Check out the companies making headlines before the bell. Intel — Shares rose more than 1% in the premarket after the company announced new artificial intelligence chips aimed at competing with those from rivals Nvidia and AMD. Despite the AI boom, Intel is down nearly 40% year to date, while Nvidia and AMD are up 132% and 11% in that time, respectively. GameStop — GameStop slipped 2% following a 21% rally on Monday amid speculation that meme stock trader Keith Gill could hold a major position in the video game retailer. The Wall Street Journal reported that E-Trade is weighing Gill from the platform due to market manipulation concerns. Shares of AMC Entertainment slipped 3% following an 11% jump. Bath & Body Works — Shares of the home fragrance and personal care retailer dropped 9%. Bath & Body Works topped first-quarter earnings and revenue estimates but shared disappointing guidance for the current period. The company expects earnings to range between 31 cents and 36 cents a share, versus a FactSet estimate of 38 cents. SentinelOne — The cybersecurity stock rose 2.3% on the back of a Canaccord Genuity upgrade to buy from hold. The firm called SentinelOne a secular winner in the long term and said its recent sell-off was “overdone.” Gitlab — The software company shed 2.3% despite posting an earnings and revenue beat postmarket for its fiscal first quarter Monday. …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Intel — Shares rose more than 1% in the premarket after the company announced new artificial intelligence chips aimed at competing with those from rivals Nvidia and AMD. Despite the AI boom, Intel is down nearly 40% year to date, while Nvidia and AMD are up 132% and 11% in that time, respectively. GameStop — GameStop slipped 2% following a 21% rally on Monday amid speculation that meme stock trader Keith Gill could hold a major position in the video game retailer. The Wall Street Journal reported that E-Trade is weighing Gill from the platform due to market manipulation concerns. Shares of AMC Entertainment slipped 3% following an 11% jump. Bath & Body Works — Shares of the home fragrance and personal care retailer dropped 9%. Bath & Body Works topped first-quarter earnings and revenue estimates but shared disappointing guidance for the current period. The company expects earnings to range between 31 cents and 36 cents a share, versus a FactSet estimate of 38 cents. SentinelOne — The cybersecurity stock rose 2.3% on the back of a Canaccord Genuity upgrade to buy from hold. The firm called SentinelOne a secular winner in the long term and said its recent sell-off was “overdone.” Gitlab — The software company shed 2.3% despite posting an earnings and revenue beat postmarket for its fiscal first quarter Monday. …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
