Check out the companies making headlines in midday trading: Nvidia – Shares fell nearly 2%, putting the AI chip maker officially in correction territory after tumultuous trading over the past month. MicroStrategy – Bitcoin proxy stock rose more than 6% after Nasdaq announced that MicroStrategy will be added to the high-tech Nasdaq-100 index. This means that the stock will be included in the popular Invesco QQQ Trust ETF. The index inclusion takes effect on December 23. Cryptocurrency Stocks – Cryptocurrency-related stocks rose, with Coinbase and Robinhood rising 4.7% and 7%, respectively. Shares of Mara Holdings rose more than 11% after MicroStrategy President Michael Saylor said in a December 14 post on the social media site Shares of the automaker fell about 4% after Jefferies downgraded the stock to underperform and hold. The company cited concerns about inventory accumulation next year. Broadcom – The semiconductor company's stock price jumped more than 9%, adding to its sharp gains from the previous session. Broadcom stock rose more than 24% on Friday after it reported better-than-expected fourth-quarter results, pushing its market value above $1 trillion for the first time. Keysight Technologies – The electronics stock rose about 3% after an upgrade to overweight from neutral at JPMorgan. The investment firm said Keysight should enjoy a cyclical rebound in 2025 after struggling this year, with the stock underperforming the broader market. Capri Holdings – Shares rose 5% after Women's Wear Daily reported that the luxury fashion retailer was working with Barclays to find potential buyers for Versace and Jimmy Choo. Super Micro Computer – Shares fell nearly 7%. The action follows a report on Friday from Bloomberg News, citing sources familiar with the matter, that Super Micro has hired investment bank Evercore ISI to help it raise equity and debt capital. Super Micro has already missed deadlines to file its annual and quarterly financial reports, raising concerns that the struggling data center company could be delisted by the Nasdaq, despite CEO Charles Liang's reassurances that won't happen. HONEYWELL — Shares rose 3% after the industry giant said its board is exploring the possibility of spinning off its high-margin aviation division, a plan backed by activist investor Elliott Management, which called for Honeywell to split itself into two companies in November. Micron Technology – Shares rose 7% ahead of the semiconductor manufacturer's quarterly earnings scheduled for later this week. JPMorgan said in a note on Monday that it expects strong results. Berkshire Hills Bancorp, Brooklyn Bancorp – Shares of Boston-based regional banks fell. The Wall Street Journal, citing people familiar with the situation, reported that the two companies are in talks to merge in a deal that could be announced as soon as next week. Berkshire Hills stock was down 1%, while Brookline Bancorp was trading slightly lower. Drone Stocks – Shares of several drone makers rose, with interest in the sector fueled by recent mysterious drone sightings over Northeast states and the announcement of a new partnership with Palantir. Red Cat Holdings said Monday it is working with Palantir Technologies to integrate visual navigation technology into Red Cat's Black Widow drones. Red Cat shares jumped 15%. Shares of Donald Trump Jr.'s Unusual Machines jumped 12%. Shares of Kratos Defense & Security Solutions and AeroVironment rose 6.7% and 8.6%, respectively. Alphabet – The tech giant's stock jumped more than 4% on Monday, hitting a new 52-week high. Alphabet's advance, along with Broadcom's advance, helped lift the Nasdaq Composite index to a new record high, even as Nvidia shares fell. Jefferies also named Alphabet one of its top picks for technology and internet stocks for 2025. — CNBC's Hakyung Kim, Jesse Pound, Sean Conlon, Yun Li, Lisa Kailai Han and Michelle Fox contributed reporting.
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