Business
Stocks to Watch: Reddit, Applied Materials, Innventure
↗️ Reddit (RDDT): The social-media platform was selected to join the S&P 500 index. Shares were up 11% in midday trading.
↘️ Applied Materials (AMAT): The semiconductor-equipment maker reported higher third-quarter net income and increased revenue, but failed to impress investors. Shares ticked down nearly 6% in afternoon trading.
↘️ Innventure (INV): Innventure withdrew guidance for its Accelsius data-center liquid-cooling business, citing dynamics in the artificial intelligence infrastructure market. The stock plunged 57%.
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