Here are some of the companies making headlines in midday trading. HP — Shares of the computer manufacturer slid more than 3% after HP declined to provide details on its outlook for the fiscal year. In a filing with the Securities and Exchange Commission , HP said that it remains in its planning period for fiscal 2027. The company also said its preliminary assumption is that industrywide personal computer unit volumes will fall by mid-single digits in percentage terms for the calendar year 2027 versus 2026. Artificial intelligence stocks — Shares of companies linked to the AI buildout surged to start the week. The iShares AI Innovation and Tech Active ETF (BAI) rose more than 3%. Intel ‘s stock jumped 13%, while shares of Lam Research and Lumentum each climbed more than 3%. Advanced Micro Devices — The semiconductor manufacturer’s stock surged 9% to an all-time high as investors bid up shares of tech companies. AMD is heading for its fifth-straight winning session, and it topped $1 trillion in market cap for the first time. Ciena — The networking stock jumped 4% after an Evercore ISI upgrade to outperform, calling for nearly 58% upside from Friday’s close. “We see CIEN as an attractive way to gain exposure to the optical networking space that is quickly emerging as a critical bottleneck in the AI buildout,” wrote analyst Amit Daryanani. Chip stocks — Semiconductor stocks climbed as tech shares rallied. The VanEck Semiconductor ETF (SMH) advanced more than 3%. Arm Holdings ‘ stock surged 16%, shares of Micron Technology added 2% and Nvidia ‘s stock was last up 1%. Energy stocks — Oil stocks slid to start the week as the commodity dropped. West Texas Intermediate futures for October delivery dropped more than 5% and headed for the worst day in more than a month. The State Street Energy Select Sector SPDR ETF (XLE) lost 2% as shares of ConocoPhillips , Exxon Mobil and Occidental Petroleum dropped about 3% each. Critical Metals — The rare earth company’s stock soared almost 40%. President Donald Trump late last week announced that the U.S. will build a “large Military presence” in Greenland as part of a security deal with Denmark. U.S.-traded stocks with ties to the Arctic territory climbed on Monday. Shares of Greenland Mines surged more than 200%, while Greenland Energy ‘s stock advanced 140%. Paramount , Warner Bros. Discovery — Shares of both companies jumped almost 10% after The Wall Street Journal reported over the weekend that Paramount and California’s Attorney General Rob Bonta discussed settlement details over a lawsuit that was blocking the merger between the two media giants. Accenture — Shares jumped over 3% after the professional services company said Friday it would partner with Anthropic and evaluate the AI company’s models. Both companies would invest at least $1 billion for “building capacity in this area,” according to Anthropic’s announcement. The announcement came after Anthropic CEO Dario Amodei pushed to slow down AI development. Novo — Shares slid 8% after investors were left unimpressed by the company’s long-term goals about competing with the weight loss market. The Denmark-based company plans to launch at least five drugs by 2030 and generate over 150 billion Danish kroner (US$23 billion) in risk-adjusted pipeline sales by 2035. Coinbase — The crypto exchange’s stock gained more than 4%, following bitcoin higher to start the week. The digital currency climbed to a high of $86,349.90. Monday’s move builds on the stock’s recent sharp gain. Coinbase shares popped more than 10% last week after regulators cleared a path for tokenized stocks . Shares of bitcoin treasury company Strategy last traded up 8% on the day, while shares of crypto miner Riot Platforms advanced 3%. Arhaus — Shares of the home furnishings brand jumped nearly 12% after Jefferies upgraded the company to buy from hold. Analyst Jonathan Matuszewski said he has “newfound optimism” on the company’s strategy to increase brand awareness. CNBC’s Nick Wells and Gina Francolla contributed reporting. Correction: An earlier version misidentified the name of the rare earth company that’s surging after the U.S.-Denmark agreement regarding Greenland. The company is Critical Metals.
