Check out the companies making headlines in pre-market trading. Nvidia — Shares of the chipmaker jumped 7.4% on strong fiscal first-quarter results, better-than-expected guidance and the announcement of a 10-for-1 stock split. Shares of Super Micro Computer and Advanced Micro Devices rose more than 5% and 3 % respectively. Taiwan Semiconductor Manufacturer – Shares of the chipmaker rose 2.4% after forecasting 10% annual revenue growth for the global semiconductor industry. Live Nation – Shares of the concert giant fell 6% in premarket trading after Bloomberg reported that the Justice Department and a group of states are expected to file a lawsuit against the company in the Southern District of New York on Thursday for antitrust violations related to Ticketmaster’s dominance. in selling concert tickets. Snowflake — Shares of the cloud computing company rose 3.8% after beating Wall Street forecasts in the first quarter. Snowflake posted revenue of $829 million, compared with analysts surveyed by LSEG who had expected revenue of $786 million. Adjusted earnings for the period were 14 cents per share, but missed the consensus estimate by 4 cents. News Corp – Shares rose more than 5% after announcing late Wednesday that the media company had entered into a “multi-year global partnership” with OpenAI. As part of the deal, OpenAI can display content from NewsCorp agencies in its ChatGPT chatbot. VF Corp. shares Shares of North Face and Vans fell 13.6% after reporting unexpected per-share losses and weak revenue in the fiscal fourth quarter. VF Corp posted a loss of 32 cents per share on revenue of $2.37 billion, while analysts polled by LSEG expected earnings per share of 1 cent on revenue of $2.41 billion. NetEase – US shares of the Chinese game maker fell 3.4% on weaker-than-expected first-quarter earnings. NetEase also paid a smaller quarterly dividend than the previous quarter. Elf Beauty — Shares of the cosmetics maker gained 3.4% after easily beating the consensus forecasts of analysts surveyed by FactSet for the fiscal fourth quarter. In particular, elf reported earnings per share of 53 cents, excluding items, on revenue of $321.1 million, while analysts recorded only 33 cents on revenue of $292.6 million. However, the forecast for the full year was below expectations . LiveRamp Holding – The ad technology company rose 14.5% on stronger-than-expected fiscal fourth-quarter earnings. On top of that, LiveRamp offered clear earnings guidance for both the current quarter and the full year. Cytokinetics. Shares of the biopharmaceutical company fell 14.7% following a $500 million common stock offering. JPMorgan, Goldman Sachs and Morgan Stanley are the joint joint book-running managers. DuPont de Nemours — Shares rose 5.3% after the company said it would split into three separate businesses. One of the divisions for the production of industrial solutions will be the new DuPont. The first two will focus on electronics and water purification. Additionally, CEO Ed Brad said he plans to step down to become executive chairman on June 1 and will be succeeded by Chief Financial Officer Laurie Koch. Alibaba — Shares fell 1.5% after Bloomberg News reported the Chinese tech giant was considering selling convertible bonds to raise $5 billion. Bloomberg, citing anonymous sources, said the bond offering could happen as soon as this week. Take-Two Interactive Software — Video game shares rose 2.3% after switching to neutral at Bank of America. In a note to clients, the investment firm said Take-Two’s gameplay continues to look strong this year, despite Grand Theft Auto being scheduled for a fall 2025 release. GoodRX, a medical-focused digital health platform, rose 5.8% following RBC’s announcement. modernize to outperform the sector. RBC said the stock has significant upside potential. Hasbro — Shares rose 3% after JPMorgan upgraded Hasbro to overweight from neutral, saying investors were underestimating the toy maker’s economics and digital gaming outlook. The Wall Street firm said it expects both measures to rise. — CNBC’s Jesse Pound, Pia Singh, Yun Lee, Tanaya Machil, Sarah Min and Michelle Fox contributed reporting.
