Look at the businesses grabbing news before the bell:
Accenture:
The tech company’s stock increased 8.6%. Accenture reported more than $900 million in new generative AI bookings in its most recent quarter, despite missing FactSet’s estimates for earnings and sales.
Trump Media & Technology Group: Following the company’s announcement on Tuesday that the Securities and Exchange Commission had deemed its registration of additional shares effective, shares fell by over 12%. As of now this month, the stock has dropped 36%.
Nvidia: The chipmaker increased its value by almost 3%, maintaining its gains from Tuesday, when it overtook Microsoft to take the top spot among publicly traded companies in terms of value.
Super Micro Computer and Dell Technologies both saw increases in stock of more than 4%. Elon Musk, who founded the artificial intelligence startup xAI in 2023, announced in a tweet addressed to X that Super Micro Computer and Dell will be constructing the supercomputer.
The U.K. government said that it has launched an investigation into the software company’s acquisition of Juniper Networks. This news caused shares of Hewlett Packard Enterprise to increase by more than 2%. More than 2% was gained in Juniper’s shares.
KB House — After revealing a second quarter that saw both top and bottom-line improvements, the homebuilder saw a 2% increase. On $1.71 billion in revenue, KB Home made $2.15 per share. Analysts polled by LSEG predicted $1.65 billion in revenue and $1.80 per share in earnings.
Advanced Micro Devices: After Piper Sandler deemed the semiconductor stock a top choice among large caps, shares of the company rose by almost 1%. For the business going into the second half of the year, the firm mentioned “bright prospects.”
Source (CNBC)
