Here are the stocks making headlines in midday trading. Advanced Micro Devices — The chip company surged more than 7% after Bernstein lifted its price target to $265 per share from $235. "We are warming to AMD as well as they benefit from server CPU strength," wrote analyst Stacy Rasgon in a Thursday report. The stock is on pace for a 12th straight winning session. Rasgon's team also raised their price target on Intel to $60 per share from $36 in the same report. Shares advanced nearly 5%. Abbott Laboratories — Shares tumbled nearly 7% as the company reported weak guidance for the second quarter. Abbott sees adjusted earnings for the current quarter ranging from $1.25 to $1.31 per share, compared with the FactSet consensus of $1.36 per share. The company also dialed back its full-year adjusted earnings guidance to reflect its acquisition of Exact Sciences, forecasting $5.38 to $5.58 per share and missing analysts' estimate of $5.60 per share. Aehr Test Systems — Shares of the test solutions provider for semiconductor devices surged 11%. Aehr announced it received a $41 million production order from one of its lead hyperscale artificial intelligence customers. Several AI-related optical stocks also rose in sympathy, including Lumentum , up almost 6%, and Coherent , up 3%. On Semiconductor — The chip stock popped 9%. Several Wall Street shops have rolled out bullish reports for On Semi just this week, with Bank of America hiking its price target to $85 per share from $70 and lifting its rating to buy from neutral. PepsiCo — The snack and beverage giant posted first-quarter results that beat analyst expectations, sending the stock 2% higher. PepsiCo earned an adjusted $1.61 per share on revenue of $19.44 billion. Analysts polled by LSEG expected a profit of $1.55 per share on revenue of $18.94 billion. Taiwan Semiconductor Manufacturing — The chipmaker slipped 3% despite posting an earnings and revenue beat for its first quarter. PPG Industries — The paint and coating manufacturing company advanced about 5% after announcing a global price increase of up to 20% across its portfolio. The company said that the price hike was already in progress. PPG cited volatility in the petrochemical, energy and transportation markets driving up costs in raw materials and packaging across its value chain as a catalyst for these price increases. Voyager Technologies — The space tech firm jumped 4% after NASA selected it for its seventh private astronaut mission to the International Space Station. The mission is expected to launch no earlier than 2028. SL Green Realty — Shares slipped more than 1% after the real estate investment trust reported first-quarter funds from operations of 84 cents per share, compared to $1.40 per share this time last year . Its net rental revenue of roughly $166 million exceeded the $144.5 million the firm reported in the first quarter of 2025, however. J.B. Hunt Transport Services — The transportation stock surged 8% after the company reported first-quarter earnings of $1.49 per share, beating the $1.44 per share FactSet consensus estimate. J.B. Hunt's operating revenue of $3.06 billion also exceeded the expected $2.96 billion. Transport company Old Dominion rose more than 5% in sympathy. Charles Schwab — The broker and financial services provider's first-quarter revenue of $6.48 billion fell short of the LSEG consensus estimate of $6.5 billion, sending shares 5% lower. Schwab's adjusted earnings, however, topped expectations. The company also said it would launch direct bitcoin and ether trading to compete with exchanges such as Robinhood. Flutter Entertainment — The parent of online gambling platform FanDuel dropped 4% after being downgraded at Citi to sell from buy. The firm said it has less conviction in Flutter's growth prospects in the U.S. U.S. Bancorp — The regional bank lost 1%. U.S. Bancorp reported first-quarter earnings that beat analyst estimates, but its net interest income and net interest margin fell short. The company's net interest income came in at $4.26 billion, versus the $4.27 billion expected from analysts polled by FactSet. U.S. Bancorp also reaffirmed its full-year guidance for revenue growth of 4% to 6% versus the prior year. — CNBC"s Lisa Kailai Han, Davis Giangiulio , 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.
