US Top News and Analysis | Stocks making the biggest moves midday: Akamai Technologies, Micron, Nebius, Alibaba & more AI generated summary, Read the full article for complete information. Midday trading saw a broad rally in chip stocks, with the VanEck Semiconductor ETF (SMH) gaining more than 1% and companies such as Micron Technology (+3%), On Semiconductor (+10%), Marvell Technology (+7%) and Nvidia (+2%) all advancing. Akamai Technologies jumped almost 7% after Bank of America upgraded the stock and highlighted its transition to an AI‑infrastructure platform. AI‑focused cloud firm Nebius surged 16% on a 684% revenue jump to $399 million and the announcement of a new AI factory in Pennsylvania. U.S.–listed Alibaba climbed 6% after reporting a 38% increase in first‑quarter cloud revenue and expanded AI investments. EchoStar rose 4% following FCC approval of a $40 billion spectrum sale to AT&T and SpaceX, while energy company Nextpower gained 12% after raising its full‑year revenue outlook to $3.8‑$4.1 billion. Conversely, Birkenstock fell over 10% and Resideo Technologies dropped 17% after missing earnings and revenue forecasts, respectively. Photonics names benefitted from the AI theme, with Coherent up 6%, Lumentum up more than 2% and Corning up nearly 2%. Wix.com tumbled 30% after reporting earnings of 68 cents per share, well below expectations. Read more: https://www.cnbc.com/2026/05/13/stocks-making-the-biggest-moves-midday-akam-mu-nbis-baba.html #AkamaiTechnologies #MicronTechnology #Alibaba #Nvidia #ATT #SpaceX #Birkenstock #Wixcom #ResideoTechnologies #Corning #