Here are the companies making headlines in midday trading. Nvidia — Shares of the chip giant popped about 1% as investors plowed money back into tech stocks. Nvidia is on pace for an 11th consecutive winning session, its longest stretch of daily gains on record. Caterpillar — Shares of the manufacturer of construction equipment dropped about 5%. Late Tuesday, Bloomberg reported , citing people familiar with the matter, that Caterpillar had acquired Monarch Tractor, a self-driving electric tractor company. Nike — The sneakers manufacturer's stock advanced more than 3% after the disclosure of key insider buying. CEO Elliott Hill disclosed the purchase of more than 23,000 shares, valued at about $1 million, while director Tim Cook snapped up 25,000 shares for $1.1 million. American Eagle Outfitters — The teen apparel retailer's shares jumped more than 6% as the company kicked off its summer campaign with actress Sydney Sweeney, dubbed "Syd for Short: American Eagle Jean Shorts." DoorDash — Shares popped 8% after Barclays called out DoorDash as a near-term beneficiary of autonomous food delivery technology. "In our view, DoorDash is the clear leader in autonomous food-delivery deployment," the firm wrote, noting that DoorDash is also building in-house solutions that will position it ahead of its peers in the space. Shares of Maplebear , parent of Instacart, added nearly 4% in sympathy. Uber Technologies — The ride-hailing company's stock jumped more than 5%. The surge occurred on the heels of a Financial Times report that said Uber has earmarked more than $10 billion for buying thousands of autonomous vehicles and taking stakes in their developers. Bank of America — The stock gained about 2% after the banking giant posted better-than-expected results for the first quarter . Bank of America earned $1.11 per share on revenue of $30.43 billion. Analysts expected a profit of $1.01 per share on revenue of $29.93 billion. The bank's strong results were bolstered by its equity sales and trading unit. Broadcom — The chipmaker's stock jumped almost 2% after the company announced with Meta Platforms a plan to deliver 1 gigawatt of custom chips , with further plans to deliver multiple gigawatts in the future using Broadcom's technology. Broadcom CEO Hock Tan also said he'd be stepping down from Meta's board. Meta shares last traded up 2%. Morgan Stanley — The bank's stock jumped 4% after the company reported a revenue and earnings beat in its first-quarter report as trading revenues exceeded expectations. Morgan Stanley delivered $3.43 in earnings per share and $20.58 billion in revenue. That was higher than the $3 in earnings per share and $19.72 billion in revenue that analysts were expecting, according to LSEG. Snap — Shares popped more than 5% after the Snapchat parent announced plans to lay off up to 16% of its workforce. The company said it's trying to reallocate resources toward growing net income profitability, among other initiatives. Gitlab — The software company's stock rose more than 6% after Gitlab announced an expanded partnership with Google where its artificial intelligence offerings will now be offered through Google Cloud. Gitlab's stock is down more than 43% in 2026 on fears AI will disrupt software companies' business models. Robinhood , Webull — Shares of the financial services platforms jumped on news that the Securities and Exchange Commission will end limits on day-trading for smaller, retail investors. Robinhood was up more than 8%, while Webull jumped 9%. PNC Financial — The regional bank's stock advanced 1% after the company delivered its first-quarter report, which had an earnings beat but a revenue miss after its acquisition of FirstBank. PNC reported earnings per share of $4.13 and revenues of $6.17 billion. Consensus expectations were for $3.93 in earnings per share and $6.24 billion in revenue, according to analysts polled by FactSet. Memory stocks — A slew of names fell Wednesday as investors took their foot off the gas of a big rally in the last 10 trading sessions. Sandisk shares fell more than 7%, while Western Digital shares lost 3%. Seagate Technology shares dropped 5%. Micron Technology stock fell 6% after an insider sold 24,000 shares worth a total $10.1 million, according to an SEC filing . — CNBC's Fred Imbert and Nick Wells contributed reporting. Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of 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're starting from, you'll leave with clearer thinking, stronger strategies. Enter your email here to get a discount code.
