Check out some of the stocks making the biggest moves in midday trading. Bitcoin-related plays — Stocks related to the flagship cryptocurrency tanked as bitcoin extended its recent decline. Bitcoin dropped more than 3% in midday trading, while bitcoin treasury company Strategy slid more than 8%. Shares of crypto miners MARA Holdings fell about 12%, and Riot Platforms lost roughly 9%. MGM Resorts — The casino operator jumped almost 10% after announcing that BetMGM, a sports-betting operator that’s jointly owned by MGM and Entain, reached profitability. BetMGM also said it posted net revenue of $2.8 billion in 2025, up 33% from 2024. Palantir — Shares of the AI-powered software provider fell 13% as investors took profits after a nearly 7% advance Tuesday following a fourth-quarter earnings and revenue beat . While Palantir was a bright spot as software stocks took the broader market down Tuesday , its Wednesday decline now means its more than 30% off its 52-week high. Software plays — Several big software stocks tumbled as investors continued to worry about how artificial intelligence may upend the sector. ServiceNow lost 2%, while Oracle fell nearly 6%. The iShares Expanded Tech-Software Sector ETF (IGV) dropped more than 3%, heading for a seventh consecutive losing session. Amgen — The biotechnology company popped 8% and hit a 52-week high following fourth-quarter financial results. Amgen’s adjusted earnings came in at $5.29 per share on revenue of $9.87 billion. Analysts polled by LSEG expected $4.73 per share in earnings and $9.47 billion in revenue. Old Dominion Freight Line — The trucking company rose 8% after posting better-than-expected fourth-quarter earnings. It earned $1.09 per share, excluding one-time items, on revenue of $1.31 billion, above the earnings of $1.06 per share on $1.30 billion analysts polled by FactSet anticipated. Super Micro Computer — Shares jumped 10% as strong demand for AI-optimized servers helped fiscal second-quarter results top expectations and led Super Micro to raise its annual revenue forecast. Super Micro earned 69 cents per share on an adjusted basis, outpacing the consensus estimate of 49 cents per share, per LSEG. Revenue of $12.68 billion topped the $10.23 billion estimate. The company anticipates fiscal 2026 revenue will total at least $40 billion versus a $36.09 billion estimate. Silicon Laboratories — Shares surged almost 50% after Texas Instruments agreed to purchase the chip designer for $7.5 billion amid ongoing consolidation in the semiconductor industry. Texas Instruments fell nearly 1%. Eli Lilly — The drugmaker’s surged almost 9% after posting higher-than-expected results on its top and bottom lines in the fourth quarter. The company also issued full-year guidance for non-GAAP earnings of between $33.50 and $35 per share excluding one-time items, topping analysts’ consensus estimate of $33.04, according to FactSet. It also forecast revenue of $80 billion to $83 billion by the end of 2026 versus analysts’ expectations of $77.64 billion. Uber Technologies — The stock shed 3%. In prepared remarks, the ride-share company’s leadership cautioned investors that its autonomous vehicle efforts are likely to remain “a very small portion of the rideshare category for many years to come” amid ongoing technological and regulatory challenges. Uber beat the Street’s expectations for revenue in the fourth quarter . However, earnings on a GAAP basis landed at 14 cents a share, missing the LSEG consensus call for 79 cents per share. Boston Scientific — Shares fell 15% after the medical equipment maker issued lackluster guidance for the full year. The company forecast it would notch adjusted earnings of $3.43 to $3.49 per share by the end of the year versus Wall Street’s consensus estimate of $3.47 a share, according to FactSet. Boston Scientific also said it expects to see revenue growth of between 10.5% and 11.5% year over year, at or below analysts’ consensus estimate for a 11.5% revenue increase. Advanced Micro Devices — The chipmaker declined 16% . AMD said that it sees first-quarter revenue landing at $9.8 billion, plus or minus $300 million, while analysts had penciled in $9.38 billion. AMD also called for first-quarter non-GAAP gross margin of about 55%, roughly in line with the consensus StreetAccount estimate of 54.5%. Varonis Systems — Shares plunged 9% after the data security firm issued forward guidance for 2026 that fell short of Street expectations. Varonis projects it will earn 6 cents to 10 cents per share, excluding one-time items, far below analysts’ consensus estimate of 35 cents per share, according to FactSet. Match Group — The owner of several online dating apps saw shares jump 7%. Fourth-quarter earnings came in at 83 cents per share on revenue of $878 million, surpassing the LSEG consensus estimate for 70 cents per share and $871 million. Match said it expects full-year cash flow of between $1.085 and $1.135 billion, topping the FactSet consensus of $955.4 million. Chipotle Mexican Grill — Chipotle dipped 1% after the fast-casual burrito chain said store traffic declined for a fourth straight quarter . The company also projected flat same-store sales growth for 2026. Adjusted earnings and revenue for Chipotle’s fourth quarter still beat analysts’ consensus expectations, according to LSEG. Enphase Energy – The supplier of solar and battery systems soared 36%. Enphase Energy issued rosy first-quarter revenue guidance, expecting $270 million to $300 million, versus the FactSet consensus of $262.2 million. Fourth-quarter adjusted earnings and revenue also beat estimates. — CNBC’s Michelle Fox, Davis Giangiulio, Pia Singh, Christina Cheddar Berk and Nick Wells contributed reporting.
