Check out the companies making headlines in midday trading.
Sphere Entertainment — Shares of the media and entertainment company climbed 10% in midday trading after a U2 show debuted its Las Vegas Sphere venue Friday night. Built by Madison Square Garden Entertainment
Discover Financial Servicesan 8K filing with the U.S. Securities and Exchange Commission a consent agreement with the Federal Deposit Insurance Corporation.
Instacart — Maplebear, the food delivery company doing business as Instacart, fell roughly 5% in midday trading. On Monday, The Information, citing people familiar with the matter, reported the Wall Street bank that underwrote Instacart’s initial public offering forecast a weak second-half outlook with slower revenue growth and lower profits. Separately, Gordon Haskett initiated coverage of the company with a hold rating.
Nvidiaadded the semiconductor AI stock to its Americas conviction list for the month. Goldman said it expects Nvidia to “maintain its status as the accelerated computing industry standard for the foreseeable future.”
— CNBC’s Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox, Sarah Min and Scott Schnipper contributed reporting.