U.S. stock futures edged higher on Thursday, buoyed by robust quarterly corporate earnings that overshadowed concerns about prolonged elevated interest rates.
Here are some of the notable premarket movers in U.S. stocks today:
Nvidia (NASDAQ:NVDA) shares surged more than 7% after the chipmaker reported first-quarter earnings that surpassed expectations and provided a stronger-than-anticipated revenue forecast for the current quarter, benefiting from robust demand in the expanding AI sector.
Advanced Micro Devices (NASDAQ:AMD) and Broadcom (NASDAQ:AVGO) each gained over 2%, following Nvidia’s lead as demand for AI technology continues to drive growth. Memory chip maker Micron Technology (NASDAQ:MU) advanced 3.8%, while chip designer Arm Holdings (NASDAQ:ARM) climbed nearly 4%.
News Corp (NASDAQ:NWSA) shares rose 2% after the media conglomerate signed a content sharing agreement with OpenAI, granting access to content from several major publications.
Live Nation Entertainment (NYSE:LYV) shares declined 6.8% following reports of a potential lawsuit by the Department of Justice against its Ticketmaster unit over alleged monopolistic practices, with lawmakers also considering a separation of Ticketmaster from the company.
Snowflake (NYSE:SNOW) shares gained 3.9% after the data cloud analytics company forecasted second-quarter product revenue above estimates and raised its annual expectations.
DuPont (NYSE:DD) shares climbed 5.4% after the conglomerate announced plans to split into three publicly traded companies.
Taiwan Semiconductor Manufacturing (NYSE:TSM) shares rose 2.7% after the company forecasted 10% annual revenue growth in the global semiconductor industry, excluding memory chips.
Medtronic (NYSE:MDT) shares rose 1% after the medical device manufacturer beat quarterly profit estimates, benefiting from increased surgical volumes post-pandemic, which drove demand for its medical devices.
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