In midday trading, several companies made headlines. Intel’s shares fell 4.2% despite an earlier rise due to reports of manufacturing tests with Nvidia and Broadcom, signaling potential contracts. Shares of Chinese electric vehicle brands like Xpeng, Nio, and Li Auto dropped following their delivery reports. Nvidia’s stock decreased by 8.7% after a report indicated Chinese buyers were circumventing U.S. export controls to purchase its chips. Cryptocurrency-related stocks such as Mara Holdings, MicroStrategy, and Coinbase also closed lower despite initial gains after President Trump’s mention of a strategic crypto reserve. SanDisk’s shares increased by 7.4% after Morgan Stanley initiated coverage with an overweight rating. Allegro MicroSystems surged 14.9% on takeover interest from ON Semiconductor, whose shares fell 4.6%. AppLovin rose 3.6% following a regulatory filing about share repurchases. Capri Holdings climbed 3.9% amid reports of Prada’s interest in buying Versace. Chipotle Mexican Grill gained 0.7% after an upgrade by Morgan Stanley. Aurora Innovation dropped 4.5% despite an earlier rise after being initiated at an overweight rating by Morgan Stanley. Thor Industries edged up 0.3% after an upgrade by Bank of America. — news from CNBC
