Stocks making the biggest moves midday: Nvidia, ASML, Advanced Micro Devices and more
Check out the companies making headlines in midday trading: Nvidia — Shares tumbled 7% after Nvidia said it will record a $5.5 billion charge tied to exporting H20 graphics processing units to China, along with other destinations. The company said in a regulatory filing that the U.S. government informed Nvidia it would require a license to export the chips to several countries including China. Shares of Advanced Micro Devices and Micron Technology fell 7% and 1%, respectively, in sympathy. ASML — Shares of the Dutch semiconductor equipment firm lost 7% after ASML missed order expectations and warned of greater demand uncertainty from China tariff restrictions. ASML CEO Christophe Fouquet said tariff-driven uncertainty with some of ASML’s customers could drag the company into the lower end of its full-year revenue guidance. Interactive Brokers — Shares tumbled 9% after the electronic trading platform posted first-quarter earnings of $1.88 per share, excluding items, which came in below the $1.92 per share analysts had expected, per LSEG. The company’s adjusted revenue of $1.40 billion came in line with forecasts. Interactive Brokers also announced a dividend hike of 7 cents to 32 cents per share, alongside a four-for-one stock split. United Airlines — Shares ultimately ended the day unchanged after the airline earned an adjusted 91 cents per share in its first quarter, while analysts polled by LSEG had expected earnings of 76 cents per share. However, United Airlines’ $13.21 billion in revenue was below the forecast $13.26 billion. J.B. Hunt Transport Services — The transportation giant shed 8% after reporting a year-over-year drop in revenue and operating income. However, the company also posted a first-quarter beat on both the top and bottom lines. Omnicom Group — Shares slipped 7% despite the media company posting first-quarter adjusted earnings of $1.70 per share, while analysts polled by LSEG had penciled in earnings of $1.62 per share. Travelers — The stock jumped 1% after the insurance company’s first-quarter earnings topped Wall Street’s expectations. Travelers posted adjusted earnings of $1.91 per share, above the 78 cents per share that analysts polled by LSEG had penciled in. U.S. Bancorp — The bank shed 2% despite posting better-than-expected first-quarter results on both the top and bottom lines. Tesla — Shares slipped 5%. A Tuesday report from Reuters , citing sources with direct knowledge of the matter, said President Donald Trump’s tariffs on Chinese goods could disrupt Tesla’s plans to mass produce its Cybercab and Semi electric trucks in the U.S. Hertz Global — The rental car company climbed 56%. Pershing Square disclosed a new share position worth around $46.5 million in a regulatory filing . Advanced Micro Devices — The semiconductor stock declined 7% after the company said it expects that the latest U.S. export restrictions could result in charges of around $800 million . — CNBC’s Sean Conlon and Pia Singh contributed reporting. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
