In midday trading, several companies experienced significant stock movements. FuboTV skyrocketed 242% after announcing a partnership with Walt Disney to merge their live TV businesses, with Disney holding 70% ownership. Pony AI gained 2% as it plans to launch robotaxi services in Hong Kong, marking its global expansion. Paycor’s shares surged 24% on reports of advanced acquisition talks with Paychex. T-Mobile’s stock fell 4% following a downgrade from Wells Fargo, which cited slowing growth and high valuation risks. Dutch Bros rose 2% after being upgraded to outperform, while Capri Holdings increased by over 6% due to an upgrade from BMO, which noted excessive negative sentiment. VeriSign’s stock jumped nearly 3% after Berkshire Hathaway acquired additional shares. American Airlines saw a 5% jump after TD Cowen upgraded its rating to buy, while Citigroup rose 4% post-upgrade by Barclays amid improved revenue prospects. Chip stocks also surged following Foxconn’s record revenue, with significant gains for major firms. MicroStrategy climbed nearly 5% as it targets a $2 billion capital raise for bitcoin acquisitions, and Plug Power soared 19% due to favorable tax rules for hydrogen production. Chewy’s stock increased 4% following an upgrade from Mizuho.
