On the heels of Nvidia’s blockbuster day, Marvell stock boosted by AI revenue expectations, while Gap rallies on surprise profit

by user


Here are some of the biggest stock movers ahead of Friday’s market open:

Stock gainers:

Marvell Technology Inc.’s stock

was powering 14% higher in premarket action after the chip company said it expected revenue from artificial intelligence to at least double this fiscal year.

Gap Inc. shares

rallied 12% after the retailer took Wall Street by surprise and posted an adjusted profit of a penny a share.

Workday Inc. shares

jumped 8% and headed toward their highest prices in more than a year, after the software company easily topped earnings expectations and brought on a new chief financial officer.

Ford Motor Co. shares

 rose 1% after announcing that its electric-vehicle owners soon will have access to the more than 12,000 Tesla Inc. 

Superchargers in the U.S. and Canada starting next year.

Stock decliners:

Tilray Brands Inc. shares 


dropped 18% after the cannabis company announced secondary offering to help pay down debt.

Shares of Ulta Beauty Inc.

slid 8% after the beauty-products and salon chain reported first-quarter same-store sales that just missed expectations and noted more competitive price-cutting among rivals.

RH stock

slipped 2% after the retailer formerly known as Restoration Hardware beat on earnings , but offered a mixed outlook when it came to Wall Street expectations.


Source link

Related Posts

Leave a Review

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy