Here we will introduce companies that have become a hot topic in intraday trading. Micron Technology — Shares soared nearly 18% to new highs, pushing the company’s market cap to $1 trillion. UBS raised its price target on the stock to $1,625 from $535, suggesting the stock could more than double from Friday’s closing price. The stock price has increased over 800% in the past 12 months. Semiconductors — Chip stocks rose on Tuesday, with the VanEck Semiconductor ETF (SMH) rising more than 3% to a new 52-week high. On Semiconductor’s stock rose nearly 9%, and Western Digital’s stock also rose. Advanced Micro Devices shares rose 6%. OKLO — Shares rose 6% after the Department of Energy announced it had selected Oklo for advanced discussions on using Cold War-era plutonium as fuel for nuclear reactors. Oklo announced it would work with European nuclear reactor developer Nucleo to produce the fuel. Modine Manufacturing — Shares rose 16% after the maker of HVAC components announced it had reached a $4 billion deal through 2029 with one of its strategic data center customers. The company will provide this customer with Airedale by Modine cooling solutions. QUALCOMM — The chipmaker’s stock rose 3% after Bloomberg reported that Qualcomm had reached an agreement with TikTok owner ByteDance to supply the company with chips for artificial intelligence data centers. AutoZone — AutoZone stock fell more than 10% after CEO Phil Daniele said the auto parts distributor’s international sales faced challenges in the latest quarter, even though domestic sales remained strong. The company’s third-quarter revenue was $4.84 billion, below the FactSet consensus estimate of $4.86 billion. Quarterly earnings were $38.07 per share, beating estimates of $36.22 per share. Eli Lilly — Pharmaceutical stocks rose 1% after Eli Lilly announced the acquisition of Curevo, LimmaTech Biologics AG and Vaccine Company to build out its infectious disease portfolio. FERRARI — The Italian luxury carmaker’s U.S.-listed shares fell nearly 6% after Ferrari launched its first fully electric car called Luce at a venue in Rome. Lear Corp — Shares rose 2%. TD Cowen upgraded Lear to hold buy, saying the auto parts supplier is “well positioned” for North American auto production and that the investment bank expects a better-than-expected performance. Space stocks — Space stocks rose, with Intuitive Machines stock up 14% and AST SpaceMobile stock up 19%. Cantor Fitzgerald is bullish on the group, citing the U.S. Space Force’s $90 million contract to Rocket Lab for two geospatial satellites and Intuitive Machines, reaffirming its guidance for the fiscal year, and saying it expects a contract decision on the lunar topography probe later this week. Rocket Lab was last up over 5%. —CNBC’s Nick Wells and Darla Mercado contributed reporting. Markets change and headlines fade, but the fundamental principles of building long-term wealth remain the same. Join us for the third annual CNBC Pro LIVE. Investors from all backgrounds, from financial professionals to everyday individuals, come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you start, you’ll leave with clearer thinking and a stronger strategy. Enter your email address here to get your discount code.
