Check out some of the companies making the biggest moves midday: Meta Platforms — Shares of the Instagram and WhatApp parent jumped almost 6%, extending a weekly gain to more than 14%, the most since early 2024, boosted by a Reuters report saying Facebook is looking to put an AI chip into production in September, and suggesting its compute costs will come in lower than Wall Street expected. SK Hynix — The South Korean semiconductor company’s stock opened at $170 on the Nasdaq, then rose about 17%, as U.S. investors jumped at the opportunity to get a stake in South Korea’s second-most valuable company. The company’s American depositary receipts priced at an initial $149, raising $26.5 billion for its aggressive expansion plans, including investing in new factories and equipment. Marvell Technology , Intel — Shares of the chipmakers fell about 3% in the wake of the debut of South Korean chipmaker SK Hynix on Nasdaq. Seagate Technology — The data storage provider’s stock rose almost 2% after Wells Fargo upgraded Seagate to overweight from equal weight. The recent pullback has created a more attractive entry point, the bank said, raising its price target to $1,100, citing an eventual path to more than $50 a share in earnings and laying the groundwork for added share buybacks and dividends. WD-40 Company — Shares rallied 10% after the household and indust …
