Stocks making the biggest moves midday: News Corp, Alibaba, Applied Materials and more

Alibaba Group sign is seen at the World Artificial Intelligence Conference in Shanghai, China July 6, 2023.— The media company's shares jumped nearly 4% after reporting an earnings beat in the fiscal fourth-quarter.

News Corp posted adjusted earnings of 14 cents per share, while analysts polled by Refinitiv had estimated 8 cents per share. Meanwhile, the company's revenue of $2.43 billion missed analyst forecasts of $2.49 billion.

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