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See the companies making headlines at midday. Chinese stocks – Shares of U.S.-listed Chinese companies fell after Beijing’s economic planning agency failed to announce major new stimulus plans. Online video company Bilibili fell 13%, while automaker Nio and Temu’s parent PDD fell around 8% and 5%. E-commerce companies JD.com and Alibaba were both down about 8% and 7%. Las Vegas Sands, Wynn Resorts – The casino operators, both of which have ties to China through their Macau resorts, fell more than 2% and 3%, respectively, after the country disclosed no new stimulus measure. DocuSign – The electronic signatures company rose 7% following the announcement that it plans to replace MDU Resources in the S&P MidCap 400 Index on Friday. Super Micro Computer — Shares of the computer server company fell more than 5%. Super Micro surged a day earlier after the company said it had supplied more than 100,000 graphics processing units to “some of the largest AI factories ever built.” Nvidia — The artificial intelligence darling climbed more than 4%. Foxconn Chairman Young Liu told CNBC that the artificial intelligence boom “still has a long way to go.” He added that demand for Foxconn servers based on Nvidia’s upcoming Blackwell AI chip is “much better than we thought.” Humana — Shares jumped 3% after Bernstein upgraded the struggling health insurance company to outperform, although it significantly lowered its price target. The firm considers the risks to the stock to be priced in with expectations and believes Humana is now an “attractive investment.” Roblox — Shares fell 2% after Hindenburg Research disclosed a short position in the gaming platform, alleging the company inflated metrics. Roblox has rejected these claims, calling them “misleading.” Sphere Entertainment — The live entertainment and media company fell 3% after Sphere announced that Chief Financial Officer David Byrnes would leave the company. The firm said Byrnes would remain in his current role for an interim period to ease the transition. Waters Corp — Shares of the laboratory equipment supplier rose 3% on an upgrade from Jefferies to buy from hold. Jefferies said there was a super product replacement cycle underway. Affirm — The Buy Now, Pay Later company grew more than 6%. BTIG upgraded Affirm to Buy, with analyst Vincent Caintic praising the company’s growth compared to traditional payments companies like American Express. — CNBC’s Michelle Fox, Hakyung Kim, Pia Singh, Sean Conlon and Alex Harring contributed to this report
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