{"id":1989,"date":"2025-10-27T19:05:08","date_gmt":"2025-10-27T19:05:08","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/qualcomm-fermi-organon-and-more\/"},"modified":"2025-10-27T19:05:08","modified_gmt":"2025-10-27T19:05:08","slug":"qualcomm-fermi-organon-and-more","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/qualcomm-fermi-organon-and-more\/","title":{"rendered":"Qualcomm, Fermi, Organon and more"},"content":{"rendered":"\n<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Check out the companies making the biggest moves midday: Qualcomm \u2014 The chipmaker soared more than 11% after announcing artificial intelligence processors to compete with AMD and Nvidia . The AI chips are a shift for Qualcomm , which has previously focused on semiconductors for wireless connectivity and mobile devices, not massive data centers. Intellia Therapeutics \u2014 The clinical stage genome editing company plunged 45% after pausing patient dosing and screening for its MAGNITUDE and MAGNITUDE-2 Phase 3 clinical trials. FTI Consulting \u2013 The management consultant rose more than 5%. CEO Steven Gunby disclosed in a security filing that he bought 7,500 shares at $151.12 each. This comes after the company posted third-quarter earnings of $2.60 per share on revenue of $956.2 million, versus Street estimates of $1.99 and $945.1 million, based on analysts polled by FactSet. Fermi &#8212; The AI data center developer briefly climbed as much as 9% before giving back the entire gain. Mizuho, Stifel, UBS and Rothschild &amp; Co. Redburn began research coverage after Fermi&#8217;s Sept. 30 IPO at $21 per share, assigning price targets ranging from between $27 to $31. Fermi has no revenue, but analysts are bullish on its deals to produce nuclear-power reactors for an AI data center campus in Texas. UBS, Evercore ISI, Cantor and Mizuho led Fermi&#8217;s IPO. Shares most recently were off 1.1%. Dyne Therapeutics \u2014The RNA-based treatment maker soared 41% after Novartis agreed to buy Dyne rival Avidity Biosciences for $12 billion in cash . Avidity Biosciences \u2014 Avidity Biosciences soared more than 42% after the Novartis sale agreement at $72 a share, 46% above Friday&#8217;s close. Organon &#8212; The women&#8217;s health-focused drugmaker spun off by Merck in 2021 said CEO Kevin Ali resigned after an internal investigation found &#8220;improper&#8221; sales practices for its Nexplanon contraceptive implant. Shares plunged 22%. Snowflake &#8212; The cloud data provider stock added 3% after it reaffirmed third-quarter product revenue guidance of between $1.125 billion to $1.13 billion, and full-year revenue of $4.395 billion, both originally issued in late August. Doximity &#8212; The digital medical platform popped surged more than 4% on the heels of a Bank of America upgrade to buy from neutral. The bank said a shift in spending to the health care provider channel can result in faster revenue growth. Huntington Bancshares \u2014 Ohio-based Huntington dropped as much as 4% after agreeing to buy Cadence Bank (up 5.2%) for $7.4 billion in stock. American Water Works \u2014 The New Jersey-based utility declined 1.4% on plans to buy Essential Utilities in an all-stock deal that will leave American as the majority holder in a new $40 billion company. Rare earth miners \u2014 Treasury Secretary Scott Bessent said Sunday he expects China to delay imposing strict rare earth export controls as part of a tentative trade deal with the U.S. United States Antimony tumbled 22%, Critical Metals plunged 15%, USA Rare Earth slid 9%. MP Materials was off 8% and Energy Fuels by 11%. Janus Henderson \u2014 Shares climbed 13% after Nelson Peltz&#8217;s Trian Fund Management said it&#8217;s working with investment firm General Catalyst to buy the remaining shares of Janus Henderson it doesn&#8217;t already own . The buyout offer values the asset manager at about $7 billion, according to Bloomberg, which cited people familiar with the matter. Lululemon Athletica \u2014 The athletic apparel maker gained 2% after partnering with the National Football League and Fanatics to launch an apparel collection for NFL teams. Nvidia \u2014 The leading AI chipmaker rose almost 3% after Bessent said President Donald Trump and Chinese President Xi Jinping are set to reach a deal to avoid a new 100% U.S. tariff on Chinese goods. Gold miners \u2014 Gold prices fell Monday amid a potential trade truce between the U.S. and China, driving down Newmont , Coeur Mining and Hecla Mining by between 5% and 7%. Five Below \u2014 The discount retailer rose more than 2% after JPMorgan upgraded the stock to overweight, citing strong Halloween sales as a catalyst. Carter&#8217;s \u2014 The children&#8217;s clothing company rose 2.7% after third-quarter earnings per share excluding one-time items and operating income both beat Wall Street consensus estimates, according to FactSet data. Keurig Dr Pepper \u2014 The 7-up maker climbed 7% third-quarter revenue of $4.31 billion topped the $4.15 billion expected from analysts polled by FactSet. Keurig Dr Pepper also raised its full-year guidance to high-single-digit revenue growth from mid-single-digit revenue growth. Revvity \u2014 The biotechnology company dropped 3% following a third-quarter revenue miss. Revvity reported $699 million in revenue, versus the $699.4 million consensus estimate, according to FactSet. It also lowered its revenue guidance to between $2.83 billion and $2.88 billion from its prior guidance of $2.84 billion and $2.88 billion. Harley-Davidson \u2014 The motorcycle maker fell 4% after Morgan Stanley cut it to underweight from equal weight, citing lower pricing power and weak secular trends. Life Time Group Holdings \u2014 Morgan Stanley upgraded the health and fitness company to overweight from equal weight, sending shares nearly 5% higher. The firm&#8217;s analysts expect upside consensus estimates as new club growth improves membership trends. DoorDash \u2014 The delivery stock rose 2% after Goldman Sachs reinstated coverage at a buy. Goldman said industry research shows positive momentum in deliveries and called DoorDash a category leader. Beyond Meat \u2014 The meme stock moved 9% lower after more than tripling last week. \u2014 CNBC&#8217;s Lisa Kailai Han, Michelle Fox, Sean Conlon, Pia Singh, Alex Harring, Yun Li, Sarah Min and Liz Napolitano contributed reporting. (Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here .)<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making the biggest moves midday: Qualcomm \u2014 The chipmaker soared more than 11% after announcing artificial intelligence processors to compete with AMD and Nvidia . The AI chips are a shift for Qualcomm , which has previously focused on semiconductors for wireless connectivity and mobile devices, not massive data centers. Intellia [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1975,1976,1974],"class_list":["post-1989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-fermi","tag-organon","tag-qualcomm"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1989"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1990"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}