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Midday movers: Walmart, Chubb and Trade Desk rise; Meta, GameStop fall

Here are some of the biggest U.S. stock movers today:

  • Walmart (NYSE:WMT) stock rose 6% after the retail giant topped quarterly earnings and revenue expectations, helped by significant e-commerce gains

  • Chubb (NYSE:CB) stock rose 4% after Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) revealed it had taken a $6.72 billion stake in the insurer.

  • Cisco Systems (NASDAQ:CSCO) stock fell 2% despite the communications equipment maker reporting stronger-than-expected quarterly earnings. as guidance failed to impress Wall Street.

  • Meta Platforms (NASDAQ:META) stock fell 1.4% after the European Commission launched an investigation into the Facebook parent over alleged breaches of the bloc’s strict online content law to do with child safety risks.

  • AMC Entertainment (NYSE:AMC) stock and GameStop (NYSE:GME) stock both posted double-digit losses as the buying behind these so-called meme stocks ran out of steam.

  • Dell (NYSE:DELL) stock fell 1.7% despite investment firm Evercore ISI raising its price target for the tech giant, rated ‘outperform’, to $165 from $140, stating that they believe the company has won a large portion of business for Tesla’s AI server buildout. The stock pared gains after surging on Wednesday.

  • Deere & Company (NYSE:DE) stock fell 3% after the maker of agricultural and construction machinery offered disappointing earnings guidance even after posting better-than-expected numbers for its fiscal second quarter.

  • JD (NASDAQ:JD) ADRs rose 0.1% after the Chinese retailer beat expectations with its first-quarter revenue, as price cuts and discount coupons helped price-conscious customers.

  • AMD (NASDAQ:AMD) rose 4.9%, adding to recent gains,. It was added to analysts' top stocks list Thursday morning, which helped boost shares.

  • The Trade Desk Inc . (NASDAQ:TTD) rose 3.6% after Netflix (NASDAQ:NFLX) said it will launch an in-house ad tech platform and expand its partnership with Trade Desk and Magnite (MGNI). Magnite shares rose 30%.

  • Target (TGT) rose 2.75% in sympathy with rival Walmart (NYSE: WMT) after Walmart reported strong quarterly results. Dollar General (NYSE:DG) shares also rose, climbing 3%.

  • 3M Co. (NYSE:MMM) rose 3%, hitting a 52-week high. The stock was upgraded to 'buy' at Vertical Research with a price target of $140.