Check out the companies making the biggest moves at noon: Ares Management — The private equity firm rose more than 6% after better-than-expected third-quarter profits. Ares reported realized after-tax earnings of $1.19 per share, beating FactSet’s estimate of $1.15 per share. The stock hit its highest since April 9, when it jumped 15.5%. Adair — The technology licensing company fell 17% after suing AMD for patent infringement related to semiconductor technology. “For many years, AMD’s products have incorporated and extensively utilized Adeia’s patented semiconductor innovations, which have contributed significantly to our success as a market leader. Following our long-term efforts to reach a mutually agreeable resolution without litigation, we believe this action was necessary to protect our intellectual property from AMD’s continued misappropriation,” Adeia CEO Paul Davis said in a statement. Kontoor Brands — The outdoor apparel maker fell 8% after its fourth-quarter revenue guidance fell short of expectations. The company expects fourth-quarter earnings to be around $1.64 per share, while analysts expect earnings of $1.68 per share, according to FactSet. Shutterstock — The stock photo provider fell 10% as British regulators moved to launch a Phase 2 investigation into its $3.7 billion merger with Getty Images. Amkor Technology — The semiconductor packaging and testing services company rose 15% after it announced it would reduce the size of its board of directors, with John Liu resigning from the board and replacing him as executive vice president of corporate development and strategy. Amazon — Amazon stock rose about 4.4% after ChatGPT maker OpenAI signed a $38 billion deal with its cloud business, Amazon Web Services. It also said it would immediately leverage hundreds of thousands of Nvidia graphics processing units, with plans to expand capacity over the next few years. EILEN — The data center company rose 6.7% after reaching a deal with Microsoft to provide software and cloud computing providers with access to Nvidia GB300 GPUs for $9.7 billion over five years. Semiconductor maker — Iren’s nearly $10 billion deal to access Nvidia chips gave the group a boost and boosted investor sentiment for semiconductor demand. Nvidia rose 3.8%, helped by Microsoft’s U.S. approval to ship Nvidia chips to the United Arab Emirates. Micron Technology rose 5.6%. KEMBUE — The Tylenol and Band-Aid maker rose 15% after it agreed to be acquired by Kimberly-Clark for $48.7 billion in cash and stock in a deal expected to close in the second half of 2026. Cipher Mining — a developer of data centers for Bitcoin mining and artificial intelligence, posted better-than-expected third-quarter results and soared 13%. Cipher’s loss was a lower-than-expected 1 cent, beating the 4-cent loss expected by analysts surveyed by FactSet. Revenue was $71.7 million, below the consensus estimate of $77.8 million. Idexx Laboratories — The veterinary services stock rose 13% after third-quarter sales of $1.11 billion beat the $1.07 billion expected by analysts surveyed by FactSet. Idexx also raised its full-year earnings and revenue guidance. FreshPet — The pet food company posted third-quarter adjusted earnings before interest, taxes, amortization, and amortization of $54.6 million, beating the $53 million estimate of analysts surveyed by FactSet and rising 13%. Revenue was $288.8 million, beating consensus estimates of $283.7 million. Beyond Meat – Shares of the alternative meat company, which became a meme stock in October, fell 12% after the company said it would delay reporting earnings as it worked to calculate non-cash impairment charges. Palantir — Shares of the data software platform developer rose 2% ahead of its third-quarter results, which are scheduled to be released after the close of trading on Monday. Cisco Systems — The networking hardware and communications equipment maker rose more than 1% after UBS upgraded the stock from neutral to buy, citing a “multi-year growth cycle driven by AI infrastructure demand, large campus refresh cycles, and security momentum.” — CNBC’s Sarah Ming, Sean Conlon, Liz Napolitano, Scott Schnipper, Lisa Han, Michelle Fox Theobald, Spencer Kimball and John Meloy contributed reporting.
