Here are the companies making headlines before the bell:
Fisker — Shares of the electric vehicle company surged by 9.3% following news that Fisker experienced a delivery growth of over 300% between the third and fourth quarter. The increased demand for their Ocean SUV played a significant role in this expansion.
Lyft — The rideshare company faced a 2.8% decline after Nomura downgraded its rating on the stock from neutral to reduce. Analysts expressed concerns about Lyft’s shrinking market share and relatively low profitability compared to its competitors.
Nvidia — Nvidia saw a minor increase of 0.3% in its shares as the chipmaker announced the launch of a slower gaming chip specifically targeted for the Chinese market. This strategic move aims to comply with U.S. export restrictions to China.
Uber Technologies — Shares of Uber experienced a decrease of 1.2% after Nomura downgraded the stock from buy to neutral. However, Nomura raised its target price for the Lyft rival by $3 to $62.
Boston Scientific — The medical device company witnessed a 1.7% increase in its shares as it announced the launch of a clinical trial using one of its devices for the treatment of persistent atrial fibrillation. Boston Scientific expects to receive FDA approval for this medical device system by 2024, building upon its previous successful trials for other types of atrial fibrillation.
Source (CNBC)
