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 inking 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 — The semiconductor equipment supplier fell about 2% even though its second-quarter results beat expectations 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 companies fell as the iShares Semiconductor ETF was on track to break its six-week winning streak. Marvell Technology fell 3% and Intel fell nearly 7%. ASML and Arm fell about 5% and 8%, respectively. Advanced Micro Devices fell 4%. Cerebras Systems — The chipmaker fell 5% on the Nasdaq Thursday after surging 68%. Starbucks — Shares rose less than 1% after CEO Brian Nicol announced plans to lay off about 300 U.S. corporate employees in the third round of job cuts since taking 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 — The ice cream and frozen dessert maker soared more than 17% after Reuters reported that Blackstone and CD&R were among the companies considering making a bid 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 – Winklevoss-owned cryptocurrency exchange soars 10% after reporting a $100 million strategic investment from 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 mining companies 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
