See which businesses are grabbing the most attention during noon trading:
Nvidia: Shares dropped over 7% after announcing a $5.5 billion charge due to new export restrictions on its H20 graphics processing units, particularly to China. Other semiconductor stocks like AMD and Micron also fell.
ASML: The Dutch semiconductor equipment company saw a 5% decline after missing order expectations and expressing concerns about demand uncertainty due to tariff issues with China.
Interactive Brokers: Shares decreased by 9% after reporting earnings of $1.88 per share, slightly below expectations. They announced a dividend increase and a four-for-one stock split.
United Airlines: Shares rose nearly 2% following an adjusted earnings report of 91 cents per share, surpassing estimates, although revenue fell short of expectations.
J.B. Hunt: The transportation company lost 7% after reporting a revenue drop compared to last year, despite beating earnings forecasts.
Omnicom Group: Shares fell 5% even after posting adjusted earnings of $1.70 per share, which exceeded analyst estimates.
Travelers: The stock increased by about 2% after reporting first-quarter earnings of $1.91 per share, surpassing expectations.
U.S. Bancorp: Shares edged down 1% despite better-than-expected earnings results.
Tesla: Shares slipped 3% due to potential production disruptions for its Cybercab and Semi trucks linked to tariffs on Chinese goods.
Hertz Global: Shares surged 20% after a significant investment from Pershing Square was disclosed.
Advanced Micro Devices: The stock fell 7% after announcing potential charges of around $800 million due to new U.S. export restrictions.
Source (CNBC)
