Check out the companies making headlines in midday trading: Tesla – The electric car maker fell 5% after reporting its first-ever annual decline in vehicle deliveries. Tesla delivered 1.79 million vehicles in 2024, down from 1.81 million in 2023. Constellation Energy – Shares jumped 7% after the company secured a record $1 billion in combined contracts to supply nuclear power to the U.S. federal government. Unity Software – The video game stock rose 9% after internet personality Keith Gill, also known by his online name Roaring Kitty, posted a GIF on social media site James. . One of James's songs is titled “Loneliness.” Gill is best known for leading the short squeeze investing in GameStop in 2021. Spotify Technology – The music streaming platform added 3% after announcing the Spotify Partners Program, which provides creators from the US, UK, Canada and Australia new ways to monetize their content. SoFi Technologies – The fintech stock fell 7% after KBW was downgraded to underperform. The investment firm cited excessive valuation as the reason for the change. Synaptics – The semiconductor company's stock jumped 7.1% after announcing a partnership with Google on Edge AI. Through the agreement, Google's machine learning core will be integrated into Synaptics' Astra devices. Shares of Alphabet, Google's parent company, rose 0.5%. Nvidia – Shares of the chip maker and poster child for AI trading rose 3% after Loop Capital said Nvidia is in a moment of “nirvana” and can maintain its continued rally. Cryptocurrency Stocks – Cryptocurrency stocks rose as Bitcoin rose back above the $96,000 mark on Thursday. Shares of Coinbase and MicroStrategy each rose about 5%, while miners Mara Holdings, Riot Platforms, and Bitdeer respectively added 5%, 3%, and 9%. Uber, Norwegian Cruise Line – Shares of both companies rose after Goldman Sachs added the names to its January “condemnation list.” Uber shares gained about 4%, while Norwegian shares rose more than 1%. Topgolf Callaway Brands – Shares rose nearly 13% after upgrade to buy from hold at Jefferies. The company believes the golf company offers strong value as it prepares to spin off its Topgolf business. Jefferies also raised its price target to $13 from $11, suggesting a 65% upside ahead. Cloudflare – Shares of the cloud cybersecurity stock rose 5.7% on the back of a double upgrade from Goldman Sachs to buy from sell. The company also nearly doubled its price target and cited “several positive catalysts” for the stock in 2025, including Cloudflare's sales and marketing productivity improvements and edge computing solutions. — CNBC's Sean Conlon, Michelle Fox, Alex Haring and Pia Singh contributed reporting.
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