Here are some of the stocks making the biggest moves in midday trading. Software stocks – The iShares Expanded Tech-Software Sector ETF (IGV) jumped more than 2% as investors snapped up shares of companies that were previously battered by artificial intelligence fears. Salesforce advanced 5%, while Microsoft and Oracle added 1% each. Expedia , Booking Holdings — The travel website operators were both higher. The Information reported that OpenAI is scaling back its plans for direct shopping within ChatGPT, allaying fears that booking sites were next in line for disruption. Expedia advanced nearly 11%, while Booking gained about 8%. United Airlines , Delta Air Lines — Shares of the air carriers tumbled 7% as oil prices resumed their ascent. Southwest Airlines shares were last down more than 6%. West Texas Intermediate crude oil futures surged more than 6%, topping $79 a barrel after Iran said it attacked a tanker. Jet fuel is a petroleum distillate. Victoria's Secret — The lingerie and clothing retailer slumped 15% after saying free cash flow in the year ending January 2027 would total $220 million to $250 million against analysts' consensus estimate of $301.9 million, according to FactSet data. Grocery Outlet Holding — The retailer plunged more than 23% after fourth quarter earnings per share and same-store sales, and full year revenue and EPS, all missed analyst estimates, according to FactSet. Grocery Outlet also said it would close 36 underperforming stores, and three Wall Street firms downgraded the stock in reaction. BJ's Wholesale Club — The warehouse giant shed nearly 4% after its full-year guidance fell short of expectations. BJ's Wholesale anticipates adjusted earnings between $4.40 per share and $4.60 per share, versus the $4.66 a share consensus estimate, per FactSet. Its fourth-quarter earnings and revenue, however, beat expectations. Trade Desk — Shares popped 19% following a report from The Information that said OpenAI had early talks with Trade Desk to sell ads. Broadcom — The heavyweight chipmaker jumped 4% after reporting strong results for its fiscal first quarter , including revenue that grew 29% year over year. The company's adjusted earnings per share of $2.05 and revenue of $19.31 billion came out higher than analysts' expectations of $2.03 per share in earnings and $19.18 billion in revenue, per LSEG. Revenue guidance for the current quarter also surpassed estimates. Okta — Okta beat Wall Street's fourth-quarter expectations , leading shares of the identity security provider to add 10%. Okta reported adjusted earnings of 90 cents per share on $761 million in revenue, exceeding analysts' estimate of 85 cents per share in earnings and $749 million in revenue for the period, per LSEG. ChargePoint – The provider of electric vehicle charging stations saw shares fall 10%. ChargePoint said that revenue in the first quarter would range from $90 million to $100 million, missing the FactSet consensus call for $104.5 million. Veeva Systems — The cloud solutions provider reported higher-than-expected results for its fourth quarter, sending shares 2% higher. Veeva Systems posted earnings of $2.06 per share, on an adjusted basis, which was higher than analysts' estimate of $1.93 per share, according to LSEG. The company's revenue of $836 million also beat the $811 million consensus expectation. StubHub — Shares of the secondary ticketing marketplace tumbled 13%. Fourth-quarter revenue of $449 million fell short of the LSEG consensus estimate of $484 million. The company's adjusted earnings before interest, taxes, depreciation, and amortization came in at $62.7 million, roughly in line with estimates. Rigetti Computing — The quantum computing stock lost about 9%. Adjusted losses of 3 cents a share were in line with the FactSet consensus, while revenue of $1.9 million missed estimates for $2.3 million. American Eagle — The clothing retailer's stock fell 14%. Though, American Eagle beat fourth-quarter earnings and revenue expectations, the company called out margin pressure tied to tariffs. Astera Labs — The chip manufacturer rose more than nearly 6% after Loop Capital called for the stock to more than double from current levels. "ALAB has opportunity across essentially all Gen AI silicon flavors (GPU, Tranium, TPU and the other XPUs) with solutions that address the most critical 'pain points' inside the AI Server & Cluster experience," said the research firm. Burlington Stores — The retailer jumped 5% after delivering an earnings and revenue beat in its fourth-quarter report Thursday morning. Guidance for both the current quarter and the full-year were broadly in-line with expectations, according to FactSet, and the company said in a press release it believes there is upside for its projections Ciena — Shares fell 18%. While the company's fiscal first-quarter earnings and revenue surpassed expectations, Wall Street appeared unimpressed with its guidance. Ciena is calling for full-year revenue of $5.9 billion to $6.3 billion, while the FactSet consensus estimated $5.97 billion. Shares have soared 273% amid excitement over artificial intelligence. Berkshire Hathaway — Class B shares popped more than 2% after the conglomerate said in a filing it is buying back shares for the first time since 2024. CEO Greg Abel also disclosed he purchased $15 million worth of stock. — CNBC's Fred Imbert, Davis Giangiulio, Liz Napolitano, Scott Schnipper, Nick Wells and Darla Mercado contributed reporting.
