Check out the companies making headlines in midday trading. Nvidia — The chipmaker giant rallied 15% after posting a fiscal fourth-quarter beat . Nvidia earned $5.16 per share on an adjusted basis and $22.1 billion in revenue, higher than the $4.64 per share and $20.62 billion analysts polled by LSEG had expected. Nvidia also shared that current-quarter revenue would be higher than previously anticipated. Moderna — Shares popped 12% after the vaccine maker beat fourth-quarter revenue expectations , lifted by deferred revenue and cost cuts. Moderna’s top line came out to be $2.81 billion, while analysts polled by LSEG had expected $2.50 billion. Lucid Group — Shares slid 16% after the luxury electric vehicle maker posted a fourth-quarter revenue of $157 million, missing the $180 million expected by analysts polled by LSEG. Following the revenue miss, Cantor Fitzgerald downgraded the stock to underweight from neutral. Etsy — Etsy shares sank 7% after the online marketplace and e-commerce site posted mixed quarterly results. The company topped revenue expectations but posted earnings of 62 cents per share. That fell short of the 78 cents expected by analysts polled by LSEG. Etsy also said it expects gross merchandise sales to fall during the current quarter compared to a year ago, and the company cited a slow start to the year. Rivian — Shares tumbled 25% after the electric-vehicle manufacturer forecast production for 2024 that missed estimates and cut 10% of its workforce. Rivian also reported a wider-than-expected fourth-quarter loss of $1.36 per share, although revenue beat expectations, per LSEG. Synopsys — Shares soared more than 10% to hit a new 52-week high following the software company’s strong earnings report. Synopsys’ earnings came in at $3.56 per share, excluding items, higher than an LSEG estimate of $3.43 per share. The company also provided fiscal second-quarter revenue and earnings guidance that was above estimates. DoorDash — The…
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