SK Hynix IncSK Hynix shares sank more than 15% in their worst day ever amid broad weakness in memory and chip stocks.
Several stocks made significant moves in midday trading. Braiin surged 62% after launching Aria, an AI agent for the real estate industry, with its CEO citing a scalable software opportunity in a market forecast to reach $32 billion by 2033. AppLovin tumbled 12%, making it the worst-performing S&P 500 member and on pace for its sixth daily loss in seven sessions. Biogen added nearly 2% after Truist upgraded the stock to buy from hold, citing potential upside from upcoming drug trial data. U.S.-listed shares of Nio rose 3% after Goldman Sachs upgraded the stock to buy from neutral, setting a $7 price target that implies 46% upside. SpaceX fell nearly 4% to a fresh post-IPO low, approaching its $135 offering price, despite the FAA clearing the way for a flight test. U.S.-listed shares of SK Hynix tumbled 8% after their Nasdaq debut, while Seoul-listed shares sank more than 15% in their worst day ever. Memory and chip stocks were under pressure, with the Roundhill Memory ETF down 9% and the iShares Semiconductor ETF off 4%. MGM Resorts International rose more than 1% after reports of private buyout talks with Barry Diller. Energy stocks gained as oil prices rose over 4% following President Trump's reinstatement of a blockade on Iranian ships, with Valero Energy up 4% and ConocoPhillips up nearly 3%. Shopify and Deckers Outdoor Group both rose about 2% after Jefferies upgraded them to buy.
SK Hynix IncSK Hynix shares sank more than 15% in their worst day ever amid broad weakness in memory and chip stocks.
Intel Corporation
Micron Technology Inc
Sandisk Corp
Applovin CorpAppLovin tumbled 12%, making it the worst-performing S&P 500 member and on pace for its sixth daily loss in seven sessions.
Braiin Limited Common StockBraiin surged 62% after launching Aria, an AI agent for the real estate industry, with a scalable software opportunity.
Advanced Micro Devices Inc
Shopify IncShopify rose about 2% after Jefferies upgraded it to buy.
CCC Intelligent Solutions Holdings Inc.
Western Digital Corporation
MGM Resorts InternationalMGM Resorts International rose more than 1% after reports of private buyout talks with Barry Diller.
Deckers Outdoor Corporation
Space Exploration Technologies Corp. Class A Common StockSpaceX fell nearly 4% to a fresh post-IPO low, approaching its $135 offering price, despite the FAA clearing the way for a flight test.
Virgin Galactic Holdings Inc
Biogen IncBiogen added nearly 2% after Truist upgraded the stock to buy from hold, citing potential upside from upcoming drug trial data.
NIO IncGoldman Sachs upgraded Nio to buy from neutral with a $7 price target, implying 46% upside.
Valero Energy CorporationOil prices rose over 4% after President Trump reinstated a blockade on Iranian ships, benefiting energy stocks like Valero.
Fastenal Company
People Incorporated
Exxon Mobil Corp