Welcome to Extreme Investor Network, where we bring you the latest news on companies making headlines in premarket trading. Today, we’ll be discussing some key players in the finance world and how their stock prices are reacting to recent news.
Nvidia, the chipmaker, saw a 7.4% jump following strong fiscal first-quarter results, better-than-expected guidance, and a 10-for-1 stock split announcement. This news also had a positive impact on Super Micro Computer and Advanced Micro Devices, which both saw jumps in their stock prices.
Taiwan Semiconductor also saw a 2.4% increase after forecasting annual revenue growth of 10% for the global semiconductor industry.
On the flip side, Live Nation’s shares dropped 6% premarket after news of a potential lawsuit 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. However, adjusted earnings fell slightly short of the consensus estimate.
News Corp shares surged over 5% following a “multi-year global partnership” with OpenAI, while VF Corp, the parent company of The North Face and Vans, tumbled 13.6% after reporting an unexpected loss per share and soft revenue in the fiscal fourth quarter.
These are just a few of the companies making waves in the finance world today. Stay tuned to Extreme Investor Network for more updates and analysis on the latest market trends. We provide in-depth analysis and expert insights to help you make informed investment decisions. Don’t miss out on the latest financial news – follow us for exclusive content you won’t find anywhere else!