Check out the companies making the biggest move at noon: Oklo – Advanced Reactor Company surged over 25% after receiving notification that it is likely to win an award for powering an Air Force Base. Okuro will deploy one of Aurora’s great power plants at Ielson Air Force Base in Alaska. The award has not been confirmed and Oklo’s reactor design has not yet been approved by the Nuclear Regulation Authority. GameStop – The stock slipped at nearly 5% after Gamestop posted first-quarter revenue of $732.4 million. Bread Fintech stocks rose 5% as key credit metrics showed improvement in May. The company’s net loss rate fell from 8.8% in May 2024 to 8.0%, but its late rate also improved, relaxing to 5.7%, before 5.9% in May. Tesla – The electric car maker rose 1% on its fourth victory day. Last week, CEO Elon Musk cratered stocks following an online feud with President Donald Trump. Musk said Wednesday that he regrets some of the social media posts he made about Trump. The stock was hit again after Musk promoted the company’s Robotaxis overnight. Chewy – The pet-centric e-commerce retailer fell 10% after recording a revenue of 15 cents per share in the first quarter, missing a 20 cent consensus forecast from analysts voted by LSEG. Meanwhile, Chewy has surpassed Wall Street’s $3.08 billion forecast, seeing revenue of $3.12 billion. Quantum Computing – Quantum Computing stocks have gone on after NVIDIA CEO Jensen Huang told a developer meeting that space was reaching an inflection point. Quantum Computing’s stocks skyrocketed 24%, while Rigetti Computing sped around 17%. Lockheed Martin – After the Pentagon cut demands for a new F-35 fighter jet in half, defense contractors thwarted about 5% when it went from 48 to 24 planes, citing the news that Bloomberg first reported. Sunrun – Solar stock has dropped nearly 3% after Jefferies downgraded and reduced performance from hold to it. Jeffries said the company could face headwinds if solar power in the home does not create a federal budget. Steel Stocks – U.S. steelmaker stocks fell after Bloomberg and Reuters reported that the US and Mexico were approaching an agreement to remove Trump’s 50% tariffs on steel imports to a certain volume, citing sources. Cleveland-Cliffs fell by more than 9%, while Nucor and Steel’s dynamics fell by more than 5% and 2% respectively. GITLAB – Online Software Developer Platform has dropped by more than 8% after the company issued its disappointing revenue forecast. Gitlab looks at second-quarter revenues ranging from $226 million to $227 million, versus the LSEG consensus estimate of $227 million. Goldman Sachs – Shares rose about 2% after Bank of America highlighted the investment bank’s rosy outlook. Analyst Ebrahim Poonawala said Goldman has “proven DNA to adapt to a ever-changing world,” and noted that he is well positioned to handle the shifting macroeconomic background. Bofa has a stock purchase rating and a price target of $700. Dave & Buster’s – The stock rose more than 14% after the company’s comparable sales were lower than expected. “We are encouraged by what we’ve seen in June so far, as the results so far continue to improve over the past month,” interim CEO Kevin Sheehan said in a statement.
Noon stock making the biggest move: Oklo, Chwy, Qubt, GTLB
