Pre-Market Updates: Key Stocks to Watch
Nvidia: Shares dipped 2%, extending an 8.5% loss, due to a decline in gross profit margins and a smaller-than-expected revenue beat for Q4.
HP: Stock fell 3% after softer Q2 guidance, projecting earnings between 75-85 cents per share, below the estimated 86 cents, as the company diversifies its supply chain amid rising tariffs.
NetApp: Shares sank 15% following a Q3 report with revenue of $1.64 billion, missing expectations of $1.69 billion. Despite meeting adjusted earnings estimates, Q4 guidance was lower than anticipated.
SoundHound AI: The stock rose 1% after reporting Q4 revenue of $34.5 million, surpassing expectations, and raising full-year guidance to $157 million-$177 million.
Crypto Stocks: Linked to a 3% drop in Bitcoin, stocks like Coinbase and Mara Holdings fell nearly 3%, while MicroStrategy lost over 2%.
Logitech International: Shares dropped over 3% after a downgrade by Bank of America, citing growth challenges due to potential tariffs.
Walgreens: Stock fell about 3% after Deutsche Bank downgraded it to sell, noting uncertainty surrounding its take-private deal.
China Stocks: U.S. shares of Chinese companies, including Alibaba (-4%) and Nio (-4%), declined amid trade tensions following tariff threats from the U.S.
Dell Technologies: Shares fell nearly 7% after Q4 revenue missed estimates at $23.93 billion, although adjusted earnings exceeded expectations.
Autodesk: Shares rose about 1% after outperforming Q4 earnings estimates, despite announcing a 9% workforce reduction.
Rocket Lab: Stock plummeted over 16% on weak guidance, forecasting an EBITDA loss of $33-35 million against expectations of $28 million.
Duolingo: Shares dropped roughly 9% after providing disappointing Q1 EBITDA guidance, despite surpassing revenue expectations in Q4.
Source (CNBC)
