Tesla jumped 5% at midday after beating third-quarter delivery estimates, while Broadcom rose more than 3% on a reported $42 billion lending deal with Anthropic. Nike fell almost 6% on a sales miss, and the S&P 500 index itself saw a constituent swap as Vylor joined the benchmark and Corteva dropped to the MidCap 400.
Tesla rose, up 5% after reporting third-quarter deliveries above Street expectations. The electric-vehicle maker delivered 486,532 vehicles in the latest three-month period versus the 461,100 units expected by analysts polled by FactSet.
Broadcom climbed more than 3% after Reuters reported the chipmaker agreed to lend Anthropic up to $42 billion to finance infrastructure purchases. Investment banks are seeking to raise $42 billion of Class A senior secured debt and $18 billion in Class B debt, Bloomberg reported, with the debt meant to let Anthropic buy or lease chips and other computing hardware.
Nike falls on a revenue miss
Nike moved the other way, falling almost 6% after its fiscal first-quarter revenue missed analyst expectations, according to LSEG data. The company reported a 4% slide in sales, citing declines in China, and also announced plans to lay off staff in 2027.
Chip and hardware names swing on deal news
ON Semiconductor and Synaptics moved sharply after ON Semi revised its buyout offer for Synaptics to $123 a share, or $5.7 billion — Synaptics surged 14% and ON Semiconductor gained more than 5%. Elsewhere, Seagate Technology and Western Digital each tumbled 13% following a Nikkei report that Toshiba will double its production capacity for hard disk drives used in data centers and invest $380 million to expand facilities in the Philippines.
S&P 500 reshuffles its roster
The index itself changed shape at the margins: Vylor, the seed and genetics company spun off from Corteva, added 2% after being named to enter the S&P 500 following its spinoff on Thursday. Corteva, which will move to the S&P MidCap 400, fell 3%.
Source: CNBC
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