Stocks making the biggest moves midday: Intel, Elastic NV, MongoDB and more

Check out the companies making headlines in midday trading. Intel – The chipmaker jumped 8.5% on news that Intel is working with bankers to explore options to address weaknesses in its core business. Elastic NV – The stock plunged more than 27% after its fiscal second quarter revenue forecast missed Wall Street's expectations. The artificial intelligence search company now expects revenue for the period to come in between $353 million and $355 million.

In a note, Cantor Fitzgerald wrote that the data doesn't appear as an unequivocal "win" compared to treatments from competitors such as BridgeBio Pharma's acoramidis. Shares of BridgeBio rose around 10.6% following the results. Marvell Technology – Shares gained more than 8% after its third-quarter forecast beat expectations. Marvell expects adjusted earnings of 40 cents per share on $1.45 billion in revenue. Analysts surveyed by LSEG called for 38 cents and $1.40 billion.

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