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Check out the companies making headlines in midday trading: Nvidia – Shares fell roughly 2%, putting the artificial intelligence chipmaker officially in correction territory after choppy trading over the past month. MicroStrategy – The Bitcoin proxy stock rose more than 6% after Nasdaq announced that MicroStrategy will be added to the tech-heavy Nasdaq-100 index. This means the shares will be included in the popular Invesco QQQ Trust ETF. The inclusion of the index will be effective on December 23. Crypto Stocks — Shares of crypto-related stocks rose, with Coinbase and Robinhood gaining 4.7% and 7%, respectively. Shares of Mara Holdings rose more than 11% after MicroStrategy Chairman Michael Saylor said in a Dec. 14 post on social networking site X that he expected the crypto miner to be next to enter the Nasdaq 100. Ford Motor – Shares of the automaker fell almost 4. % after Jefferies downgrades shares to underperform from hold. The company cited concerns about inventory overruns next year. Broadcom – The semiconductor company’s share price rose more than 9%, adding to the previous session’s gains. Broadcom jumped more than 24% on Friday after reporting better-than-expected fourth-quarter results, pushing its market cap above $1 trillion for the first time. Keysight Technologies – Electronics stocks rose about 3% after being upgraded from neutral to overweight by JPMorgan. The investment firm said Keysight should see a cyclical recovery in 2025 after struggling this year as the stock underperforms the broader market. Capri Holdings – Shares rose 5% after Women’s Wear Daily reported that the luxury fashion retailer was working with Barclays to find potential buyers for its Versace and Jimmy Choo businesses. Super Micro Computer — Shares fell nearly 7%. The move follows a Friday report by Bloomberg News, citing sources familiar with the matter, that Super Micro has hired investment bank Evercore ISI to help raise equity and debt capital. Super Micro has already missed its annual and quarterly financial reporting deadlines, adding to concerns that the stricken data center company will be delisted from Nasdaq, despite assurances by CEO Charles Liang that that will not happen. Honeywell – Shares added 3% after the industrial giant said its board was considering a potential spin-off of its high-margin aerospace division, a plan backed by activist investor Elliott Management, which in November called for Honeywell to be split into two companies. Micron Technology – Shares rose 7% ahead of the semiconductor maker’s quarterly earnings this week. JPMorgan said in a statement on Monday that it expects strong results. Berkshire Hills Bancorp , Brookline Bancorp – Shares of Boston-based regional banks fell. The Wall Street Journal reported, citing people familiar with the situation, that the companies are in talks to merge in a deal that could be announced as soon as next week. Shares of Berkshire Hills fell 1%, while Brookline Bancorp was slightly lower. Drone Stocks – Shares of a number of drone makers rose as interest in the sector was boosted by mysterious drones in northeastern states and a new Palantir partnership announcement. Red Cat Holdings said Monday it is working with Palantir Technologies to integrate visual navigation technology into Red Cat’s Black Widow drones. Red Cat shares rose 15%. The Donald Trump Jr.-related Uncommon Machine was up 12%. Kratos Defense & Security Solutions and AeroVironment added 6.7% and 8.6%, respectively. Alphabet – The tech giant jumped more than 4% on Monday, touching a new 52-week high. Alphabet’s advance, along with Broadcom’s, helped lift the Nasdaq Composite to a new record high, even as Nvidia shares fell. Jefferies also named Alphabet one of its tech and internet stock picks for 2025. – CNBC’s Hakyung Kim, Jesse Pound, Sean Conlon, Yun Li, Lisa Kailai Han and Michelle Fox contributed to this report.
