Stocks making the biggest moves midday: Micron, Tesla, Ulta, Intel and more

Check out the companies making headlines in midday trading: Micron Technology — Micron edged 2.7% higher after JPMorgan reiterated the stock as overweight ahead of the memory chipmaker's earnings, which are expected Wednesday after market close. Analyst Harlan Sur anticipates Micron's results will be boosted by strong artificial intelligence and server demand. Tesla — Shares rose 4.

also confirmed on Friday that Qualcomm had recently approached Intel about a takeover. Ciena — The networking systems stock jumped 4.6% on the back of Citi's double upgrade to buy from sell. Citi said the company is more likely to reach its long-term goals for topline growth. — 's Jesse Pound, Alex Harring, Samantha Subin and Sean Conlon contributed reporting.

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