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.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
November 21, 2024 04:54 ET (09:54 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments