Dick’s Sporting Goods shares plunged more than 27% after the retailer reported disappointing revenue, citing a challenging footwear market. The company posted sales of $5.59 billion, below the $5.65 billion analysts had expected, putting the stock on track for its worst day ever. Dynatrace rose 3% after Morgan Stanley upgraded the AI-powered observability platform to overweight, forecasting at least 20% growth and margin expansion over the next few years. Shift4 Payments gained nearly 4% following a Wells Fargo upgrade to overweight from equal weight, noting improved setup after the second quarter and multiple expansion opportunities. Moderna jumped 13%, building on last week’s surge after Wolfe Research upgraded the stock to peer perform, highlighting strong trial results for its joint cancer vaccine with Merck and expecting continued investor enthusiasm. Marvell Technology climbed about 5% after Susquehanna lifted its price target to $265 from $230 and Rosenblatt raised theirs to $300 from $240, citing a brightening long‑term custom XPU story aided by an expanded Google partnership; the firm is set to report earnings Thursday. Advanced Micro Devices added roughly 5% after Raymond James upgraded the chipmaker to strong buy from outperform, setting a new $641 price target that implies 40% upside and projecting AMD to overtake Intel in the CPU market. Broad semiconductor strength lifted Intel more than 1%, Nvidia, and the VanEck Semiconductor ETF (SMH) by over 1%. Kura Oncology advanced almost 10% after CEO Troy Wilson disclosed a purchase of 100,000 shares in a regulatory filing. Navitas Semiconductor increased 5% after announcing it will power management solutions provider Claros in a deal valued at $232.8 million in cash and stock. Reporting contributed by CNBC’s Michelle Fox, Ananya Chetia, Fred Imbert and Darla Mercado.
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