Check out the companies making headlines in the midday trading business, with NVIDIA’s $5.5 billion claims related to exporting H20 graphics processing units to China along with other destinations, NVIDIA’s $5.5 billion claims, stocks that have fallen by 7%, check out the companies making headlines in the midday trading. The company said in a regulatory filing, the US government informed NVIDIA that it needed a license to export chips to several countries, including China. Stocks in Advanced Micro Devices and Micron Technology fell 7% and 1% respectively. ASML – The Dutch semiconductor equipment company’s shares lost 7% after ASML missed order expectations and strengthened uncertainty in demand from Chinese tariff restrictions. ASML CEO Christophe Fouquet said that tariff-driven uncertainty with some ASML customers can draw the company to the bottom of the year-round revenue guidance. Interactive Broker – Stocks fell 9% after the electronic trading platform listed first-quarter earnings of $1.88 per share. The company’s adjusted revenues were in line with its $1.4 billion forecast. The interactive broker also announced a dividend hike of 7 cents to 32 cents per share, along with a 4-1 stock split. United Airlines – The stock eventually ended the day after the airline scored an adjusted 91 cents per share in the first quarter, but analysts voted by LSEG expected revenues of 76 cents per share. However, United Airlines’ $132.1 billion revenue was below $13.26 billion. JB Hunt Transport Services – The transportation giant fell 8% after reporting a decline in revenue and operating profit year-over-year. However, the company also posted first-quarter beats on both the top and bottom lines. Omnicom Group – The stock fell 7% despite media companies posting first-quarter adjusted revenue of $1.70 per share, while analysts voted by LSEG were penciling in with profits of $1.62 per share. Traveler – The stock rose 1% after the insurance company’s first quarter revenues broke Wall Street expectations. Travelers recorded an adjusted earnings of $1.91 per share. That’s over 78 cents per share, which was voted by analysts voted by LSEG. US Bancorp – Banks recorded first quarter results expected at both the top and bottom. Tesla – Stocks slipped 5%. Tuesday’s report from Reuters quotes sources firsthand about the issue, saying President Donald Trump’s tariffs on Chinese goods could disrupt Tesla’s plans to mass-produce cybercabs and semi-electric trucks at US Hertz Global. Pershing Square has disclosed a new equity position worth approximately $46.5 million in regulatory filings. Advanced Micro Devices – Semiconductor inventory fell 7% after saying it expects it could incur charges of around $800 million due to the latest US export restrictions. -CNBC’s Sean Conlon and Pia Singh contributed the report. Get tickets for Pro Live Join us on the New York Stock Exchange! An uncertain market? Earn Edge with CNBC Pro Live, the first exclusive event on the historic New York Stock Exchange. Access to expert insights is paramount in today’s dynamic financial situation. As a CNBC Pro subscriber, we encourage you to take part in the first exclusive, in-person CNBC Pro live event held at the iconic NYSE on Thursday, June 12th. Join ProSCarter Worte, an interactive pro clinic led by Dan Niles and Dan Ives, along with a special edition of Pro Talks with Tom Lee. You will also get the opportunity to network with CNBC experts, talent and other pro subscribers during exciting cocktail hours on the legendary trading floor. Tickets are limited!
Noon in the biggest moves: NVDA, ASML, AMD
