Midday Market Movers: Berkshire, AMD, Circle, FedEx, UPS & More Shake Up Stocks

Midday trading saw significant shifts as major companies like Berkshire Hathaway, AMD, and Circle Internet Group posted notable moves. Amazon's announcement of its new freight and logistics service sent shockwaves through the logistics sector, while biotech and travel stocks reacted to fresh developments and earnings reports.

These market movements highlight evolving industry dynamics, from tech upgrades and AI-driven acquisitions to geopolitical impacts on fuel prices, offering investors critical insights into sectors poised for growth or facing headwinds.

Logistics Sector Faces Pressure Amid Amazon's New Supply Chain Venture

Amazon's launch of Amazon Supply Chain Services, a comprehensive freight, distribution, fulfillment, and parcel shipping business, rattled logistics stocks. GXO Logistics plunged 11%, UPS dropped nearly 10%, and FedEx along with C.H. Robinson each fell 9%. Meanwhile, Amazon's shares edged up 1%, signaling investor confidence in its expansion.

Berkshire Hathaway Gains Confidence Boost from CEO Greg Abel

Both classes of Berkshire Hathaway stock climbed almost 1% following CEO Greg Abel's reassuring performance at the annual shareholders meeting. Abel emphasized the company's solid recent results and future opportunities, dismissing any plans to break up the conglomerate.

Tech and Biotech Stocks Rally on Upgrades and Clinical Success

GlobalFoundries surged 4% after Cantor Fitzgerald upgraded the stock, projecting earnings growth supported by margin expansion and exposure to high-value markets like silicon photonics and automotive AI. Biotech firm Celcuity jumped nearly 18% following positive phase 3 trial results for its breast cancer treatment, showing significant progression-free survival improvements.

Major Deals and Market Moves: AI-Driven Travel Acquisition and eBay Offer

Investment firm Long Lake announced a $6.3 billion acquisition of Global Business Travel Group, betting on AI's transformative impact on corporate travel, sending the stock soaring 57%. Meanwhile, eBay shares rose nearly 7% after GameStop made an unsolicited $55.5 billion offer to acquire the online marketplace, aiming to challenge Amazon's dominance, though GameStop's shares fell 6%.

Crypto Stocks and Bitcoin Surge on Bipartisan Regulatory Progress

Crypto platforms rallied after Senators Thom Tillis and Angela Alsobrooks reached bipartisan agreement on key provisions of the CLARITY Act, a crypto market structure bill. Circle Internet Group soared 16%, Coinbase gained 7%, and BitGo climbed 11%. Bitcoin also surpassed $80,000 for the first time since January, reflecting renewed investor enthusiasm.

Challenges Hit Norwegian Cruise Line and AMD Amid Rising Costs and Downgrades

Norwegian Cruise Line's shares dropped 8% after slashing its quarterly and annual forecasts due to soaring fuel prices linked to U.S.-Iran tensions. The company reported a modest first-quarter profit but faces ongoing cost pressures. Meanwhile, AMD slipped nearly 5% following an HSBC downgrade citing concerns over tight semiconductor capacity in 2026.

Looking Ahead: Market Volatility and Sector Opportunities

Investors should watch how Amazon's logistics expansion reshapes the freight industry and monitor regulatory developments impacting crypto markets. Biotech breakthroughs and AI-driven acquisitions signal growth potential, while geopolitical risks and supply constraints may continue to challenge sectors like travel and semiconductors.