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Stocks making the biggest moves midday: Nvidia, Boeing, Splunk, Dollar Tree and more

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Nvidia’s A100 GPU, used to train ChatGPT and other generative AI, is shown at the demo center of Nvidia’s headquarters in Santa Clara, California, Feb. 9, 2023.
Katie Tarasov

Check out the companies making headlines in midday trading.

Nvidiaafter the company reported a beat on the top and bottom lines. The strong performance was driven by its data center business, which includes the A100 and H100 AI chips needed to build and run artificial intelligence application. Nvidia also offered strong guidance amid a surge in demand for chips, suggesting sales in the current quarter will grow 170% from the year-earlier period.

AMDMarvell Technology

Boeingdeliveries of the 737 Max will be delayed after it discovered new manufacturing flaws. Fastener holes on the aft pressure bulkhead on some of the plans were improperly drilled, the company said. Spirit AeroSystems, which builds the fuselages, dropped 16.5%.

Dollar Tree

Discover Financial Servicesan upgrade to outperform from Wolfe, which said the company’s “recent underperformance fueled by internal control and risk management deficiencies” could spur a buying opportunity for investors.

Splunk

Autodesk

Snowflake

Guess

— CNBC’s Alex Harring, Yun Li and Michelle Fox contributed reporting.

Correction: Dollar Tree issued weaker-than-expected third-quarter guidance. A previous version misstated the name.

Dollar Tree’s shares sink, as CEO says ‘challenging’ economy is pressuring discounter

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