Check out the companies making headlines in midday trading: Walt Disney — The entertainment giant sank 10% after posting fiscal second-quarter results . Walt Disney reported adjusted earnings that beat estimates and posted strong Disney+ subscriber growth but slightly missed revenue estimates. The company also said it expects a loss within its direct-to-consumer entertainment business this quarter. Nvidia — Shares slipped about 1%. Billionaire investor Stanley Druckenmiller said on CNBC’s ” Squawk Box ” that he cut his stake in the chipmaker in late March, saying that artificial intelligence may be a “little overhyped” in the short term. Ferrari NV — U.S.-traded shares of the Italian sportscar maker declined nearly 5%. Ferrari surpassed Wall Street’s estimates on the top and bottom lines for the first quarter, per FactSet, but the company reaffirmed previous revenue and earnings per share guidance for the full year. Datadog — Shares tumbled 10% after the company announced in an earnings release that Amit Agarwal will step down as president at the end of this year. The maker of cloud applications posted better-than-expected adjusted earnings and revenue for the first quarter, according to FactSet. Elsewhere, deferred revenue came in light and billings were in line with expectations. Lucid Group — The electric vehicle company dropped 13% after posting a loss of 30 cents per share on generally accepted accounting principles. The result was worse than the loss of 25 cents per share expected by FactSet. Other electric vehicle stocks also declined, with Tesla and Li Auto last down about 3% each. Xpeng declined more than 6%. Palantir Technologies — The defense tech firm plunged nearly 14%. Palantir Technologies topped revenue expectations and posted adjusted earnings that were in line with estimates, but offered disappointing full-year guidance. The company said its expects revenue to range between $2.68 billion and $2.69 billion for the year, below an LSEG estimate of $2.71 billion. UBS Group — The U.S.-traded shares of the European bank jumped nearly 7% after first-quarter results topped expectations. UBS reported 52 cents in earnings per share on $12.74 billion in revenue. Analysts surveyed by StreetAccount were expecting 18 cents per share on $11.95 billion of revenue. Rocket Lab — Shares declined nearly 4% after the company posted a revenue miss in the first quarter. In the first quarter, the aerospace manufacturer posted revenue of
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