Close-up of vertical sign with logos for ride-hailing companies Uber and Lyft.Close-up of vertical sign with logos for ride-hailing companies Uber and Lyft.

The companies are making news in midday trading.

In the second quarter, the company said it would increase spending to attract more drivers due to surging gas prices.

The company's stock dropped after it posted a huge loss on investments. The company reported a loss of $5.9 billion during the first quarter, which it said was due to its equity investments in Grab, Aurora, and Didi. The sell-off came even as the company posted a surge in revenue.

The stock of Advanced Micro Devices added 2.5% after beating revenue and earnings estimates. Even though analysts worry about a PC slowdown, sales of the chipmaker jumped.

Starbucks surpassed revenue expectations in its most recent earnings report. The coffee chain earned 59 cents per share on an adjusted basis. The firm's revenue was $7.64 billion, compared with the Refinitiv analysts' forecast of $7.67 billion.

The vacation rental stock gained 1.6% after the company reported a smaller-than- expected loss. The company had a loss of 3 cents per share on revenue of $1.51 billion. The analysts were expecting a loss of 29 cents per share on the revenue. The company had a record number of bookings and free cash flow during the quarter.

Match Group's shares fell 1.5% after the company issued weak forward guidance and announced that its CEO would step down at the end of May. Match said that Bernard Kim will be the new chief executive.

The company beat estimates in the recent quarter and raised its forecast for the year. During the first quarter, the company saw a decrease in demand for pandemic-related services.

The company's stock plunged after it reported results. The casino operator posted revenue of $2.29 billion for the quarter, missing analysts' estimates of $2.35 billion.

Skyworks shares plummeted more than 10% despite the company beating revenue estimates. The company reported earnings that were in line with analysts' estimates, but shared weak forward guidance.

The shares of Akamai fell after the firm missed earnings estimates. Revenue was in line with expectations.

The generator manufacturer's stock added 9% after it beat estimates for the first quarter. The company had adjusted earnings per share of $2.09. The analysts expected a profit of $1.94 a share.

Brinker International's parent company reported per-share earnings that were 10 cents below estimates. Brinker International's revenue fell in line with estimates, but the company issued weaker-than- expected forward earnings guidance.

CNBC's Tanaya Macheel, Jesse Pound, Sarah Min, and Hannah Miao contributed reporting.