Stocks making the biggest moves midday: Nvidia, Logitech, Nikola, Uber, Cleveland-Cliffs and more

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Check out the companies making headlines in midday trading.

KB Home — Shares of the homebuilder ticked 5% lower in midday trading after missing on the top and bottom lines of its quarterly results. KB Home reported earnings of $1.47 per share on revenue of about $1.40 billion. Wall Street expected earnings of $1.56 per share on revenue of $1.50 billion, according to Refinitiv.

Nikola — Shares for the electric vehicle company jumped 3.6%. The company began production of the battery-electric version of its Tre semitruck in its Coolidge, Arizona, factory.

Nvidia, Intel — Shares for the two companies popped in midday trading after reports that Nvidia may consider sourcing computer chips from Intel, according to Bloomberg. Also, Intel CEO Pat Gelsinger has been pushing government officials in the U.S. to support legislation to assist semiconductor production. Nvidia's stock price jumped 8.4%, and Intel jumped 5.4%.

GameStop — Shares of the video game retailer retreated 5% following a seven-day winning streak. The stock surged 14% on Wednesday after Chair Ryan Cohen bought 100,000 more shares and raised his stake to 11.9%.

Steelcase — Shares of the office furniture maker tumbled more than 7% in midday trading. The company reported an unexpected loss for its most recent quarter, even as revenue exceeded expectations. Steelcase cited supply chain issues and inflationary pressures.

Logitech — Shares of the computer peripherals manufacturer jumped 6.4% after Bank of America initiated coverage of the company with a buy rating. Though the stock is down about 13% this year, the analyst covering Logitech said it's «too inexpensive to ignore.»

NetApp — The cloud company's stock price dipped 2.2% in midday trading. Bank