U.S. Stocks to Watch: Nvidia, Salesforce, Netflix, Nutanix, Baidu and More

Dow Jones02-26 18:34

Nvidia (NVDA): The chip-making bellwether reported a 94% leap in quarterly profit and record sales, trumping expectations. Shares gained over 1% in premarket trading.

Salesforce (CRM): The software maker's quarterly results beat expectations, but its forecasts failed to reassure investors worried about AI's threat to the sector. Shares dropped nearly 4% ahead of the open.

Paramount Skydance $(PSKY)$: The entertainment and media company said streaming revenue grew last quarter, but reported weakness in TV. Paramount is pursuing a bid for Warner Bros. Discovery $(WBD)$, which is due to post earnings early Thursday.

Netflix $(NFLX)$: Shares in the streaming company, which is a rival bidder for Warner assets, gained about 1% ahead of the open, extending Wednesday's gains.

Nutanix $(NTNX)$: The cloud-computing company teamed up with AMD $(AMD)$ in a $250 million venture to develop an infrastructure platform to power AI applications. Shares jumped one-fifth ahead of the open.

Baidu $(BIDU)$: The Chinese internet company reported sharply lower profit, with revenue declining for a third consecutive quarter. American depositary receipts dropped 3% premarket.

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