Take a look at the companies making headlines in midday trading. Nvidia — Shares of the chip maker and artificial intelligence beneficiary soared 11% after the chip maker and artificial intelligence beneficiary posted strong first-quarter results, issued better-than-expected guidance and announced a 10-for-1 stock split. Other artificial intelligence and related semiconductor companies also rose on the results. AMD shares rose 1.2%. Boeing Co. — Shares of Boeing Co. fell about 6% after Chief Financial Officer Brian West said he expected negative free cash flow and that the company’s second-quarter aircraft deliveries would not recover from the first quarter. %. Boeing is dealing with multiple production challenges on its best-selling plane. Live Nation Entertainment — Shares of Live Nation Entertainment fell 7% after the U.S. Department of Justice filed an antitrust lawsuit seeking to break up Ticketmaster’s parent company. Elf Beauty — Elf Beauty shares surged 21% after the company beat expectations for fiscal fourth-quarter revenue and profit. The cosmetics maker reported fourth-quarter adjusted earnings of 53 cents per share on revenue of $321.1 million. Analysts surveyed by London Stock Exchange Group (LSEG) had expected earnings of 32 cents per share on revenue of $292.6 million. LiveRamp — Shares of LiveRamp rose 7% after fiscal fourth-quarter earnings came in stronger than expected, according to FactSet. Additionally, LiveRamp issued strong current quarter and full-year revenue guidance. GoodRx — Shares of GoodRx rose 3% after Royal Bank of Canada (RBC) upgraded the company to outperform, saying the telemedicine company has significant growth opportunities. Taiwan Semiconductor Manufacturing — Taiwan Semiconductor Manufacturing rose 2% after the chipmaker said it expects annual revenue in the global semiconductor industry to grow 10%. Snowflake — Shares of the cloud computing company fell 3%, giving back early gains on better-than-expected first-quarter revenue and a higher outlook for annual product revenue. Snowflake’s revenue was $829 million, beating consensus forecasts of $786 million, according to LSEG. However, adjusted earnings for the period came in at 14 cents per share, 4 cents below analysts’ consensus estimates. Titan Machinery — Shares of Titan Machinery fell 17% after the farm and equipment maker reported first-quarter profit and revenue that missed estimates, according to FactSet consensus estimates. Triumph Group — The aerospace stock fell 11% after Triumph Group guided for full-year earnings per share of 42 cents through March 2025, missing the FactSet consensus of 70 cents per share. Cytokinetics — The biopharmaceutical stock plunged 15% after issuing $500 million in common stock. JPMorgan, Goldman Sachs and Morgan Stanley are the only joint bookrunners. VF Corp — Shares of VF Corp fell 3.5% after the apparel and footwear company reported an unexpected loss per share. VF Corp lost 32 cents per share in its fiscal fourth quarter, while analysts polled by LSEG expected earnings of 1 cent per share. Revenue also fell short of expectations, at $2.37 billion, compared with the consensus estimate of $2.41 billion. —CNBC’s Michelle Fox and Piaszinger contributed reporting
