Here’s a look at the top gainers at midday: Accenture — Shares of Accenture rose 7.3% after the consultancy reported more than $900 million in orders for generative artificial intelligence in the third quarter, bringing the total for the fiscal year to $2 billion. Gilead Sciences — Shares of Gilead Sciences soared 7.7% after the biotech said a Phase 3 trial showed its HIV drug lenacapavi was 100% effective in preventing the disease in women. Trump Media & Technology Group – Former President Donald Trump’s company said on Tuesday that the U.S. Securities and Exchange Commission had declared effective the registration of a new stock offering by Trump Media, sending the stock down 13.5%. Super Micro Computer – Shares of Super Micro Computer rose 5% after Elon Musk said the company would help his artificial intelligence company xAI build a supercomputer. Darden Restaurant, the parent company of Olive Garden and LongHorn Steakhouse, reported mixed fourth-quarter financial results, sending its shares up 2%. Adjusted earnings per share were $2.65, higher than the $2.61 expected by analysts polled by LSEG. Revenue was $2.96 billion, missing consensus estimates of $2.97 billion. Advanced Micro Devices — Shares of Advanced Micro Devices rose 4.6% after Piper Sandler named the semiconductor maker its top pick. The company said its prospects are “bright” heading into the second half of this year. Winnebago Industries — The recreational vehicle maker’s quarterly report showed year-over-year revenue and net profit declines, sending shares down 4%. Winnebago reported fiscal third-quarter adjusted earnings of $1.13 per share on revenue of $786 million. Analysts polled by FactSet expected earnings of $1.31 per share and revenue of $798.3 million. TransUnion – Shares of the consumer credit reporting agency rose 2.6% after Bank of America upgraded its rating to “buy” from “neutral.” Analyst Heather Balsky cited attractive valuations as a result of the recent pullback as the reason for the change. Jazz Pharmaceuticals — The biotech’s experimental drug to treat essential tremor did not show a statistically significant improvement compared with placebo in a mid-stage study, sending the company’s shares down 3.6%. Commercial Metals — Shares of Commercial Metals rose 5.6% after the company reported better-than-expected third-quarter revenue. Revenue was $2.08 billion, compared with the FactSet consensus estimate of $2.02 billion. Profits were in line with expectations. Jabil — Shares fell 8%. Jabil’s latest quarterly results beat earnings and revenue estimates. However, the electronic components maker said the automotive and transportation markets were “soft.” KB Home — Shares of KB Home rose 3.5% after the homebuilder reported second-quarter revenue and net income that beat estimates. KB Home reported earnings of $2.15 per share on revenue of $1.71 billion. Analysts polled by LSEG expected earnings of $1.80 per share and revenue of $1.65 billion. The company noted that net orders increased 2% from the previous year. —CNBC’s Alex Harring, Hakyung Kim, Sarah Min, Jesse Pound and Lisa Han contributed reporting.
