Here are the companies making headlines in premarket trading:
Nvidia: The chip giant’s stock surged 13% after releasing earnings well above expectations. Nvidia earned $5.16 per share and $22.1 billion in revenue for the fourth quarter, exceeding analyst forecasts. They also projected strong revenue for the current quarter.
Moderna: Shares were up more than 5% after the vaccine maker reported higher-than-expected revenue and a surprise profit in the fourth quarter.
Lucid: Shares pulled back over 7% as the luxury electric vehicle company missed revenue estimates.
Etsy: Shares lost 8.6% after a mixed fourth quarter report, with revenue exceeding expectations but earnings per share falling short.
Rivian: Shares tumbled 17% as the electric vehicle maker reported steeper losses and cut staff, despite revenue coming in higher than expected.
Synopsys: Shares rose 4.5% after the software company issued better-than-expected earnings for the fiscal first quarter.
DoorDash: The food delivery stock advanced nearly 5% following an upgrade to overweight from equal weight by Morgan Stanley.
Root: Shares climbed 28% after the car insurance stock reported a fourth-quarter loss lower than expected and higher revenue.
Remitly Global: Shares surged 22.4% after the financial services provider’s earnings report, topping revenue expectations and offering strong guidance.
Coty: Shares jumped 3% after being upgraded by TD Cowen to outperform, citing momentum in the fragrance category.
ASML Holding: The semiconductor stock rose 3.9% after HSBC initiated coverage as a buy, citing potential upside in 2025 estimates and share price.
Source (CNBC)
