Stocks making the biggest moves midday: ORCL, CHWY, AVGO, GME
Check out the companies making the biggest moves midday: Oracle — The stock surged 39% after Oracle reported that multicloud database revenue from Amazon, Google and Microsoft grew at the rate of 1,529% in its last quarter. That helped investors look past fiscal first-quarter earnings and revenue from the company that came in weaker than expectations. Chewy — The pets products online retailer fell 16% after it reporter a steep year-over-year drop in earnings. The company earnings 14 cents per share on a GAAP basis, well below the 68 cents per share from the year prior. Second-quarter adjusted EBITDA of $183.3 million did exceed a FactSet estimate of $182.1 million. Broadcom — The chipmaker jumped more than 9% as traders bet Oracle’s blockbuster guidance signals strong growth ahead for Broadcom. Joby Aviation — Shares rose 1% after Uber said it will launch Blade helicopter rides in 2026 thanks to an expanded partnership with Joby. Trade Desk — The advertising technology stock fell 8.8% on the back of Morgan Stanley’s downgrade to equal weight from overweight. Morgan Stanley said concerns around execution and competition weigh on the forward outlook. GameStop — The meme stock climbed more than 5% after GameStop reported second-quarter earnings came in at 25 cents per share, excluding items, on revenue of $972.2 million. Its bitcoin holdings were valued at $528.6 million at the close of the quarter. Bill Holdings — Shares gained 3% after Reuters , citing sources familiar, said activist investor Starboard Value has nominated four directors, including one of its partners, to the board of Bill Holdings. Taiwan Semiconductor Manufacturing — The chipmaker rose more than 4% after it reported August revenue of NT$335.77 billion, a 33.8% increase year over year. Rubrik — The cloud data stock fell 14% even after the company posted a second-quarter adjusted loss of 3 cents per share, narrower than the loss of 4 cents per share penciled in by analysts polled by LSEG. Rubrik’s $310 million in revenue also beat the estimated $282 million. Synopsys — Shares tumbled 35% after the semiconductor tool supplier posted disappointing fiscal third-quarter results. Synopsys earned $3.39 per share on revenue of $1.74 billion. Analysts polled by LSEG had expected earnings of $3.74 per share on $1.77 billion in revenue. — CNBC’s Sarah Min, Alex Harring and Michelle Fox contributed reporting. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
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