Check out some of the companies making the biggest moves midday: Intel – The chipmaker climbed more than 11%, boosted by a report from DigiTimes saying Nvidia will shift chip production from Taiwan Semiconductor Manufacturing to Intel in 2028. Taiwan Semi added 1%. ASML — U.S.-listed shares of the semiconductor equipment maker fell more than 2% after earlier rising almost 3%. ASML reported record orders and issued strong 2026 guidance due to the artificial intelligence boom. The company also authorized a 12-billion euro ($14.3 billion) buyback program. AT & T – The telecom giant surged 5% after issuing annual profit guidance above market expectations. AT & T expects 2028 free cash flow to surpass $21 billion, compared with analysts’ estimate for $19.61 billion, according to LSEG. The mobile phone service provider also expects to buy back about $8 billion of common stock this year. Starbucks — The coffee chain added 2% after reporting store traffic growth for the first time in two years . “Our Q1 results demonstrate our ‘Back to Starbucks’ strategy is working and we believe we’re ahead of schedule,” CEO Brian Niccol said in a statement. Amphenol — The maker of sensors and connectors tumbled more than 12%. Fourth-quarter earnings and revenue and first-quarter guidance topped analyst estimates, but the stock had jumped more than 10% in the two days before the release of its latest results. Shares have more than doubled over the past year. VF Corp. — The maker of Timberland and North Face clothing dropped 10% after forecasting fiscal fourth-quarter revenue growth of 0%-2% in constant dollars. FactSet’s StreetAccount service highlighted “ongoing pressure in Active [wear] as the Vans turnaround remains ongoing.” Texas Instruments — The chipmaker jumped more than 9% after issuing better-than-expected guidance for the first quarter. Texas Instruments now sees earnings per share of between $1.22 and $1.48, and revenue between $4.32 billion and $4.68 billion. Analysts expected earnings of $1.26 per share on $4.42 billion in revenue in the quarter, according to LSEG. Texas Instruments missed Wall Street’s fourth-quarter estimates for both earnings and revenue. Elevance Health — The health insurer rallied 6% after fourth-quarter earnings per share and premium revenue beat Street estimates and Elevance raised its dividend almost 1%. Seagate Technology — The storage infrastructure stock soared 19% after posting strong fiscal second-quarter results. Seagate earned an adjusted $3.11 per share on revenue of $2.83 billion. Analysts polled by LSEG expected Seagate to earn $2.81 per share on revenue of $2.73 billion. Seagate had soared 30% in the past month before the latest earnings. Western Digital jumped 11% one day before the scheduled release of its latest results. Textron – The aerospace and defense company slid nearly 8% after full-year guidance fell short of Wall Street expectations. Textron forecast adjusted earnings of $6.40 to $6.60 per share in 2026, less than the FactSet consensus estimate of $6.85 a share. Fourth-quarter 2025 revenue and adjusted earnings topped expectations. Qorvo — The chipmaker dropped 6% after giving disappointing earnings guidance for its fiscal fourth quarter. Qorvo sees non-GAAP earnings per share around $1.20, while analysts polled by FactSet expected a forecast of $1.37 per share. F5 — The cloud computing and security company surged more than 6% after beating earnings and revenue expectations in its fiscal first quarter. F5 earned an adjusted $4.45 per share on revenue of $822 million, while analysts polled by LSEG estimated $3.65 per share per share on revenue of $758 million. Fiscal second quarter revenue guidance was far above the Street. Stride — The virtual education company surged 21% after a big earnings beat. Stride reported $2.50 in adjusted earnings per share and $631.3 million in revenue. Analysts polled by FactSet expected a profit of $2.01 per share and $627.9 million in revenue. Nextpower — The solar power technology platform jumped 15% after fiscal third-quarter financial results beat Wall Street’s expectations, and it raised its full-year guidance. Nextpower now expects adjusted earnings of between $4.26 to $4.36 per share for the year, up from its prior guidance of $4.04 to $4.25 a share. It also boosted its full-year revenue forecast to a range of $3.425 billion to $3.5 billion from $3.275 billion to $3.475 billion. StandardAero — The airplane repair company fell almost 4% after it planned a 50-million share secondary sale of stock at $31, or 6.4% below Tuesday’s close. — CNBC’s Yun Li, Michelle Fox and Davis Giangiulio contributed reporting.
