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See the companies making headlines at midday. EVgo — Shares soared nearly 61% after the electric vehicle charger company received a conditional $1.05 billion loan from the Department of Energy. JPMorgan also upgraded EVgo to overweight. Analyst Bill Peterson highlighted EVgo’s take rate compared to its peers as well as its owner-operator model. Hims & Hers Health — The health and wellness platform saw its shares plunge 9.6% after the U.S. Food and Drug Administration declared shortages of popular weight loss drugs Zepbound and Mounjaro by Eli Lilly had been resolved. Hims & Her Health had already developed compounded versions of drugs to take advantage of the shortage. Joby Aviation – Shares fell more than 8%, paring gains made in the previous session. On Wednesday, Joby soared nearly 28% after Toyota announced it would invest $500 million in the company to support certification and production of its electric air taxi. Levi Strauss – The stock fell more than 7% after the jeans maker lowered its full-year revenue forecast and reported weaker-than-expected third-quarter revenue. Levi is also considering selling its Dockers business, which the company says has been underperforming. Wolfspeed – Shares fell 5.9% after Mizuho lowered the semiconductor maker’s rating from neutral to an underperform rating. The company expects global sales of electric vehicles to slow over the next two years and cited growing competition from China as another obstacle. Nvidia – The chipmaker rose more than 3% after CEO Jensen Huang told CNBC’s “Closing Bell: Overtime” Wednesday that the company was seeing “insane” demand for its new intelligence chips artificial Blackwell. The chief executive also said Blackwell was in “full production” and shipments were on schedule in the fourth quarter. Stellantis – Shares fell around 4%, hitting a new 52-week low during the session, following an equal-weight downgrade from overweight Barclays. Analyst Henning Cosman said the company was “wrong-footed” on the stock because it was “too slow to recognize its U.S. inventory problem and erosion of market share between ‘EU and the United States’. Palantir Technologies – The software stock rose more than 4%, adding to gains seen in the previous session. Palantir recently announced its partnership with Edgescale AI to provide Live Edge, a platform that will use artificial intelligence for manufacturing, utilities and other areas. Utility Stocks – Shares of electricity providers Vistra and Constellation Energy jumped more than 5% and 4%, respectively, after Google CEO Sundar Pichai said in a Nikkei interview that the utility giant the technology planned to use electricity from nuclear power plants for its data centers. Investors view Vistra and Constellation as key proponents of data center growth for the tech companies’ development of artificial intelligence technologies. — CNBC’s Yun Li, Lisa Kailai Han and Hakyung Kim contributed reporting.
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