Photo: Sean Gallup (Getty Images) U.S. stocks looked set to open higher Tuesday, clawing back some ground after a brutal Monday selloff. Nasdaq futures rose 0.8%, with the S&P 500 and Dow also in the green. The rebound follows steep losses to start the week: the Nasdaq sank 2.6%, the S&P 500 dropped 2.4%, and…
Only in the world of AI darling Nvidia (NVDA) are hypersonic growth rates not seemingly enough for the beloved stock’s bulls. Shares of the $3.2 trillion market cap chipmaker fell nearly 1% in pre-market trading on Thursday as investors keyed in on its below-consensus outlook for profit margins. In its earnings release on Wednesday evening,…
(Reuters) – Robinhood (HOOD) shares surged nearly 16% in premarket trading on Thursday, after the trading platform reported record fourth-quarter revenue and profit on the back of a resurgence in retail trading due to renewed interest in crypto and equity markets. Retail trading rebounded significantly in 2024 as Bitcoin and U.S. stocks hit all-time highs,…
Feb 5 – Following its Q4 2024 earnings report, which consists of mixed results, Advanced Micro Devices (AMD, Financial) shares witnessed a more than 9% decline in its premarket trading on Wednesday. AMD recorded $7.66 billion in total revenue with $1.09 in adjusted EPS for Q4 2024, while its data center segment brought in $3.86…
By Akash Sriram (Reuters) – Shares of Super Micro Computer soared nearly 30% in premarket trading on Tuesday, after the server maker sought an extension from Nasdaq for its delayed financial filings and appointed a new auditor as it looks to avoid being delisted. Super Micro announced the appointment of BDO USA as its independent…
The Nasdaq led a tumble in US stock futures on Thursday as Meta (META) and Microsoft’s (MSFT) earnings sparked worries about prospects for Big Techs amid rising AI costs. Contracts on the tech-heavy Nasdaq 100 (NQ=F) sank 0.9%, while S&P 500 futures (ES=F) fell over 0.7%. Dow Jones Industrial Average futures (YM=F) dropped roughly 0.5%,…
By Arsheeya Bajwa (Reuters) – Micron Technology surged 15% on Thursday in premarket trading, leading a rally in chip stocks after its strong revenue forecast signaled robust demand for semiconductors used to power generative AI technology. The company, whose high-bandwidth memory chips (HBM) are used in Nvidia’s popular artificial intelligence processors, was set to add…