Check out the companies making headlines in midday trading. Micron Technology , chip stocks — Shares surged nearly 13% after the memory chipmaker issued strong guidance as the rise of AI heightens demand for its products. Other chip stocks rose alongside, with Applied Materials , ASML Holding and Lam Research last up about 4% each.
62 billion in revenue, falling short of FactSet estimates. CarMax — The used car retailer jumped nearly 6% after topping sales estimates for the fiscal second quarter. The company also reported a 5.1% increase in retail used unit sales. Jabil — The manufacturing solutions provider saw shares jump more than 11% after the company reported stronger-than-expected quarterly earnings and revenue. Jabil posted earnings per share of $2.30, beating a FactSet estimate of $2.22 per share. Revenue of $6.
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