Check out the companies that made the biggest moves midday: Micron Technology — The chipmaker fell more than 10%, its worst day since June 5, and led a broad decline in tech stocks. Marvell Technology also fell 8%, and SanDisk fell 11%. Accenture — The consulting giant bounced back from broader market weakness to rise nearly 2% after increasing its share buyback program by $2 billion to more than $7 billion. Flex — The electronics maker suffered a loss of more than 2% after it disclosed that Chief Operating Officer Kwan Tan sold 36,000 shares at an average price of about $144.51 per share. This brings total sales to approximately $5.2 million. IBM — Legacy tech stocks rose more than 4% after JPMorgan was upgraded to overweight, a bright spot amid broader sector declines. “The software continues to improve recurring revenue, margins, profitability and cash flow,” the bank’s analysts said. President Donald Trump’s signing of an executive order aimed at “supercharging” quantum computing in the US also boosted the stock Zeta Global – The artificial intelligence marketing cloud company announced a partnership with Palantir to rebuild its data cloud on the defense technology company’s Foundry platform. Zeta’s stock price rose 7% on the day, while Palantir’s stock fell slightly. Cerebras Systems – The AI chip maker fell nearly 2% ahead of the release of its first quarterly results as a publicly traded company. “While we don’t expect any major surprises, we continue to be constructive as we believe there is significant upside to the differentiated architecture,” Morgan Stanley analyst Joseph Moore said in a report Monday. “CBRS posts first public quarter on line s, giving us a glimpse of what’s to come.” Carnival — The cruise line fell 6% after it announced weaker-than-expected third-quarter guidance. Carnival expects third-quarter adjusted earnings to be around $1.35 per share, below the FactSet consensus of $1.42. It also expected adjusted EBITDA to be about $2.88 billion, compared to analysts who expected it to be $3.04 billion. ExxonMobil — The energy giant rose about 1% after the Supreme Court approved a lawsuit over assets seized by Cuba’s Fidel Castro regime. SpaceX — The space and artificial intelligence company’s stock rose nearly 6% after falling below its debut price of $150. The move follows losses in the past three trading sessions, including a 16% drop on Monday. AMC Entertainment — The movie theater chain plunged 25% after the company announced it had entered into definitive agreements with certain institutional investors for the sale of 95.3 million shares of AMC common stock, valued at approximately $200 million. The stock’s last closing price was $2.76. ENERGY FUEL — Shares fell nearly 1% after the global critical minerals company announced a definitive agreement to acquire advanced magnetics company VAC. Primoris Services — The specialist contractor and engineering firm fell 22% after lowering its guidance on additional renewable energy cost overruns and delays and announcing the resignation of its COO. Edgewell Personal Care — Shares rose more than 14% after a Bloomberg News report that the consumer products company rejected an unsolicited takeover offer from private equity firm Yellow Wood Partners for $30 a share, citing people familiar with the matter. The board considered the offer too low, according to the report. Avis Budget Group — Shares rose 3% after the vehicle rental and mobility services company announced in a filing that it had reached a $650 million cash settlement with Pentwater Capital. —CNBC’s Michelle Fox and Darla Mercado contributed reporting.
