Tech Stocks Surge: HPE, Salesforce, and Nvidia Lead the Rally

Top Stock Movers Now: Hewlett Packard Enterprise, Salesforce, Visa, and More

U.S. equities were mostly lower at midday Wednesday, a day after the Dow Jones Industrial Average and the S&P 500 closed at fresh record highs. The Dow and the S&P 500 were down, and the Nasdaq was little changed. Hewlett Packard Enterprise (HPE) shares jumped following an upgrade and price target increase from Barclays on the information technology firm's reach into the artificial intelligence (AI) market. An AI play lifted shares of Salesforce (CRM), which bought startup data management provider Zoomin for $450 million. Cintas (CTAS) shares climbed after the uniform and other business supplies provider posted better-than-expected results and raised its guidance as its gross margin improved. General Motors (GM) and Ford Motor (F) shares fell following downgrades from Morgan Stanley, which pointed to competition from Chinese automakers. Shares of Global Payments (GPN) declined when the financial technology firm told investors it was updating its "strategic focus" as it gave guidance for the next three fiscal years. Visa (V) shares declined for a second day on word the U.S. Department of Justice (DOJ) has filed an antitrust lawsuit against the payment processor. Oil futures dipped. Gold prices reached another all-time high. The yield on the 10-year Treasury note gained. The U.S. dollar was up on the euro, pound, and yen. Most major cryptocurrencies moved lower.

Hewlett Packard Enterprise, Nvidia, Progress Software And Other Big Stocks Moving Higher On Wednesday - NVIDIA (NASDAQ:NVDA)

U.S. stocks were mixed, with the Dow Jones index falling around 0.2% on Wednesday. Shares of Hewlett Packard Enterprise Company HPE rose sharply during Wednesday's session after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $20 to $24. Hewlett Packard Enterprise shares jumped 5.5% to $19.92 on Wednesday. Here are some other big stocks recording gains in today's session. SBC Medical Group Holdings Incorporated SBC shares jumped 26.2% to $8.37. Capricor Therapeutics, Inc. CAPR gained 21.8% to $11.09. Maxim Group and Oppenheimer increased price targets on the stock. Cipher Mining Inc. CIFR gained 15.5% to $3.9750. Northland Capital Markets analyst Mike Grondahl initiated coverage on Cipher Mining with an Outperform rating and announced a price target of $6. Rezolve AI Limited RZLV jumped 14% to $5.61. Progress Software Corporation PRGS shares jumped 12.9% to $64.52 after Oppenheimer raised its price target on the stock from $66 to $70. The stock is also moving on continued strength following strong third-quarter earnings and guidance yesterday. Xiao-I Corporation AIXI gained 10.8% to $4.98. Biohaven Ltd. BHVN surged 9% to $49.09. Biohaven recently announced its study of Troriluzole for the treatment of spinocerebellar ataxia in achieved the primary endpoint. Flutter Entertainment plc FLUT surged 8.3% to $246.99. Flutter Entertainment outlined long-term growth plan and up to $5 billion share repurchase program authorization. Rocket Lab USA, Inc. RKLB gained 8% to $8.20. The company announced its electron low Earth orbit mission on Friday Sept. 20th. Trump Media & Technology Group Corp. DJT gained 7.6% to $13.77. POET Technologies Inc. POET climbed 7.5% to $5.11. Upstart Holdings, Inc. UPST gained 7% to $40.26. MINISO Group Holding Limited MNSO gained 5.4% to $14.13. Intel Corporation INTC gained 4% to $23.73. NVIDIA Corporation NVDA shares rose 3% to $124.44. The company's CEO Jensen Huang adopted a Rule 10b5-1 trading plan earlier this year. According to a Barron's report, the Nvidia CEO has completed selling the maximum number of shares under the plan several months early. Now Read This: Top 5 Industrials Stocks That May Collapse In Q3 Market News and Data brought to you by Benzinga APIs