Here’s a look at the companies making the biggest moves at midday: Shares of Accenture rose 7.29% after the consulting firm reported more than $900 million in generative AI orders for the third quarter, bringing its total for this fiscal year was $2 billion. Gilead Sciences – Shares of the biopharmaceutical company rose 8.46% after the company said phase 3 trials showed its HIV drug, lenacapavir, was 100% effective in preventing it in women. Trump Media & Technology Group — After former President Donald Trump’s company said Tuesday that the Securities and Exchange Commission had declared an effective registration of additional shares of Trump Media, shares fell 14.56%. Super Micro Computer – Shares closed down 0.26% after rising 5% in midday trading. Elon Musk said the company will help his artificial intelligence firm xAI build a supercomputer. Shares of Darden Restaurants, the parent company of Olive Garden and LongHorn Steakhouse, rose 1.53% after reporting mixed fourth-quarter financial results. Adjusted earnings per share were $2.65, beating the $2.61 expected by analysts surveyed by LSEG. Revenue was $2.96 billion, missing the consensus estimate of $2.97 billion. Advanced Micro Devices shares rose 4.62% after Piper Sandler named the semiconductor maker a favorite. The firm said the company has a “bright outlook” for the second half of the year. Winnebago Industries — Shares of the recreational vehicle maker fell 3.54% after its quarterly report showed year-over-year declines in revenue and net income. Winnebago reported adjusted earnings per share of $1.13 on revenue of $786 million for its fiscal third quarter. Analysts polled by FactSet expected $1.31 per share on revenue of $798.3 million. TransUnion – Shares of the consumer credit reporting agency rose 2.94% after receiving a buy rating from Bank of America, which was neutral. Analyst Heather Balsky cited the recent pullback as the reason for the change, which contributed to the attractive valuation. Jazz Pharmaceuticals shares fell 4.72% after the biotech company’s experimental drug to treat essential tremor failed to show statistically significant improvement in patient outcomes compared with a placebo in a mid-stage study. Commercial Metals — Shares rose 3.8% after the company reported record third-quarter revenue growth. Revenue was $2.08 billion, versus the FactSet consensus estimate of $2.02 billion. Revenue was in line with expectations. Jabil – The stock fell 11.44%. Jabil beat earnings and revenue expectations in its latest quarterly results. However, the electronic components maker noted softness in its automotive and transportation markets. KB Home – Shares of the homebuilder jumped 2.85% after reporting beats in second-quarter revenue and profit. KB Home reported earnings of $2.15 per share on revenue of $1.71 billion. Analysts polled by LSEG had forecast earnings of $1.80 per share and revenue of $1.65 billion. The company noted that net orders increased by 2% compared to the previous year. — CNBC’s Alex Harring, Hakyung Kim, Sarah Min, Jessie Pound and Lisa Han contributed reporting.
