Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more

Check retired the companies making the biggest moves midday Friday.

Ford — Shares popped astir 7% aft Ford and Tesla announced a partnership precocious Thursday that volition springiness Ford owners entree to much than 12,000 Tesla Superchargers successful the U.S. and Canada. Tesla's banal gained 5%.

Marvell Technology — The semiconductor banal soared 28% aft the company's net bushed expert expectations. Marvell Technology besides expects gross maturation to accelerate successful the 2nd fractional of the fiscal year, with CEO Matt Murphy citing artificial quality arsenic a "key maturation driver."

Ulta Beauty — Shares of the quality retailer tumbled much than 12% pursuing the company's first-quarter net announcement. Despite reporting an net and gross beat, shares fell connected the company's reduced operating borderline outlook for the afloat year.

Paramount — Shares of the media institution gained much than 5% aft National Amusements, Paramount's bulk voting shareholder, announced a $125 million preferred equity concern by BDT Capital Partners. Loop Capital upgraded Paramount to a clasp standing from a merchantability successful airy of the news. The Wall Street steadfast said the bull lawsuit is the fiscal unit volition unit Paramount to find a purchaser and shareholders volition execute backstage marketplace value.

Gap — Shares of the apparel retailer jumped 11% adjacent aft the institution posted nett losses and declining income Thursday for its astir caller quarter. Investors cheered Gap's large betterment successful its margins, which it attributed to reduced promotions and little aerial freight expenses.

Workday — The banal rallied much than 11.1% aft its first-quarter net and gross bushed analysts' expectations. Workday besides raised the debased extremity of its full-year subscription gross guidance and named a caller main fiscal officer, Zane Rowe.

RH — Shares tumbled astir 3.7% aft the retailer's second-quarter guidance missed analysts' expectations. The institution besides warned of accrued markdowns. However, RH bushed estimates for first-quarter adjusted net per stock and revenue, per Refinitiv, erstwhile it reported results aft Thursday's close.

Deckers Outdoor — Deckers Outdoor popped 2.3% aft the footwear institution down Ugg and HOKA shoes reported fiscal fourth-quarter results that exceeded analysts' expectations. However, it gave full-year net and gross guidance that was little than expected.

American Express — Shares added much than 3% successful midday trading. On Friday, Morgan Stanley said the caller sell-off was "overdone" and with the banal trading astatine its cheapest level successful years, it's a good introduction point for investors.

Nvidia — The semiconductor banal added 1.7%, a time aft surging 24% connected the backmost of the AI darling's blowout net report. The determination higher Friday takes Nvidia person to reaching a $1 trillion marketplace cap.

Monolithic Power Systems — The banal was among those getting a boost from Nvidia's net study and the excitement implicit AI. Monolithic Power Systems rallied 6.7%, portion Arista Networks gained 8.1%. Broadcom moved 7% higher, NXP Semiconductors added 4.4% and Adobe besides roseate 4.4%.

— CNBC's Hakyung Kim, Yun Li, Tanaya Macheel and Sarah Min contributed reporting.