Check out the companies making the biggest moves in intraday trading: Texas Pacific Land — Shares of Texas Pacific Land rose 8% after the large Texas landowner signed a deal with Bolt Data & Energy to develop a large data center campus on property owned by Texas Pacific Land. JABIR — The electronics company fell about 2%, but its stock initially rose about 5% after announcing a positive outlook. Jabir said the company is benefiting from the demand for AI data centers. Year-to-date, Jabiru stock is up more than 45%. ORACLE — Shares of the cloud computing giant fell about 6% after a report in the Financial Times said Blue Owl would not support Oracle’s plan to build a $10 billion data center in Michigan. Coursera, Udemy — The online learning platform’s stock soared after Coursera agreed to acquire Udemy. The transaction values the combined company at $2.5 billion. Udemy shareholders will receive 0.8 Coursera shares for each share. Coursera stock rose 3% and Udemy stock rose 21%. 8Hut — Crypto mining and energy stocks soared 11% after the company announced it would partner with Anthropic and Fluidstack to develop infrastructure for AI. Brown-Forman — Brown-Forman, the parent company of spirits brands such as Jack Daniel’s and Woodford Reserve, fell nearly 5% after its stock was downgraded from neutral to sell by Citigroup. The company said the stock’s recent outperformance was overdone given the challenges in the category. Brown-Forman shares are down nearly 24% since the beginning of the year, but have risen about 6% in the past three months. Dbv Technologies — The French drugmaker’s U.S.-listed shares soared more than 20% after the company announced positive results in a Phase 3 trial of its peanut allergy treatment in children ages 4 to 7. Warner Bros. Discovery, Netflix, Paramount Skydance — Warner Bros. Discovery’s board of directors unanimously recommended that shareholders reject Paramount Skydance’s tender offer and stick with Netflix’s offer, which they called “superior.” Netflix stock rose 2%. Warner fell 1%, Paramount fell 5% Lennar — The homebuilder fell 5% after first-quarter guidance disappointed investors. Mr. Lennar expects delivery numbers to be between 17,000 and 18,000 in the quarter, with homebuilding gross margins between 15% and 16%, lower than analysts expected, according to Street Accounts. However, fourth quarter sales exceeded expectations. Frontier Group — The airliner rose 3% after Bloomberg News reported it was in merger talks with Spirit Aviation. Spirit’s stock price rose 15%. General Mills — The food company known for Cheerios and other popular brands rose 3% after its latest earnings report. The company beat expectations in the second quarter with adjusted earnings of $1.10 per share and sales of $4.86 billion. Analyst estimates compiled by LSEG were for earnings of $1.03 per share and revenue of $4.78 billion. Lithium stocks — Lithium prices soared in China and mining company stocks rose after the Chinese government announced plans to cancel mining permits. Albemarle and Sociedad Quimica y Minera de Chile each rose about 5%. Argentina lithium rose 4%. Recursion Pharmaceuticals — The clinical-stage tech-bio company soared about 16% after JPMorgan upgraded it from neutral to overweight. The company cited Recursion’s artificial intelligence pipeline in its call. He also raised his price target to $11 per share, implying an upside of 162% from Tuesday’s closing price. —CNBC’s Michelle Fox, Fred Imbert and Sarah Ming contributed reporting.
