Stocks making the biggest moves midday: Robinhood, Nvidia, Intel and more

Check out the companies making headlines in midday trading. Crypto stocks – Several bitcoin-related names were hit following the cryptocurrency's drop below $50,000 for the first time since February. Robinhood plummeted more than 10%, and MicroStrategy plunged more than 8%. Others like Coinbase and Marathon Digital each fell around 5%.

Analysts surveyed by LSEG estimate that Palantir will report second-quarter revenue of $652 million, which is in line with the company's forecast of between $649 million and $653 million. Analysts also estimate earnings of 8 cents per share. Tech stocks – Major tech names dropped during Monday's sell-off. Amazon fell more than 3%, while Microsoft and Tesla both slid more than 2%. Shares of the Facebook and Instagram parent, Meta , fell more than 1.5%.

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Intel's 21.5% share plunge drags global chip stocks; Nvidia falls 3.5% in premarket tradingAsian stocks including Samsung and TSMC closed lower as European chip firms including ASML also dropped.
Source: CNBC - 🏆 12. / 72 Read more »

Intel shares plunge 21% in premarket trading, Nvidia down 3.5% as global chip stocks fallAsian stocks including Samsung and TSMC closed lower as European chip firms including ASML also dropped.
Source: NBCNewYork - 🏆 270. / 63 Read more »