Check out the companies making the biggest moves in midday trading: Advanced Micro Devices , Microsoft — Microsoft said it would offer AMD’s Helios-based system on the Azure cloud. Wolfe Research’s Chris Caso said Microsoft’s decision to return to AMD GPUs “attests to Helios’ competitiveness.” The development comes ahead of AMD’s Advancing AI day later this week. AMD shares are trading nearly 4% higher, while Microsoft was up less than 1%. Iren — The data center operator’s stock jumped more than 17% after it raised its year-end AI Cloud annualized run-rate revenue target to more than $4 billion from $3.7 billion, following the receipt of $2.8 billion in new multiyear contracts. The company said about 85% of year-end AI cloud annualized run-rate revenue is under contract. Imax , AMC Entertainment , Cinemark — Movie theater stocks were trading higher Monday on the back of a strong opening weekend for “The Odyssey” and upbeat second-quarter results from AMC. The Christopher Nolan film rang up $264.1 million in worldwide ticket sales . The movie was the first-ever shot entirely in Imax’s 70mm, driving moviegoers to see it on Imax screens. Imax said the film ta …
