Stocks to Watch: Microsoft, Nvidia, AMD

Dow Jones11-13 18:26

Microsoft (MSFT): A major global outage in the software giant's Microsoft 365 services extended into Friday as the company struggled to find a fix. Shares fell about 2% premarket.

Nvidia (NVDA): Shares in the AI giant look on track to regain some ground as investors come to terms with the departure of Jensen Huang. On the agenda Friday: how Huang will respond to a request from the Senate Banking Committee to testify next month.

Advanced Micro Devices (AMD), Broadcom (AVGO): Shares in the chip makers bounced yesterday as their rival, Nvidia, skidded. Investors put the brakes on that advance today, with shares in both pulling back premarket.

Richemont (CH:CFR): The Cartier owner reported strong sales and revenue growth despite a tough market backdrop. But investors honed in on missed expectations for sales growth for its key jewelry business. Shares fell by around 5% in early trade.

Strategy (MSTR): Bitcoin fell to its lowest level since mid-August as a cryptocurrency selloff deepened. That's bad news for bitcoin hoarder Strategy, whose shares fell premarket.

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