Investing.com — US stock futures edged higher Thursday, with investors digesting results from AI-heavyweight Nvidia ahead of the release of weekly employment data.
Here are some of the biggest premarket US stock movers today:
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Nvidia (NASDAQ:NVDA) stock fell 0.9% after the chip giant's revenue forecast disappointed Wall Street, presenting a sharp slowdown in quarterly revenue growth compared with much stronger year-on-year increases in revenue for the past three quarters.
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Deere (NYSE:DE) stock rose 1.4% after the agricultural and construction equipment manufacturer reported fourth-quarter earnings that exceeded analyst expectations, despite facing significant market challenges.
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Snowflake (NYSE:SNOW) stock soared 23% after the data analytics provider raised its annual product revenue forecast and said it has teamed up with AI firm Anthropic to build up its cloud services.
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Palo Alto Networks (NASDAQ:PANW) stock dropped 2.6% after the cybersecurity firm announced a two-for-one forward stock split as it topped quarterly revenue and profit expectations.
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Baidu (NASDAQ:BIDU) stock fell 2% after the Chinese tech giant posted an annual drop in third-quarter revenue.
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PDD Holdings (NASDAQ:PDD) stock fell 10% after the Chinese online retailer, and owner of Temu, reported a big quarterly earnings miss as competition intensified.
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Novartis (SIX:NOVN) ADRs rose 0.2% after the Swiss pharmaceutical company raised its growth guidance, indicating optimism about its mid-term performance.
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Logitech (NASDAQ:LOGI) stock rose 1% after UBS upgraded its stance on the Swiss manufacturer of computer software to ‘neutral’ from ‘sell’, citing a more balanced risk-reward profile after a substantial drop in the company’s share price earlier this year.
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