Check out the companies making the biggest moves midday: Ares Management — The private equity investment firm rose more than 6% on a better-than-expected profit for the third quarter. Ares reported after-tax realized income per share of $1.19, beating a FactSet estimate of $1.15 per share. The stock was on pace for its best day since April 9, when it surged 15.5%. Adeia — The tech licensing company fell 17% after it sued AMD for patent infringement over its semiconductor technology. “For years, AMD’s products have incorporated and made extensive use of Adeia’s patented semiconductor innovations, which have greatly contributed to their success as a market leader. After prolonged efforts to reach a mutually agreeable resolution without litigation, we believe this step was necessary to defend our intellectual property from AMD’s continued unauthorized use,” Adeia CEO Paul Davis said in a statement . Kontoor Brands — The outdoor apparel maker fell 8% on weaker-than-expected fourth-quarter earnings guidance. The company sees Q4 earnings around $1.64 per share, while analysts expect a profit of $1.68 per share, per FactSet. Shutterstock — The stock photo provider fell 10% as UK regulators moved to launch a phase 2 investigation into the company’s $3.7 billion merger with Getty Images. Amkor Technology — The provider of semiconductor packaging and test services climbed 15% after cutting the size of its board of directors and saying John Liu had resigned from the board and would become the executive vice president for corporate development and strategy instead. Amazon — Amazon stock jumped about 4.4% after ChatGPT maker OpenAI signed a $38 billion deal with the company’s cloud business, Amazon Web Services. It also said it will immediately tap hundreds of thousands of Nvidia’s graphics processing units with plans to expand capacity over coming years. Iren — The data center company gained 6.7% after reaching a deal with Microsoft to provide the software and cloud computing provider with access to Nvidia GB300 GPUs over five years for $9.7 billion. Semiconductor manufacturers — The group advanced after Iren’s nearly $10 billion deal to access Nvidia chips, which broadly lifted investor sentiment on semiconductor demand. Nvidia rose 3.8%, helped by U.S. approval for Microsoft to ship Nvidia chips to the United Arab Emirates. Micron Technology advanced 5.6%. Kenvue —The Tylenol and Band-Aid maker rallied 15% after agreeing to be acquired by Kimberly-Clark for $48.7 billion in cash and stock in a deal expected to close in the second half of 2026. Cipher Mining — The developer of data centers for bitcoin mining and artificial intelligence surged 13% after third-quarter results exceeded expectations. Cipher posted a narrower-than-expected loss of 1 cent, better than the loss of 4 cents anticipated by analysts polled by FactSet. Revenue of $71.7 million missed the $77.8 million consensus estimate. Idexx Laboratories — The veterinary services stock rose 13% after third-quarter revenue of $1.11 billion exceeded the $1.07 billion estimated by analysts polled by FactSet. Idexx also raised its full-year earnings and revenue guidance. Freshpet — The pet food company climbed 13% as third-quarter adjusted earnings before interest, taxes, and amortization of $54.6 million topped the $53 million expected by analysts polled by FactSet. Revenue came in at $288.8 million, above the $283.7 million consensus estimate. Beyond Meat – Shares of the alternative meat company ,which became a meme stock in October, dropped 12% after saying it was delaying its earnings report as it works to calculate the cost of a non-cash impairment charge. Palantir — Shares of the developer of data software platforms rose 2% ahead of third quarter earnings results , scheduled for release after the close Monday. Cisco Systems — The maker of networking hardware and telecom equipment added more than 1% after UBS upgraded the stock to buy from neutral , citing a “multi-year growth cycle driven by AI infrastructure demand, a large-scale Campus refresh cycle, and momentum in Security.” — CNBC’s Sarah Min, Sean Conlon, Liz Napolitano, Scott Schnipper, Lisa Han, Michelle Fox Theobald, Spencer Kimball and John Melloy contributed reporting.