Stocks making the biggest moves midday: Nvidia, Corning, Helen of Troy, UiPath and more

Here are the latest business updates from midday trading:

Nvidia – The artificial intelligence powerhouse’s shares jumped 1.8% after KeyBanc upgraded its price target to $180, suggesting a 40% rise from Monday’s closing. The company’s H100 chip continues to show strong demand, notwithstanding the upcoming launch of Blackwell in H2.

Helen of Troy – The household appliances manufacturer’s stock nosedived almost 28%, recording a fresh 52-week low. The company divulged an earnings shortfall for Q1 fiscal 2025 before the market opened. It also cut its full-year guidance.

UiPath – The software company’s shares slipped 7% as it confirmed plans to cut about 10% of its global workforce by the end of Q1 fiscal 2026, aiming to control operating costs.

Jumia Technologies – The shares soared 30%, marking a new 52-week high after Benchmark started covering the stock with a buy rating. The firm underscores a transformational phase and its unique positioning as a pan-African leader as key growth drivers.

Chemours – The chemical company’s stock rose 2% following a rating upgrade from neutral to buy by UBS, predicting potential outperformance driven by promising demand and price trends into 2025.

BP – The oil and gas behemoth’s U.S.-listed shares fell 4.5% after it forecasted a potential impairment of up to $2 billion in Q2 and weak refining margins that would impact earnings.

Lucid – The EV manufacturer’s stock rose around 1% after delivering 2,394 vehicles in Q2, up by 70% year-over-year.

Novo Nordisk – The healthcare stock dropped approximately 1.7%. A recent study suggested that the key ingredient in Eli Lilly’s Mounjaro and Zepbound is more effective for weight loss than semaglutide, which is found in Novo Nordisk’s Ozempic and Wegovy.

Sony – The shares were up nearly 4% following the merger agreement between National Amusements, the parent company of Paramount Global, and Skydance Media. Sony was reported to have also bid for the deal.

Tesla – Shares climbed over 4%. Morgan Stanley maintained its overweight rating on Tesla, recognizing the company’s 15% share of the global battery electric vehicle market in May.

Corning – The speciality glass producer’s shares rose about 4%. The company recently upped its Q2 core sales forecast to $3.6 billion and foresees core earnings per share to hit or surpass the 42 cents to 46 cents guidance.