Check out the companies making headlines in premarket trading. Nvidia — The chipmaker jumped 7.4% on the back of its strong fiscal first-quarter results, better-than-expected guidance and 10-for-1 stock split announcement. Super Micro Computer and Advanced Micro Devices popped more than 5% and 3%, respectively. Taiwan Semiconductor — The chipmaker advanced 2.4% after forecasting annual revenue growth at 10% for the global semiconductor industry. Live Nation – Shares of the concert giant dropped 6% premarket after Bloomberg reported the Department of Justice and a group of states are expected to file a lawsuit against the company in the Southern District of New York on Thursday for antitrust violations related to Ticketmaster’s domination of concert ticket sales. Snowflake — The cloud-computing company rose 3.8% after exceeding Wall Street’s first-quarter revenue estimates. Snowflake posted $829 million in revenue, while analysts polled by LSEG had called for $786 million. Adjusted earnings for the period came in at 14 cents a share, however, missing the consensus estimate by 4 cents. News Corp — Shares popped more than 5% following the announcement late Wednesday that the media company struck a “multi-year global partnership” with OpenAI. As part of the deal, OpenAI can display content from NewsCorp’s outlets within its ChatGPT chatbot. VF Corp — The North Face and Vans parent tumbled 13.6% a …
Article Attribution | Read More at Article Source
[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in premarket trading. Nvidia — The chipmaker jumped 7.4% on the back of its strong fiscal first-quarter results, better-than-expected guidance and 10-for-1 stock split announcement. Super Micro Computer and Advanced Micro Devices popped more than 5% and 3%, respectively. Taiwan Semiconductor — The chipmaker advanced 2.4% after forecasting annual revenue growth at 10% for the global semiconductor industry. Live Nation – Shares of the concert giant dropped 6% premarket after Bloomberg reported the Department of Justice and a group of states are expected to file a lawsuit against the company in the Southern District of New York on Thursday for antitrust violations related to Ticketmaster’s domination of concert ticket sales. Snowflake — The cloud-computing company rose 3.8% after exceeding Wall Street’s first-quarter revenue estimates. Snowflake posted $829 million in revenue, while analysts polled by LSEG had called for $786 million. Adjusted earnings for the period came in at 14 cents a share, however, missing the consensus estimate by 4 cents. News Corp — Shares popped more than 5% following the announcement late Wednesday that the media company struck a “multi-year global partnership” with OpenAI. As part of the deal, OpenAI can display content from NewsCorp’s outlets within its ChatGPT chatbot. VF Corp — The North Face and Vans parent tumbled 13.6% a …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
