Check out the companies making the biggest moves in intraday trading: Microsoft — Shares rose nearly 4% after Pershing Square’s Bill Ackman said he was accumulating in the company’s stock since it fell following its second-quarter earnings report. The hedge fund manager revealed the investment amount in a lengthy post on Friday ahead of his company’s quarterly 13F filing, but did not disclose its size. He argued that the assessment was “very convincing”. ServiceNow — Shares of this AI platform rose nearly 5% after the company signed a multi-year partnership with Experian. The two companies plan to collaborate on developing autonomous AI agents. Ford — Shares fell about 7% after the company’s shares soared more than 20% in recent trading as investors focused on the company’s battery storage plans tied to a broader AI deal. Analysts said Friday that the recent rally appears to be driven by enthusiasm for the planned business rather than short-term fundamentals. RBC analysts estimated that the division could ultimately be worth between $1 billion and $5 billion. Applied Materials — Shares fell about 2% even though the semiconductor equipment supplier reported better-than-expected second-quarter results on revenue and bottom line. Applied Materials earned $2.86 per share, excluding items, on revenue of $7.91 billion. Analysts surveyed by LSEG had expected earnings of $2.66 per share and revenue of $7.65 billion. Semiconductor stocks — Many semiconductor stocks fell as the iShares Semiconductor ETF was on track to break its six-week winning streak. Marvell Technology stock fell 3%, and Intel stock fell nearly 7%. ASML and Arm stock prices fell about 5% and 8%, respectively. Advanced Micro Devices stock fell 4%. Cerebras Systems — The chipmaker’s stock fell 5% after surging 68% in its Nasdaq debut on Thursday. Starbucks — Shares rose less than 1% after the company announced plans to lay off about 300 U.S. corporate employees in the third round of job cuts since Chief Executive Officer Brian Nicol took over the company. Figma — Shares soared nearly 9% after the collaborative interface design tool posted first-quarter earnings of 10 cents per share on an adjusted basis on revenue of $333 million. Analysts polled by LSEG had expected earnings of 6 cents a share and revenue of $313 million. Magnum Ice Cream — Shares of the ice cream and frozen dessert maker rose more than 17% after Reuters reported that Blackstone and CD&R were among the companies considering acquisitions for the company. Potential bidders are waiting for summer sales before making any move, Reuters reported. DexCom — Shares of the diabetes management company rose about 8% after DexCom announced an agreement with Elliott Investment Management to appoint two new independent directors to its board of directors. Papa John’s International — Shares rose more than 4% after Reuters reported that the company’s largest franchisee was considering buying the company. Irth Capital is working with a franchisee who owns 10% of the company’s domestic operations to take the company private. GEMINI SPACE STATION — Shares of the Winklevoss-owned cryptocurrency exchange soared 10% after the company reported a $100 million strategic investment from the Winklevoss Capital Fund. The company also reported better-than-expected first-quarter sales and a narrower loss than analysts expected, according to FactSet. FREEPORT-MCMORRAN — Metals sold off across the board in Friday trading, with the mining company’s stock price down nearly 5%. Precious metals gold and silver fell about 3% and 9%, respectively. Industrial metal copper fell nearly 5%. — CNBC’s Nick Wells, Sarah Ming and Tanaya Machel contributed reporting
