See the companies making headlines in midday trading: Intel — The chipmaker jumped about 9.5% on news that Intel is working with bankers to explore options to address weaknesses in its core business. Elastic NV — The stock fell about 26.5% after its fiscal second-quarter revenue forecast fell short of Wall Street expectations. The AI search company now expects revenue for the period to be between $353 million and $355 million. Analysts surveyed by LSEG had estimated $361 million. MongoDB — Shares of the developer data platform surged more than 18% after the company posted better-than-expected second-quarter earnings and revenue. MongoDB earned 70 cents a share, excluding items, on revenue of $478 million, compared with analysts’ expectations of 49 cents a share on $464 million in revenue, according to LSEG. The company also expects third-quarter revenue to be between $493 million and $497 million, well above analyst estimates of $479 million. Current-quarter earnings are also expected to come in above expectations. Alnylam Pharmaceuticals — The stock fell about 8.5% after the company reported positive Phase 3 results for its heart disease drug vutrisiran, which is sold under the name Amvuttra. Still, the results were disappointing to investors. In a note, Cantor Fitzgerald wrote that the data doesn’t look like an unequivocal “win” compared to treatments from rivals like BridgeBio Pharma’s acoramidis. BridgeBio shares rose more than 13% after the results. Marvell Technology — Shares rose more than 9% after the company beat third-quarter earnings expectations. Marvell expects adjusted earnings of 40 cents per share on $1.45 billion in revenue. Analysts polled by LSEG expected earnings per share of 38 cents on revenue of $1.40 billion. Alibaba — Shares of the U.S.-traded e-commerce company rose about 3% after China’s market regulator said the company had completed a three-year oversight process. The regulator previously fined Alibaba in 2021 as part of an antitrust investigation. Dell — Shares rose more than 4% after the company reported better-than-expected second-quarter earnings and revenue. Dell also expects current-quarter revenue to be in line with expectations, according to StreetAccount. Ulta Beauty — Shares of the beauty retailer fell about 4% after reporting its first earnings loss in four years. Ulta also trimmed its full-year guidance after same-store sales declined last quarter. Comparable sales for the second quarter fell 1.2%, compared with an 8% increase a year earlier and well below the 1.2% growth Wall Street analysts had expected, according to StreetAccount. —CNBC's Yoon Lee, Hakyung Kim and Jesse Pound contributed to this report.
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