Stocks making the biggest moves premarket: Nvidia, Unilever, Coinbase and more

Catch the latest buzz from Wall Street before the market opens.

Nvidia

  • The semiconductor’s shares contracted by 1.7% as the market reacted to the recent unveiling of their new AI chips. An optimistic outlook by several Wall Street analysts lifted their price target following the event.

Advanced Micro Devices

  • The rival chipmaker’s shares nosedived over 3% pre-market, following Nvidia’s announcement of a new generation of AI chips at their developers convention in San Jose, California.

Unilever

  • Gaining 2.7%, the consumer products behemoth announced its plan to divest its ice cream division, including brands like Ben & Jerry’s and Magnum. This strategic decision is expected to affect approximately 7,500 jobs.

Coinbase, Riot Platforms

  • Crypto stocks took a hit on Tuesday, with shares of Coinbase and Riot Platforms plunging around 5% each as bitcoin values stumbled in overnight trading.

Disney

  • The entertainment giant’s shares dipped slightly under 1% after news broke that George Lucas, the most significant individual investor in Disney, is supporting Disney’s CEO, Bob Iger, in a dispute with activist investor Nelson Peltz.

Super Micro Computer

  • The tech company’s shares plummeted over 10% after an announcement regarding a new stock offering of 2 million shares. Goldman Sachs has been appointed as the underwriter for the deal.

Tencent Music Entertainment

  • The Chinese internet company’s shares saw a minor increase of less than 1% following its Q4 earnings report. While the paying user base surged over 20% YoY, the overall revenue showed a downward trend.

Dlocal

  • The software firm’s shares tumbled 13% after missing earnings expectations. The Q4 earnings per share stood at 10 cents, falling short of the 15 cents forecast by StreetAccount analysts. The full-year revenue guidance also leaned towards the lower end of Wall Street forecasts.

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Stocks making the biggest moves premarket: Nvidia, Unilever, Coinbase and more

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