Stocks making the biggest moves midday: First Republic, Snap, Amazon, Intel and more

cnbc.com:

Check out the companies making headlines in midday trading.

First Republic — Shares of the regional bank fell by 50% after sources told CNBC's David Faber that the most likely outcome for First Republic is to be taken into receivership by the Federal Deposit Insurance Corporate. However, there is still hope for a rescue deal to occur before the regulator would step in, the sources said.

Snap — The Snapchat parent company cratered about 18% after missing revenue expectations for the recent quarter. Snap's revenue fell 6% from a year ago.

Amazon — The company fell 3.8% as investors contend with concerns over the future of Amazon's cloud business. The company beat expectations on both adjusted earnings per share and revenue on Thursday.

Intel — Intel shares rose more than 4% even after the company reported its largest quarterly loss on record and a 133% reduction year over year. Even so, Intel reported a smaller-than-expected loss per share and better-than-expected revenue. Benchmark upgraded the chipmaker, saying the worst is priced into shares.

Pinterest — Pinterest's stock plunged more than 17% after sharing disappointing second-quarter guidance. The move in shares came despite the image-sharing company's beat on the top and bottom lines.

Charter Communications – Shares popped 8% after Charter Communications topped revenue expectations for the previous quarter, boosted by solid gains within its internet segment.

First Solar — The solar energy company's stock plunged 14% after its first quarter results fell short of expectations. First Solar posted 40 cents earnings per share on revenues of $548 million. Analysts had estimated $1.02 earnings per share on revenues of $718 million, according to Refinitiv data.

Chevron —