Nvidia, Palo Alto, Baidu fall premarket; Snowflake, Deere rise
US stock
futures
edged higher Thursday, with investors digesting results from AI-heavyweight Nvidia ahead of the release of weekly employment data.
Here are some of the biggest
premarket
US stock movers today:
-
Nvidia
(NASDAQ:
NVDA
) stock fell 0.9% after the chip giant’s revenue forecast disappointed Wall Street, presenting a sharp slowdown in quarterly revenue growth compared with much stronger year-on-year increases in revenue for the past three quarters. -
Deere
(NYSE:
DE
) stock rose 1.4% after the agricultural and construction equipment manufacturer reported fourth-quarter earnings that exceeded analyst expectations, despite facing significant market challenges. -
Snowflake
(NYSE:
SNOW
) stock soared 23% after the data analytics provider raised its annual product revenue forecast and said it has teamed up with AI firm Anthropic to build up its cloud services. -
Palo Alto Networks
(NASDAQ:
PANW
) stock dropped 2.6% after the cybersecurity firm announced a two-for-one forward stock split as it topped quarterly revenue and profit expectations. -
Baidu
(NASDAQ:
BIDU
) stock fell 2% after the Chinese tech giant posted an annual drop in third-quarter revenue. -
PDD Holdings
(NASDAQ:
PDD
) stock fell 10% after the Chinese online retailer, and owner of Temu, reported a big quarterly earnings miss as competition intensified. -
Novartis
(SIX:
NOVN
) ADRs rose 0.2% after the Swiss pharmaceutical company raised its growth guidance, indicating optimism about its mid-term performance. -
Logitech
(NASDAQ:
LOGI
) stock rose 1% after UBS upgraded its stance on the Swiss manufacturer of computer software to ‘neutral’ from ‘sell’, citing a more balanced risk-reward profile after a substantial drop in the company’s share price earlier this year.
