Check out some of the companies making the biggest moves at noon: SpaceX — The rocket maker fell more than 3% Wednesday after surging nearly 50% in its first three days as a public company since its $135-per-share IPO last Friday. Bank stocks — The 15-year-old Invesco KBW Bank ETF (KBWB) has hit a new all-time high as the bull market spreads to former laggards. JPMorgan, Bank of America, Goldman Sachs and Morgan Stanley all set new intraday records, while Citigroup hit its highest in years. CarMax — Shares fell 7% after first-quarter earnings and sales beat street expectations. CarMax reported earnings of $1.31 per share, well above the 95 cents per share expected by analysts compiled by LSEG, but the stock has rebounded since before the report was released and is still up 31% in the past month. AST SpaceMobile — Shares rose 2% after AST announced Wednesday it successfully launched three new satellites into orbit to continue building cellular broadband networks in space. A SpaceX Falcon 9 rocket was used for the launch. La-Z-Boy — The furniture maker soared 19% after announcing that its fiscal fourth quarter retail sales rose 11% year-over-year. Adjusted operating margin was 9.9%, an increase of 50 basis points from the prior year. Aehr Test Systems – The semiconductor test company rose 12% after announcing it had received a follow-on production order from a major silicon photonics customer. The order is for a fully automated wafer-level burn-in system and is expected to be delivered within the next six months. Lionsgate Studios — The media company fell more than 6% after Netflix denied reports it was interested in acquiring Lionsgate. Lionsgate soared nearly 14% on Tuesday amid reports of a possible merger. Netflix fell 1% on Wednesday. Chipmakers — Several semiconductor companies rallied after Tuesday’s selloff as investors returned to this year’s winners. Intel rose about 4% after the company announced that its Intel 18A-P chips met internal schedules and entered mass production. Advanced Micro Devices rose 3%, Broadcom rose 6% and Qualcomm rose 2%. Figma — AI-powered digital design and product development platform rose 7% after Citigroup initiated its research with a buy rating. Citi said Figma has a total addressable market of $25 billion and is still in the early stages of adoption. Salesforce — The customer relationship management software provider fell again, dropping 23% for a record 12th consecutive year of declines. Salesforce has fallen to its lowest level since early 2023. The stock price last fell 2%. SharonAI Holdings – This computing company’s stock rose nearly 15%. SharonAI has announced a $1.6 billion private financing to fund the expansion of its artificial intelligence factories across Australia and the Asia-Pacific region. JABIRU — Shares rose about 4% after the company reported third-quarter earnings and sales that beat analysts’ expectations. The company’s outlook for the current quarter and the full year also exceeded expectations. UniQure — The Dutch biotech company soared about 75% after announcing that the FDA agreed to its planned application for a gene therapy to treat Huntington’s disease. Nano Nuclear Energy — The maker of solid core batteries and low-pressure cooled nuclear reactors soared 11% after Roth Capital initiated coverage with a buy rating and $45 PT, citing growing confidence in the commercialization path of the company’s Cronos micro-modular reactor. NNE models first commercial Khronos deliveries in 2030 and profitability in 2031. AT&T — The mobile and landline carrier fell 3% after naming Jennifer Billie as its new chief financial officer, replacing the outgoing Pascal Desroches. — Reporting by CNBC’s Davis Giangiulio, Darla Mercado, Nick Wells, Angelica Peebles and Gina Francola
