Stocks making the biggest moves midday: DELL, SWKS, GME Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves midday: Dell Technologies Shares rallied more than 10% as part of a broader upswing in tech. The gain would be the stock's sixth in seven sessions. Dell also got a boost after RBC initiated coverage with an outperform rating. "We believe DELL is well positioned as a primary beneficiary of the global IT spending environment, as enterprise, sovereigns and cloud providers aggressively direct capital towards AI infrastructure," RBC said. Vicor The power components maker's stock rose about 11%, on pace for its best day since July 30, after the company said it was acquiring two sites in New Hampshire for additional ChiP fab manufacturing. Shopify Shares popped nearly 4% for the Canada-based commerce company after Bernstein initiated coverage for the stock and gave an outperform rating. The analysts gave a $160 price target, implying a 26% upside from Thursday's close and noted AI would expand rather than hurt the company's performance. Skyworks Solutions Shares rose more than 8% after the semiconductor company said at a Goldman Sachs conference that it expects its acquisition of Qorvo to close before year-end. Qorvo shares advanced 5%. Qualys The cybersecurity stock fell 6% following a downgrade at Wedbush to neutral from outperform. The firm said Qualys' core business is facing significant pressure. GameStop Shares of the video game retailer and meme stock climbed nearly 3% after CEO Ryan Cohen disclosed he purchased 1 million shares at an average price of $20.375. Cohen now owns 39.347 million shares. As of Thursday's close, that stake was valued at around $802.28 million. Oracle The software giant's stock was down slightly after its post-earnings rally fizzled. Shares rose as much as 10% after Oracle said it earned $1.92 per share on an adjusted basis and posted revenue of $19.35 billion. Analysts polled by LSEG sought $1.74 per share and $19.14 billion. RH Shares of the home furnishings retailer rose almost 2%. RH posted second-quarter revenue of $922 million, beating the LSEG consensus call for $915 million. Full-year revenue guidance calls for growth in a range of 5.5% to 7%, while analysts sought a 5.6% increase. NuScale Power The designer of small modular reactors' shares tumbled 14% after UBS downgraded the stock to sell from neutral, dialing back its price target to $6 from $10 and pointing to NuScale's long build timeline. Oklo The nuclear power stock slid more than 7% after the company entered an at-the-market common stock sale agreement . CNBC's Nick Wells contributed reporting.
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