Check out the companies making headlines in midday trading: Intel — Shares declined 4.2%. Earlier in the day, shares rose more than 2% after Reuters, citing two sources familiar with the matter, reported that chipmakers Nvidia and Broadcom are running manufacturing tests with Intel . The tests signal that both companies are heading closer toward committing hundreds of millions of dollars’ worth of manufacturing contracts to Intel, Reuters said. Chinese automakers — U.S. shares of Chinese electric vehicle brands fell on the heels of their latest deliveries reports . Shares of Xpeng slid 5.8%, and Nio dropped 8.6%, while Li Auto plunged 10.9%. Nvidia — The artificial intelligence chip darling’s stock shed 8.7%, marking an about-face from the nearly 4% gain it saw during Friday’s session. The move comes after The Wall Street Journal reported late Sunday that Chinese buyers are circumventing U.S. export controls to order the company’s Blackwell chips. Crypto stocks — Stocks tied to the price of bitcoin closed lower on Monday after rising earlier in the session on the heels of U.S. President Donald Trump offering new details on a strategic crypto reserve for the country. Shares of Mara Holdings closed 0.9% lower after gaining nearly 8%, while MicroStrategy sank 1.8% after advancing more than 4%. Coinbase fell 4.6% after climbing almost 2%. SanDisk — The computer technology company moved 7.4% higher after Morgan Stanley initiated coverage of the stock with an overweight rating. The firm anticipates tough times in the near term for SanDisk, but sees upside surging as cyclical drivers reverse. Allegro MicroSystems — The stock rallied 14.9% after Bloomberg News, citing people familiar with the matter, reported that the chipmaker has drawn takeover interest from ON Semiconductor. ON Semiconductor , meanwhile, was 4.6% lower after moving about 0.5% higher following the report. AppLovin — The stock surged 3.6% after the mobile advertising company disclosed in a regulatory filing that $500 million in shares will be immediately available for repurchase. Capri Holdings — Shares climbed 3.9% on the back of Bloomberg News, citing people familiar, reporting that Prada is closer to sealing a deal to buy Versace from Capri for an agreed-upon price of almost 1.5 billion euros, or around $1.6 billion. The deal could close this month, Bloomberg said. Chipotle Mexican Grill — The restaurant stock rose 0.7% after an upgrade to overweight from equal weight at Morgan Stanley. The investment firm said recent demand issues do not appear to reflect a structural problem with Chipotle and that this could be a good entry point for investors to buy the stock, which has struggled in 2025 so far and is up just 2% over the past 12 months. Aurora Innovation — The self-driving vehicle tech stock decreased 4.5%. The stock added 3% earlier in the day after Morgan Stanley initiated shares at an overweight rating . As a catalyst, analyst Ravi Shanker pointed to Aurora’s planned April launch of its first commercial driverless operations between Dallas and Houston, which will further solidify Aurora’s position as a key industry leader. Thor Industries — Shares of the recreational vehicle maker jumped 0.3% after Bank of America upgraded Thor to buy from neutral , forecasting a rebound for shares as the company expands its customer base and increases its shipments. — CNBC’s Jesse Pound, Lisa Kailai Han, Pia Singh and Michelle Fox contributed reporting.
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