Stocks making the biggest moves midday: Pfizer, Palantir, Coinbase, Staar Surgical & more

a day ago

Check out some of the companies making the biggest moves midday: Staar Surgical — The implantable eye lens maker ripped 45% higher after agreeing to be bought by Alcon for $28 per share in cash, valuing Staar at about $1.5 billion. The deal is expected to close in the next six-to-12 months. DigitalOcean — The software stock rallied 27% on better-than-expected second quarter results. DigitalOcean also raised its full-year revenue and earnings guidance. Coinbase — The crypto exchange dropped more than 5% after selling $2 billion in convertible senior bonds. Lattice Semiconductor — The semiconductor maker surged 9.5% after second-quarter revenue came in at $124 million, topping the consensus forecast for $123.7 million from analysts polled by FactSet. Earnings per share, excluding one-time items, matched expectations for the quarter at 24 cents a share. UFP Technologies — The medical components manufacturer surged 11% after posting second-quarter adjusted earnings of $2.50 per share, better than the $2.25 per share estimated by analysts surveyed by FactSet. Revenue of $151.2 million revenue fell short of an expected $151.6 million. Palantir Technologies — The defense technology stock jumped 6.8% after quarterly revenue exceeded $1 billion for the first time and it raised full-year guidance. Palantir now anticipates revenue for the year to range between $4.142 billion and $4.150 billion, up from prior guidance of between $3.89 billion and $3.90 billion. Second-quarter earnings and revenue also topped expectations. Pfizer — The drugmaker rose 3.6% after raising its guidance in the wake of second-quarter earnings and revenue that both topped analysts' estimates. Pfizer now expects full-year adjusted earnings between $2.90 and $3.10 per share versus previous guidance of between $2.80 and $3 a share. Yum Brands — The KFC, Taco Bell and Pizza Hut parent dropped nearly 4% after second-quarter results missed expectations . Adjusted earnings of $1.44 per share were 2 cents below the LSEG consensus estimate, while revenue of $1.93 billion lagged the $1.94 billion expected by analysts. Eaton — The power management company dropped 6% after issuing weak third quarter guidance. Eaton anticipates adjusted earnings of $3.01 to $3.07 per share, while analysts polled by LSEG expected $3.09 per share. Second-quarter earnings and revenue topped expectations. BP — U.S.-listed shares of the U.K.-based oil producer, formerly British Petroleum, added 3% after BP's quarterly profit beat expectations . Dupont De Nemours — The chemical maker rose 3.3% after second-quarter adjusted earnings of $1.12 per share exceeded the $1.06 a share expected by analysts polled by LSEG. Revenue of $3.26 billion was above the $3.24 billion consensus estimate. Duke Energy — The Charlotte-based utility rose 1.1% after second-quarter adjusted earnings of $1.25 per share exceeded the $1.18 per share analysts surveyed by FactSet had penciled in. Duke Energy also reaffirmed its full-year adjusted earnings guidance of between $6.17 and $6.42 per share versus FactSet's consensus analyst estimate of $6.32. Lemonade — The insurance company soared 29% after issuing better-than-expected full-year guidance. Lemonade sees revenue between $710 million and $715 million, up from a prior forecast of $661 million to $663 million. Hims & Hers Health — The telehealth company pulled back 8% after second-quarter revenue of $545 million missed estimates from analysts polled by LSEG that called for $552 million. The company's forecast for third-quarter earnings before interest, taxes, depreciation and amortization, or EBITDA, of $60 million to $70 million also missed analysts' forecasts of $77 million. Axon Enterprise — The maker of tasers and other police products climbed 14% after second-quarter earnings beat Street expectations and it raised full-year financial guidance. Axon earned $2.12 per share, excluding one-time items, on $669 million in revenue, while analysts surveyed by FactSet had estimated $1.45 a share on $641 million in revenue. For the full year, Axon sees revenue ranging from $2.65 billion to $2.73 billion, up from an earlier outlook for $2.60 billion to $2.70 billion and analysts consensus estimate of $2.66 billion. Syndax Pharmaceuticals — Shares soared more than 16% after the biopharmaceutical company's second-quarter revenue beat analysts' expectations. Syndax also posted a narrower-than-expected loss per share. Gartner – The tech-focused advisory firm plunged nearly 30% after issuing disappointing guidance. For the full year, Gartner sees adjusted earnings of at least $11.75 per share and revenue of at least $6.455 billion. Analysts polled by FactSet were looking for $12.48 per share in earnings and $6.57 billion in revenue. — CNBC's Darla Mercado, Lisa Han and Alex Harring contributed reporting.

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You can now try Microsoft's Gaming Copilot AI assistant on PC

Engadget

4 minutes ago

Engadget

You can now try Microsoft's Gaming Copilot AI assistant on PC

Microsoft revealed that it was working on an AI chatbot specifically for gamers back in March, and now it's here for a test drive. The beta version of Gaming Copilot is available to Xbox Insiders on PC via the Game Bar functionality. It's also available to try on Windows-based handheld gaming devices, but the company says the functionality there is currently limited. A variant of this tool recently launched as a beta for mobile . This is kind of like an AI version of those old Nintendo phone help lines. The chat box appears as an overlay on the screen and players can use it to ask questions about the game they're playing. Microsoft says this tool has been designed to help players traverse obstacles and that it "knows what you're playing and understands your Xbox activity." The system uses in-game screenshots to make sure it's providing useful advice. With that in mind, Gaming Copilot can also offer suggestions about new games to buy and answer questions about system accounts. It allows for text-based and voice-based queries, assuming a microphone is connected. Microsoft says it'll be adding more features in the future, including "richer game assistance such as proactive coaching." The beta build of Gaming Copilot is only available in English at the moment, though it can be used in various regions including the US, New Zealand, Japan and Singapore.

Turner hits record $39B in backlog, buoyed by data center work

Yahoo

8 minutes ago

Yahoo

Turner hits record $39B in backlog, buoyed by data center work

This story was originally published on Construction Dive. To receive daily news and insights, subscribe to our free daily Construction Dive newsletter. New York City-based Turner Construction, the largest contractor in the U.S. by revenue, is having a very good year. The privately held company announced in a news release that its 2025 first half results included more than $39 billion in backlog, an increase of 21% from the same period last year and a record, according to the firm. Meanwhile, its revenue rose to $13.4 billion, a 44% leap from the first half of 2024. The firm's workforce now exceeds 14,000 people, according to the release. Though Turner has maintained its place as the top dog in construction for several years, it's gotten there not on the back of large-scale, multibillion-dollar heavy civil megaprojects, but instead by focusing largely on clients in the private sector or institutional settings, including in the data center, healthcare, education and sports and entertainment spaces. Indeed, a breakdown of its current backlog provides a roadmap to where private projects have held up, despite a more challenging interest rate environment. The company said these segments contributed to its backlog: $12.6 billion in data centers. $6.6 billion in healthcare. $4.1 billion in education. $3.5 billion in sports and entertainment. Turner, which is a subsidiary of Germany-based Hochtief, has recently made moves focused around the data center construction boom, including the purchase of Ireland's Dornan Engineering, which it completed earlier this year. The firm attributed its growth, in part, to that acquisition, which it said has enhanced its capacity to deliver complex, mission-critical projects while strengthening its position in key markets in Europe. The completion of the Dornan deal followed a leadership revamp at the firm late last year, when it reorganized its structure to stay abreast of the burgeoning data center and chip fab construction markets. 'Our ability to grow, deliver at scale and expand our workforce is rooted in the strength of our culture,' said Peter Davoren, chairman and CEO, in the release announcing its first half results. 'We have a workplace defined by active caring — where people can be at their best, be authentic, and be treated with respect and dignity. This enables us to attract and retain outstanding talent, and it's why Turner is consistently recognized as a great place to work. Recommended Reading Cash flow problems continue to plague subcontractors: report Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Two Chinese nationals in California accused of illegally shipping Nvidia AI chips to China

Yahoo

13 minutes ago

Yahoo

Two Chinese nationals in California accused of illegally shipping Nvidia AI chips to China

By Karen Freifeld (Reuters) -Two Chinese nationals in California were arrested and charged with illegally shipping tens of millions of dollars' worth of AI chips to China, including Nvidia H100s, the U.S. Justice Department said on Tuesday. Chuan Geng, 28, of Pasadena, and Shiwei Yang, 28, of El Monte, exported the advanced Nvidia chips and other technology to China from October 2022 through July 2025 without the required licenses from the U.S. Commerce Department, the Justice Department said, citing an affidavit filed with the complaint. According to the affidavit, Geng and Yang's El Monte-based company, ALX Solutions, was founded in 2022, shortly after the U.S. imposed sweeping export controls on technology to China to slow Beijing's military modernization and began to require licenses for the chips. China opposed the U.S. move as harming normal trade. Over 20 shipments from ALX went to shipping and freight forwarding companies in Singapore and Malaysia, which are often used as transshipment points for illegal goods to China, a federal agent, who works for the Commerce Department, said in the affidavit. ALX received a $1 million payment from a China-based company in January 2024 and other payments from companies in Hong Kong and China, not from the freight forwarding companies, the agent said. Nvidia H100s are advanced chips that can be used to train large language models and many other applications. Records show that from at least August 2023 to July 2024, ALX Solutions bought over 200 Nvidia H100 chips from San Jose, California-based server maker Super Micro Computer, declaring that the customers were in Singapore and Japan, the agent said. On one 2023 invoice valued at $28,453,855, ALX said the customer was in Singapore, but a U.S. export control officer in Singapore could not verify the chips arrived in the country and the company did not exist at the listed location, the document says. "This case demonstrates that smuggling is a nonstarter," a Nvidia spokesperson said in a statement. "We primarily sell our products to well-known help us ensure that all sales comply with U.S. export control rules." Diverted products have "no service, support or updates," the statement added. Super Micro said in a statement it was "firmly committed to compliance with all U.S. export control regulations." It said it did not comment on ongoing legal matters, but cooperated with authorities in any such proceedings. Geng and Yang appeared in federal court in Los Angeles on Monday, the Justice Department said. Geng, a permanent resident, was released on $250,000 bond. Yang, who overstayed her visa, has a detention hearing on August 12. Lawyers for the defendants did not respond to requests for comment.