Check out the companies making headlines in midday trading. EVgo — Shares soared 55% after the electric vehicle charger company received a $1.05 billion conditional loan from the Department of Energy. JPMorgan also upgraded EVgo to overweight . Analyst Bill Peterson pointed to EVgo's utilization rate compared to peers as well as its owner-operator model. Hims & Hers Health — The health and wellness platform saw shares plunge nearly 14% after the U.S.
The company sees slowing global electric vehicle sales in the next two years, and cited mounting China competition as another headwind. Nvidia – The chipmaker advanced more than 3% following CEO Jensen Huang told CNBC's " Closing Bell: Overtime " on Wednesday that the company is seeing "insane" demand for its new Blackwell artificial intelligence chips.
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