Here are the companies making headlines in midday trading. Nucor , Steel Dynamics — The steel manufacturing stocks climbed after trade negotiations between the U.S. and Canada collapsed on Friday . Shares of Nucor and Steel Dynamics were up roughly 2%. Canada is set to target the U.S. steel industry in its retaliatory tariffs that will start on Sept. 8. Expedia Group — The travel booking site’s stock gained more than 4% after Evercore ISI lifted its price target to $430 from $375. The firm, which sees nearly 34% upside from Friday’s close, kept its rating at outperform. Hims & Hers Health — The telehealth provider’s stock dropped 8% after Visa put Hims on notice for consumer disputes related to its weight-loss subscription, according to Bloomberg News . The company faces an $8 surcharge for each complaint, leading to a bill of roughly $75,000 due in September, Bloomberg reported, citing internal documents. Trucking stocks — Shares of trucking companies tumbled after President Donald Trump said the U.S. will lift Canada auto tariffs to 50%, starting Jan. 1, 2027. Shares of J.B. Hunt Transport lost 5%, while shares of Knight-Swift fell more than 3%. Old Dominion Freight Line ‘s stock slid 2%. Applied Optoelectronics — Shares of the provider of optical components tumbled 11% after setting up an at-the-market program that would allow it to sell up to $600 million “from time to time” through Raymond James & Associates and Needham, according to a filing with the Securities and Exchange Commission . RUM Group — The company, which hosts Trump’s Truth Social platform, saw its stock gain 5%. RUM entered a $13.7 billion deal to supply an unnamed cloud customer with artificial intelligence chips, according to a filing with the SEC . Nvidia — Shares of the chip giant slid almost 2%, heading for a seventh straight losing session and its longest losing streak since September 2022. The decline comes after Bloomberg News reported over the weekend that Nvidia’s biggest customers were told that the prices of servers using the company’s artificial intelligence chips are rising more than 15%. Nvidia is slated to report quarterly earnings on Wednesday after the close. Chipmakers — After falling 5.5% last week, the iShares Semiconductor ETF (SOXX) was down 2% on Monday. Marvell Technology ‘s stock declined 3%, while shares of Advanced Micro Devices and Intel fell more than 2%. Memory stocks — A slew of memory storage stocks were starting the week in the red before the bell. Shares of Sandisk and Western Digital fell more than 5%, and Seagate Technology ‘s stock declined 6%. Micron Technology ‘s stock slid 5%. Crypto-linked plays — Bitcoin prices topped $79,000, extending gains after posting a three-day rally in which it surged 22%. Shares of Strategy gained 4%. Shares of Riot Platforms and Mara Holdings advanced 3%. — CNBC’s Nick Wells and Darla Mercado contributed reporting.
