundry fell more than 7%. SkyWater said postmarket Friday it received a second request from the Federal Trade Commission for additional information in connection with its planned acquisition of IonQ . IonQ’s stock fell nearly 3%. Advanced Micro Devices – The chipmaker fell 4% after Northland Capital Markets downgraded its rating on the stock to market perform from outperform. Analyst Gus Richard explained competitors like Intel are catching up to the company, and that AMD will likely need to spend more on research and development to stay ahead. POET Technologies — The designer of integrated optical engines and light sources for AI networks plunged 48% after saying Celestial AI, a unit of Marvell Semiconductor, canceled all purchase orders. Marvell said POET disclosed “information related to the Purchase Order and shipping information in contravention of its confidentiality obligations,” a POET statement said . Oruka Therapeutics — The Silicon Valley-based biotech jumped 16% after reporting positive interim results in its Everlast-A Phase 2a trial of a monoclonal antibody treatment for moderate to severe plaque psoriasis. Domino’s Pizza — The pizza chain’s stock fell 9% after the company’s U.S. sales for the first quarter came short of expectations. Domino’s saw U.S. same-store sales grow 0.9% in the period, while analysts on average had penciled in growth of 2.3%, according to StreetAccount. For 2026, Domino’s expects same-store sales to rise at a low-single digit pace in both the U.S. and international. Previously, it predicted a gain of 3% in the U.S. and a 1% to 2% gain internationally. Organon — The healthcare company jumped 17% after it announced Indian drugmaker Sun Pharmaceutical Industries was acquiring it. Organon, which in 2021 was spun off from Merck , said that the transaction provides immediate and compelling value to shareholders. Qualcomm , Apple — The chipmaker’s stock was slightly higher on the day after surging at the market’s open. TF International Securities analyst Ming-Chi Kuo said in a post on X that OpenAI is working with Qualcomm to develop smartphone processors. Apple, the iPhone maker, slipped 1.7% on the report of a potential new competitor. — CNBC’s Scott Schnipper, Darla Mercado, Michelle Fox and Fred Imbert contributed reporting.
