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US Top News and Analysis | Stocks making the biggest moves midday: Micron Technology, AutoZone, Qualcomm, Oklo & more

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Midday trading saw several notable moves: Micron Technology surged nearly 18%, hitting a new high and pushing its market value to $1 trillion, while UBS lifted its price target from $535 to $1,625, reflecting an 800% gain over the past year. Semiconductor stocks rallied, with the VanEck Semiconductor ETF up >3% to a 52‑week high, On Semiconductor and Western Digital each gaining about 9%, and AMD rising 6%. Nuclear‑tech firm Oklo climbed 6% after the Department of Energy selected it for discussions on using Cold‑War‑era plutonium as reactor fuel, partnering with European developer Newcleo. Modine Manufacturing jumped 16% after securing a $4 billion agreement through 2029 to supply HVAC cooling solutions to a major data‑center client. Qualcomm rose 3% following reports of a chip supply deal with TikTok owner ByteDance for AI data‑center needs. AutoZone fell over 10% as CEO Phil Daniele cited weak international sales despite solid domestic performance; the company posted Q3 revenue of $4.84 billion, slightly below estimates, though earnings beat expectations. Eli Lilly gained 1% after announcing acquisitions of Curevo, LimmaTech Biologics, and a vaccine company to expand its infectious‑disease portfolio. Ferrari’s U.S.-listed shares dropped nearly 6% after unveiling its first fully electric vehicle, Luce, in Rome. Lear Corp rose 2% after TD Cowen upgraded it to “buy,” citing strong positioning in North‑American auto production. Space stocks rallied, with Intuitive Machines up 14% and AST SpaceMobile up 19% after Cantor Fitzgerald highlighted a $90 million Rocket Lab contract with the U.S. Space Force and anticipated lunar‑vehicle contract decisions.

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