Here are the names making headlines in midday trading. Chip stocks – Big chip plays surged as investors snapped up semiconductor companies instead of software. Marvell jumped nearly 7% and headed for a third consecutive positive session. Broadcom and AMD each added 4% and 3%, respectively. The VanEck Semiconductor ETF (SMH) rose 1.7%. Fair Isaac — The credit scoring service dropped more than 12%. Barclays cut its 12-month price target to $1,950 from $2,400 while keeping an overweight rating, according to FactSet. Organon — The New Jersey-based drugmaker focused on women’s health that was spun off by Merck jumped 24%. India’s Sun Pharmaceutical Industries has decided to offer $12 billion for Organon, the Economic Times reported . Sun Pharma said the story was “speculative in nature” and declined further comment. Texas Pacific Land — The Texas landowner gained 9%, a day after the death of Horizon Kinetics CEO Murray Stahl sent shares tumbling nearly 16%. Horizon Kinetics is the largest shareholder of Texas Pacific Land and Stahl sat on TPL’s board. Palantir Technologies — The defense tech stock traded off its session lows after President Donald Trump touted Palantir in a Truth Social post. “Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment,” he wrote. “Just ask our enemies!!!” Palantir is still heading for a nearly 14% decline on the week , however. Shares were last down nearly 2% on the day. Cybersecurity stocks — Shares got hit again as investor fears of AI threatening cyber infrastructure and disrupting cybersecurity companies’ business models reappeared. Akamai Technologies sunk more than 13%. Palo Alto Networks was off more than 6%, Zscaler declined 3%, while CrowdStrike tumbled 4%. Coherent – Shares of the photonics company jumped7 %. Coherent received a couple of bullish reports from analysts this week, with JPMorgan lifting its price target to $300 from $245 and maintaining an overweight rating on the name. The company and its peer Lumentum are both beneficiaries of the artificial intelligence revolution and both have investments from Nvidia . ServiceNow — The software company fell 7% after a downgrade from UBS from buy to neutral. UBS previously said ServiceNow was relatively better positioned to adapt to the AI era than other software companies but said its confidence in that view has weakened. Taiwan Semiconductor Manufacturing — Shares jumped 2% after the company reported record revenue in the first quarter. Revenue was up 35% year-over-year, totaling 1.13 trillion new Taiwan dollars, or $35.6 billion. CoreWeave — Shares rose more than 12% after the company announced a multi-year agreement with Anthropic. The agreement will support Anthropic’s Claude model, with compute as part of the deal coming online later this year. CNBC’s Michelle Fox, Scott Schnipper and Darla Mercado contributed to this story. Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds – from financial professionals to everyday individuals – come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you’re starting from, you’ll leave with clearer thinking, stronger strategies. Enter your email here to get a discount code.
