Sector Update: Tech Stocks Slide in Late Afternoon Trading

Investing.com -- Advanced Micro Devices Inc. (NASDAQ:AMD) is reportedly in discussions with Asia-based companies regarding the sale of its data center manufacturing plants, as reported by Bloomberg, citing to sources familiar with the situation. The chipmaker had agreed to acquire these facilities last year.

Several Taiwanese firms, including Compal Electronics Inc., Inventec Corp., Pegatron Corp., and Wistron Corp., have shown interest in acquiring these assets. The value of the plants, including debt, is estimated to be between $3 billion and $4 billion.

The sources, who requested anonymity due to the confidential nature of the discussions, indicated that a sale could be announced as soon as the second quarter. However, they stressed that deliberations are still ongoing and there is no certainty that a deal will be reached by AMD, which is based in Santa Clara, California.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Friday's trading session is showcasing significant movements across mega-cap and large-cap stocks, with some companies experiencing sharp declines while others enjoy notable gains. Market participants are reacting to a mix of investigative news and investor actions, influencing intra-day stock performance. Here's a look at some of the most impactful stock movers today.

Mega-Cap Movers (Market Cap $200B+):

• UnitedHealth Group (NYSE:UNH); DOJ Launches Investigation Into Medicare Billing Practices: -6.53%
• Tesla Motors (NASDAQ:TSLA): -4.42%
• Alibaba-exch (BABA); Ryan Cohen Boosts Stake to $1B: +4.58%
• General Electric (NYSE:GE): -3.67%
• Avago Technologies (NASDAQ:AVGO): -3.7%

Large-Cap Stock Movers (Market Cap $10B-$200B):

• Oaktree Acquisition Corp (NYSE:HIMS); Hims & Hers acquires California peptide facility: -22.73%
• Akamai Technologies Inc (NASDAQ:AKAM); Guidance falls short of expectations: -20.72%
• Nu Holdings (NYSE:NU); Margin pressure overshadows earnings beat: -18.48%
• Sprts Frmr (NASDAQ:SFM); Raises 2025 outlook: -17.64%
• Square Inc (NYSE:XYZ); Block Announces Q4 2024 Results: -18.6%

Mid-Cap Stock Movers (Market Cap $2B-$10B):

• Globant SA (NYSE:GLOB); Guidance disappoints following top-line miss: -25.19%
• Celsius Holdings (NASDAQ:CELH); To Buy Rival Alani Nu For $1.8B: +29.81%
• Pony Ai Inc (PONY); Offers Robotaxi Operations Connecting Guangzhou's City Center: +26.96%
• Vicor Corp (VICR); Reports Results for Q4 and Year Ended December 31, 2024: +21.24%
• CarGurus (NASDAQ:CARG); Posts mixed Q4 results, weak guidance: -18.89%

Small-Cap Stock Movers (Market Cap $300M-$2B):

• Diginex Inc (DGNX); Announces Secondary Listing on Frankfurt Stock Exchange: +22.83%
• Solaris Oilfield Infrastructure (NYSE:SEI); Announces Q4 and Full Year 2024 Results: +22.05%
• LifeMD (LFMD): -25.07%
• Acco Brands Corp (NYSE:ACCO); Earnings miss, weak guidance: -19.66%
• Savers Value Village (SVV); Misses Q4 estimates: -19.76%

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This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.