Stocks to Watch Thursday: Nvidia, MicroStrategy, Adani Enterprises, Snowflake -- WSJ

Dow Jones11-21 17:54

By Angus Berwick

Nvidia $(NVDA)$: The chip maker reported a near-doubling in quarterly profit and revenue, but failed to meet some investors' lofty expectations. Shares fell more than 3% in premarket trading.

MicroStrategy $(MSTR.AU)$: The cryptocurrency-buying software company's stock closed at a record Wednesday, after it said it had sold $2.6 billion of convertible bonds to purchase more bitcoin. The shares jumped premarket as bitcoin hit new highs.

Adani Enterprises (IN:512599): Gautam Adani, the billionaire founder of Indian conglomerate the Adani Group, was charged by the Justice Department with orchestrating a massive bribery scheme. Shares in the group's flagship firm, Adani Enterprises, plummeted more than 20% in Mumbai.

Snowflake (SNOW): The data-cloud company reported revenue ahead of analysts' forecasts. Its forecasts also exceeded estimates, though losses grew. Snowflake's shares leaped 25% ahead of the opening bell.

Alphabet $(GOOGL)$, $(GOOG)$: The Justice Department on Wednesday said Google should have to sell off its popular Chrome browser as part of a court-ordered fix to its monopolization of the online search market. Shares in Alphabet, Google's parent company, slipped premarket.

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(END) Dow Jones Newswires

November 21, 2024 04:54 ET (09:54 GMT)

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