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See the companies making headlines in midday trading: Intuit — Shares of TurboTax parent company fell nearly 4% after the company said it would cut 1,800 jobs, or about 10% of its workforce, as it ramps up its investments in artificial intelligence. Intuit said it plans to rehire 1,800 people for engineering, product, and consumer-focused roles. LegalZoom.com — Shares plummeted more than 25% after the legal technology company announced the departure of CEO Dan Wernikoff and cut its full-year revenue outlook. President Jeffrey Stibel has been named the company’s new CEO, effective immediately. On the revenue front, LegalZoom now expects full-year revenue to be between $675 million and $685 million. The company had previously forecast $700 million to $720 million. Taiwan Semiconductor Manufacturing — Chip stock rose 3% following the company’s earnings results. While the company reported NT$207.87 billion in June, down 9.5% from the previous month, it was still up 32.9% year-over-year. For January through June of this year, the company reported NT$1.27 trillion, up 28% year-over-year. Carvana — Shares of the online car retailer rose 5% after Needham upgraded the stock to buy from hold. The company said Carvana can increase sales by leveraging its customer experience and physical footprint. Peer-to-peer used car retailer CarMax also rose more than 6%. Baidu — Shares rose 2.4% as the popularity of its Apollo Go robo-taxis grows in China. On Monday, The Wall Street Journal reported that China, as part of its push to commercialize autonomous vehicles, has included Shanghai in a list of top cities that allow driverless robot taxis without the presence of a safety supervisor. Shanghai officials said residents can now book robot taxis for free through Baidu and three other companies. Mastercard, Visa — Shares of the payment card network processors fell, with Mastercard down 3% and Visa down 1%. Bank of America downgraded both Mastercard and Visa to neutral from buy. The bank cited limited upside to their estimates and valuation multiples. Manchester United — Shares of the professional soccer club rose 2.4% after the company released its third-quarter earnings results for fiscal 2024. While the company’s revenue for the third quarter was €136.7 million, down from €170 million a year earlier, full-year revenue is expected to be near the high end of the company’s guidance of €660 million. 10x Genomics — Shares of the single-cell market leader fell about 13%, pressured by Illumina’s announcement that it was acquiring Fluent BioSciences. Analysts said the deal signals a leadership change at Illumina. Illumina shares rose more than 4% on the news. Teva Pharmaceutical Industries — Shares rose 5%. On Wednesday, Argus upgraded Teva from hold to buy, citing the pharmaceutical company’s strong pipeline. Meanwhile, UBS, which also has a buy rating, raised its price target by $2 to $24 a share. Deckers — Shares fell 5.8% after research firm M Science issued a bearish note on the footwear company. The firm said it saw “significant deceleration” in Hoka and Ugg sales growth in June, prompting it to cut its fiscal first-quarter direct-to-consumer net sales estimate to $297 million. That’s down from $309 million. Advanced Micro Devices — Shares of the chipmaker rose more than 3%. AMD announced it would acquire Silo AI, a private European AI lab, in an all-cash deal valued at about $665 million. The acquisition is expected to close in the second half of 2024. — CNBC’s Alex Harring, Fred Imbert, Samantha Subin, Pia Singh, Michelle Fox and Darla Mercado contributed reporting.