Here’s a look at the companies making headlines in midday trading: Ryanair – Shares of Ryanair fell 16% after the budget airline reported lower-than-expected first-quarter profit. The company said its quarterly profit after tax fell 46% and it expected summer fares to be lower than expected. CrowdStrike — The cybersecurity stock plunged 12% as investors fully priced in Friday’s massive outage that canceled thousands of flights. Guggenheim on Sunday downgraded CrowdStrike’s stock rating to neutral from buy, citing the likelihood that the company would delay new deals at least in the short term. IQVIA Holdings — Shares of IQVIA Holdings rose more than 6% after the health technology company beat second-quarter profit estimates. The company reported adjusted earnings of $2.64 per share on revenue of $3.81 billion. Analysts polled by FactSet expected earnings of $2.56 per share and revenue of $3.79 billion. Nvidia — Shares rose 4%. On Monday, Reuters reported, citing people familiar with the matter, that the company was developing a version of Blackwell chips for the Chinese market. The report adds that the new version will be compatible with current US export controls. Verizon — Shares of Verizon fell 6% after the telecommunications company reported lower-than-expected quarterly revenue. In the second quarter, the company reported sales of $32.8 billion, missing the FactSet consensus estimate of $33.05 billion. Adjusted earnings per share were $1.15, in line with expectations. Tesla — Shares of the electric car maker rose more than 4% ahead of Tuesday’s earnings report. On Monday, Chief Executive Elon Musk said humanoid robots will be produced within the company next year. China Electric Vehicle Stocks – Shares of Chinese electric vehicle companies soared after the People’s Bank of China said it would cut the seven-day reverse repurchase rate to 1.7% from 1.8%. The one-year loan preferential interest rate was also lowered to 3.35%, and the five-year LPR was lowered to 3.85%. After the news came out, Xpeng Motors’ stock price rose 6.8%, and the stock prices of NIO and Li Auto both rose by more than 4%. Mattel — Shares of the toy maker soared more than 11%. Reuters reported, citing people familiar with the matter, that private equity firm L Catterton had made an acquisition offer to Mattel. The sources emphasized that they were unsure whether the company’s actions would prompt Mattel to explore a sale. SEMICONDUCTOR STOCKS – Investors snapped up shares of chipmakers, which suffered a sharp sell-off last week. The VanEck Semiconductor ETF (SMH) rose 3% as it attempted to recover from last week’s 9.6% loss. On Semiconductor rose 5% and KLA Corporation rose 4.8%. ASML Holdings shares rose more than 4%. —CNBC’s Alex Harring, Hakyung Kim, Lisa Kailai Han and Darla Mercado contributed reporting.