NVIDIA President and CEO Jen-Hsun Huang
Robert Galbraith | Reuters
Check out which companies are making the headlines in midday trading.
KB Home The homebuilder’s shares fell 5% at midday after it lost the top and bottom of its quarterly results. KB Home reported earnings of $1.47 per share on revenue of about $1.40 billion. Wall Street expected earnings of $1.56 per share on revenue of $1.50 billion, according to Refinitiv.
Nicola The electric car company’s stock jumped 3.6%. company The production of the electric version of the battery has begun of Tre semitruck at its factory in Coolidge, Arizona.
nvidiaAnd the Intel Corporation Shares of the two companies popped into midday trading after reports that Nvidia might consider acquiring computer chips from Intel, according to for Bloomberg. Also, Intel CEO Pat Gelsinger has been urging US government officials to support legislation to help semiconductor production. Nvidia’s stock price jumped 8.4% and Intel’s stock jumped 5.4%.
Jim Stop Shares of the video game company fell 5% after a seven-day winning streak. The stock rose 14 percent on Wednesday after President Ryan Cohen Bought more than 100,000 shares He raised his stake to 11.9%.
steel case – Shares of the office furniture maker plunged more than 7% by midday. The company posted an unexpected loss last quarter, even as revenue exceeded expectations. Steelkes cited supply chain issues and inflationary pressures.
Logitech Shares of the computer peripherals maker jumped 6.4% after Bank of America I started covering the company With a buy rating. Although the stock is down about 13% this year, the analyst covering Logitech said it’s “too inexpensive to ignore.”
net app The cloud company’s share price decreased by 2.2% in afternoon trading. Bank of America analysts on Thursday downgraded the company To neutrality from buying, saying that NetApp has limited upside from here.
Uber Shares of the ride-sharing company jumped nearly 4% after news of an agreement Taxi Advantage in New York City on its application. Through the deal, Uber will work with taxi calling apps Curb and Creative Mobile Technologies.
Cleveland Cliffs The company’s shares rose nearly 10% at midday as a global shortage of steel stimulated interest in the manufacturer.
– CNBC’s Margaret Fitzgerald, Yoon Lee, Tanaya Machel, Jesse Pound and Samantha Soobin contributed to the report.
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