See companies making waves in premarket trading: Nvidia — The semiconductor maker surged 7.4% on the back of strong first-quarter earnings, a better-than-expected outlook and the announcement of a 10-for-1 stock split. Super Micro Computer and Advanced Micro Devices jumped 5% and more than 3%, respectively. Taiwan Semiconductor — The chipmaker rose 2.4% after forecasting a 10% increase in annual sales for the global semiconductor industry. Live Nation – The concert giant’s shares fell 6% premarket after Bloomberg reported that the Department of Justice and some states plan to file a lawsuit against Ticketmaster in the Southern District of New York for antitrust violations by the company. Concert ticket sales. Snowflake — The cloud computing company rose 3.8% after beating Wall Street’s first-quarter revenue estimates.Snowflake’s sales were $829 million, compared with $786 million expected by analysts polled by LSEG. However, adjusted earnings for the quarter came in at 14 cents per share, 4 cents below the consensus estimate. News Corp — Shares surged more than 5% late Wednesday after the company said it had entered into a “multi-year global partnership” with OpenAI. As part of the deal, OpenAI will be able to display content from NewsCorp outlets within its ChatGPT chatbot. VF Corp — The parent company of The North Face and Vans fell 13.6% after reporting an unexpected loss per share and lower earnings in its fiscal fourth quarter. VF Corp posted a loss of 32 cents per share on revenue of $2.37 billion, compared with analysts polled by LSEG expecting earnings of 1 cent per share on revenue of $2.41 billion. NetEase — The Chinese game maker’s U.S. shares fell 3.4% after first-quarter revenue fell short of expectations. NetEase also issued a smaller quarterly dividend than in the previous quarter. Elf Beauty — The cosmetics maker easily beat the consensus estimate of analysts surveyed by FactSet for its fiscal fourth quarter, rising 3.4%. Specifically, Elf posted earnings per share excluding items of 53 cents on sales of $321.1 million, while analysts expected just 33 cents on sales of $292.6 million. However, its full-year outlook fell short of expectations. LiveRamp Holding — The advertising technology company rose 14.5% after better-than-expected revenue in the fiscal fourth quarter. On top of that, LiveRamp provided solid earnings guidance for both the current quarter and the full year.Cytokinetics — The biopharmaceutical company fell 14.7% following a $500 million common stock offering. JPMorgan, Goldman Sachs and Morgan Stanley are the sole joint book-running managers. DuPont de Nemours — Shares rose 5.3% after the company said it would split into three separate businesses. One housing industrial solutions business will become the new DuPont; one two will focus on electronics and water cleaning. Additionally, the company said CEO Ed Brett will step down to become chairman of the board on June 1 and will be replaced by CFO Lori Koch. Alibaba — Shares fell 1.5% after Bloomberg News reported that the Chinese technology giant is considering selling convertible bonds to raise $5 billion. Bloomberg reported, citing anonymous sources, that the bond offering could happen as early as this week. Take-Two Interactive Software — The video game stock rose 2.3% after Bank of America changed its rating to buy from neutral. The investment firm said in a client note that Take-Two’s games pipeline for this year still looks strong, even with Grand Theft Auto scheduled for fall 2025. Upgraded to outperform sector perform. RBC said the stock has notable growth opportunities. Hasbro — Shares rose 3% after JPMorgan upgraded Hasbro to overweight from neutral, saying investors are underestimating the toy maker’s cost efficiencies and digital gaming forecasts. The Wall Street firm said it expects both to increase. — CNBC’s Jesse Pound, Pia Singh, Yun Li, Tanaya Macheel, Sarah Min and Michelle Fox contributed to the report
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