Stocks making the biggest moves midday: Dollar Tree, GitLab, Zscaler and more

Check out the companies making headlines in midday trading: Dollar Tree — Shares tumbled 20% after the discount retailer slashed its full-year outlook for net sales and adjusted earnings per share. Dollar Tree cited increasing pressures on middle- and higher-income customers. GitLab — The software developer's stock soared 17% thanks to a strong third-quarter earnings outlook.

Shares fell nearly 4% on the heels of a UBS downgrade to neutral from buy. The firm sees earnings growth dropping to the mid-teens from 2026 onward, citing a "plateau in litho intensity" and demand normalization. AMD — The chip stock advanced 3%, recovering from losses seen in the previous session. On Tuesday, AMD shares suffered from a steep semiconductor sell-off, falling 7.8%. — CNBC's Lisa Kailai Han and Michelle Fox contributed reporting.

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