Several tech companies stood out in midday trading. Twilio surged 31% and Atlassian climbed more than 32% after beating earnings estimates, while Coherent jumped nearly 16% on reports of a potential US ban on Chinese data center components. Airbnb posted stronger-than-expected results with earnings of $1.37 per share on revenue of $3.61 billion, sending its stock up 15%. However, Trade Desk fell 20% after posting second-quarter earnings and revenue below expectations, with revenue of $715 million missing the $751 million forecast. Microchip Technology also rose nearly 14% following a quarterly earnings beat.
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