Check out the companies making headlines when it comes to pre-market trading. Nvidia — The chipmaker jumped 7.4% on strong first-quarter financial results, better-than-expected guidance and the announcement of a 10-for-1 stock split. Super Micro Computer and Advanced Micro Devices rose more than 5% and 3%, respectively. Taiwan Semiconductor — The chipmaker rose 2.4% after forecasting 10% annual revenue growth for the global semiconductor industry. Live Nation – Shares of the concert giant fell 6% premarket after Bloomberg reported that the Justice Department and a group of states are expected to file a lawsuit against the company in the Southern District of New York on Thursday. York for antitrust violations related to Ticketmaster’s dominance over concert ticket sales. Snowflake — The cloud computing company rose 3.8% after beating Wall Street revenue estimates for the first quarter. Snowflake reported revenue of $829 million, while analysts polled by LSEG expected $786 million. Adjusted earnings for the period, however, came in at 14 cents per share, missing the consensus estimate of 4 cents. News Corp — Shares jumped more than 5% following Wednesday evening’s announcement that the media company has entered into a “multi-year global partnership” with OpenAI. As part of the agreement, OpenAI can display content from NewsCorp’s outlets within its ChatGPT chatbot. VF Corp — Parent company The North Face and Vans fell 13.6% after reporting an unexpected loss per share and lower revenue in the fiscal fourth quarter. VF Corp reported a loss of 32 cents per share on revenue of $2.37 billion, while analysts surveyed by LSEG forecast 1 cent earned per share and $2.41 billion in revenue. . NetEase — U.S. shares of the Chinese game maker fell 3.4% on weaker-than-expected first-quarter revenue. NetEase also distributed a lower quarterly dividend than the previous quarter. Elf Beauty — The cosmetics maker added 3.4% after easily beating the consensus forecast of analysts surveyed by FactSet for the fiscal fourth quarter. Specifically, Elf posted earnings per share of 53 cents, excluding items, on revenue of $321.1 million, while analysts were forecasting just 33 cents on revenue of $292.6 million. of dollars. However, forecasts for the full year were lower than expected. LiveRamp Holding — The ad tech company rose 14.5% on stronger-than-expected earnings for the fiscal fourth quarter. In addition to this, LiveRamp offered firm revenue guidance for the current quarter and full year. Cytokinetics — The biopharmaceutical company fell 14.7% following its $500 million common stock offering. JPMorgan, Goldman Sachs and Morgan Stanley are the sole joint bookrunners. DuPont de Nemours — Shares rose 5.3% after the company announced it would split into three separate businesses. The company housing the industrial solutions operations will become the new DuPont. The first two will focus on electronics and water cleaning. Additionally, CEO Ed Bred said he plans to step down to become executive chairman of the board on June 1 and will be replaced by CFO Lori Koch. Alibaba — Shares fell 1.5% after Bloomberg News reported the Chinese tech giant plans to sell convertible bonds to raise $5 billion. Bloomberg, citing unnamed sources, said a bond offering could happen as early as this week. Take-Two Interactive Software — The video game stock rose 2.3% following an upgrade to neutral buy at Bank of America. The investment firm said in a note to clients that Take-Two’s game pipeline for the year still appears strong despite Grand Theft Auto being slated for fall 2025. GoodRX — The Healthcare Platform digital health focused on medicine jumped 5.8% on the heels of an RBC. upgrade to outperform industry performance. RBC said the stock presents notable growth opportunities. Hasbro — Shares rose 3% after JPMorgan upgraded Hasbro from neutral to overweight, saying investors are underestimating profitability and digital gaming forecasts for the toymaker. The Wall Street firm said it expects both to rise. — CNBC’s Jesse Pound, Pia Singh, Yun Li, Tanaya Macheel, Sarah Min and Michelle Fox contributed reporting
