Stocks making the biggest moves midday: Alphabet, SiriusXM, MongoDB, Alaska Air Group and more

Check out the companies making headlines in midday trading. Alphabet — The online search giant operator launched its latest quantum chip, called Willow. Alphabet said this marks a major breakthrough in the field of quantum computing, leading shares 4% higher. Quantum computing is considered as the next frontier for many tech companies. Oracle — Shares dropped 8% after the cloud infrastructure company fell short of Wall Street's fiscal second-quarter expectations.

4% lower after Piper Sandler downgraded the social media company to neutral from overweight, citing two quarters of mixed results from the company and a competitive advertising field suggested from the firm's ad buyer survey. T-Mobile — The mobile communications services saw its stock rise 2.4% on positive comments from CEO Mike Sievert, who expressed optimism about the company's growth plans. Centene — Shares of the managed health care company fell 3.

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