Here’s a look at companies that were trending in midday trading: NIO — Shares rose 3.5% after JPMorgan upgraded the Chinese electric vehicle maker’s U.S. shares to overweight from neutral. The firm said NIO is showing signs of recovery after a tough year so far. Supermicro Computer — Shares fell more than 6% after JPMorgan downgraded the artificial intelligence server maker’s shares to neutral from overweight. JPMorgan said it saw no reason to buy the stock amid uncertainty about a return to regulatory compliance. Supermicro said in late August it would postpone the release of its annual 10-K report. The bank also lowered its price target by $450 to $500. DocuSign — Shares of the software company rose about 4% after second-quarter results beat expectations, helped by solid subscription growth. DocuSign reported adjusted earnings per share of 97 cents on revenue of $736 million. Analysts surveyed by LSEG had expected earnings of 80 cents a share and revenue of $727 million. Guidewire Software — The software stock rose 12.4% after the company reported better-than-expected fourth-quarter results. In the period, Guidewire earned 62 cents a share, excluding items, on revenue of $291.5 million, beating analysts’ expectations of 54 cents a share and $283.8 million, according to FactSet. The company’s full-year revenue outlook also beat expectations. UiPath — The software stock fell 6% on Friday in a tech-led market sell-off. UiPath’s second-quarter adjusted earnings and revenue beat expectations, but that didn’t help lift the stock. The company also expanded its share repurchase program. Bowlero — The bowling alley shares rose 6.6%. The company reported better-than-expected fourth-quarter revenue of $283.9 million. Analysts surveyed by FactSet were seeking $273.4 million. INTEL, MOBILEYEYES — Shares of self-driving technology company Mobileye fell 8.5%. Bloomberg reported, citing people familiar with the matter, that chipmaker Intel is considering selling its stake in Mobileye. Intel shares fell 2.6%. SEMICONDUCTOR STOCK — Semiconductor stocks were sold off broadly on Friday, with the VanEck Semiconductor ETF falling more than 4%. Nvidia fell 4.1% and KLA Corporation fell 3.5%. Shares of Marvell Technology and U.S.-traded ASML Holdings each fell more than 5%. — CNBC’s Yun Li, Alex Harring, Jesse Pound, Michelle Fox, Lisa Han and Sean Conlon contributed to this report.
INTC, NIO, SMCI, etc.
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