Jen-Hsun Huang, CEO, Nvidia
David Paul Morris | Bloomberg | Getty Images
Discover the companies making premarket waves in the news.
Nvidia — The chipmaker experienced a 7% surge following its exceptional quarterly report that surpassed Wall Street’s expectations. Nvidia also provided optimistic guidance, projecting a 170% sales increase in the current period due to rising demand for AI chips. Adjusted earnings per share came in at $2.70, surpassing the estimated $2.09 from Refinitiv’s polled analysts. Nvidia reported revenues of $13.51 billion, exceeding Wall Street’s projected $11.22 billion.
Taiwan Semiconductor, AMD, and Marvell Technology — Semiconductor stocks linked to artificial intelligence and Nvidia saw gains in the premarket after Nvidia’s strong earnings report. Advanced Micro Devices, Marvell Technology, and U.S.-listed shares of Taiwan Semiconductor rose by 2.3%, 4.2%, and 3.1% respectively. Broadcom and Super Micro Computer added 3.4% and 8.5% respectively.
Boeing — Shares dropped around 2% prior to the market opening after disclosing a new manufacturing defect involving supplier Spirit AeroSystems, which will result in delay of 737 Max deliveries. The company stated that fastener holes on the model’s aft pressure bulkheads were incorrectly drilled. Spirit AeroSystems experienced a decrease of more than 6%.
Splunk — The company’s stock saw a significant rise of 13.6% following Splunk’s impressive earnings report. The cloud services provider achieved an adjusted earnings of 71 cents per share and generated $910.6 million in revenue for the second quarter, exceeding analysts’ expectations of 46 cents per share and $889.3 million in revenue. The company also increased its guidance
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Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
