Nvidia, Super Micro, DJT, Airbus, SolarEdge, Pool, FedEx, and More Stock Market Movers
was rising 3.3% in premarket trading after the semiconductor company and leading maker of artificial-intelligence chips entered correction territory on Monday. Nvidia finished 6.7% lower on Monday and has lost nearly 13% over the past three trading sessions. A correction is defined as a drop of 10% or more off a recent end-of-day peak. Nvidia hit a record high last week of $135.58, which briefly made the chip maker the world’s most valuable company.
also had a tough Monday, falling 8.7%. It was the worst performance for shares of the server maker since they tumbled 14% on May 1. In premarket trading, Super Micro was up 1.9%.
Shares of
Trump Media & Technology Group
were up 13% in premarket trading. The parent company of former President Donald Trump’s Truth Social Platform gained 21% on Monday, marking the second-largest percent increase since Trump Media’s merger with shell company, Digital World Acquisition Corp., in late March.
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dropped 11% in Paris trading after the European plane maker said late Monday it expects to deliver about 770 jets and generate operating profit in 2024 of about €5.5 billion ($5.9 billion). The company previously had forecast 800 deliveries and an operating profit of between €6.5 billion and €7 billion. Shares of rival
declined 0.7%.
declined 15% after the company said it planned to offer $300 million in convertible senior notes due in 2029 in a private placement and separately, in a filing, said PM&M Electric, a customer that owes
about $11.4 million under a secured promissory note, recently filed for Chapter 7 bankruptcy.
a distributor of swimming-pool supplies, was tumbling 10% after the company sharply reduced its earnings outlook for the fiscal year, citing “persistently weak demand for new pool construction” and discretionary pool spending that “continues to be hampered by the macroeconomic environment.”
was rising 3.6% to $25.68 after analysts at TD Cowen upgraded the retailer to Buy from Hold and raised their price target to $30 from $28. The analysts said Gap was “in the early innings of transformation across all four brands, and the earnings growth potential is underappreciated.”
Earnings reports are expected Tuesday from
FedEx
,
Carnival
,
and
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was down 0.2% ahead of its fiscal fourth-quarter earnings scheduled for after the closing bell Tuesday. Analysts forecast FedEx will report earnings of $5.34 a share on sales of $22 billion.
Write to Joe Woelfel at joseph.woelfel@barrons.com
