Stocks making the biggest moves midday: Novavax, Taiwan Semiconductor, Sweetgreen and more

Check out the companies making headlines in midday trading: Novavax — The biotech company soared 110% after announcing a multibillion-dollar deal with French drugmaker Sanofi to co-commercialize its Covid vaccine starting next year. The companies will also develop combination shots targeting the coronavirus and flu. Taiwan Semiconductor Manufacturing — The chipmaker jumped 5% after reporting a 60% surge in year-over-year April revenues , helped by ongoing demand for artificial intelligence.

. Unity Software said it expects adjusted EBITDA for the second quarter to range between $75 million and $80 million, versus Wall Street's consensus estimate of $98 million. Akamai Technologies — The cloud company sank 10% on a weak outlook and mixed quarterly results. Akamai Technologies said it expects revenue for the year to range between $3.95 billion and $4.02 billion. Analysts polled by

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Semiconductor Stocks Q4 Overview: AI Gains Heat UpBeth Kindig is the CEO and Lead Tech Analyst for the I/O Fund and delivers weekly in-depth tech stock analysis to her free newsletter subscribers. Sign up here to receive free weekly stock tips. I/O Fund has a cumulative 3-year audited return of 47%, beating Ark and the majority of Wall Street funds over four audit periods in 2020, 2021 and 2022.
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