US stock futures were flat on Thursday after the S&P 500 and Nasdaq indexes hit record closing highs on Wednesday, powered mainly by technology stocks as markets digested economic data that could support a much-expected start to the Federal Reserve's policy easing cycle.
These stocks made moves Thursday:.
Nvidia - Nvidia shares gained another 1.5% in premarket trading Thursday after jumping 5.2% on Wednesday.
Nvidia's rallied to record highs on Wednesday, with the artificial intelligence chipmaker's valuation breaching the $3 trillion mark and overtaking Apple to become the world's second most valuable company.
Nvidia is preparing to split its stock ten-for-one, effective on June 7, a move that could increase its appeal to individual investors.
TSMC - TSMC gained another 1.7% in premarket trading Thursday after analysts reported that ASML is optimistic that TSMC will receive its advanced chipmaking machine this year. On Wednesday, TSMC said it plans to repurchase 3.25 million shares on the Taiwan Stock Exchange. The buyback is aimed at offsetting stock dilution from shares issued to employees under incentive programs.
GameStop - GameStop shares dropped 3.4% in premarket trading Thursday after soaring 19.1% on Wednesday.
Shares of GameStop Corp. resumed their rally Wednesday, with the stock climbing 19.1% after ending Tuesday's session down 5.4%.
The videogame retailer's shares finished trading at $31.57, their highest close since May 15, 2024, when they ended that day's session at $39.55. GameStop's stock is now up four of the last five trading sessions.
Novavax - Novavax said it expected it would be able to deliver a vaccine targeting the strain of Covid-19 recommended by a regulatory advisory group in the U.S. by September. The shares surged 20% in premarket trading Thursday.
Lululemon Athletica - Lululemon's stock rose 8.9% in premarket trading Thursday as the company boosted its full-year profit outlook and raised its stock repurchase program by $1 billion.
Five Below - Five Below Inc. cut its sales forecast for the year after a tough quarter where the retailer stocked more Squishmallows than shoppers wanted to buy. The shares tumbled 16.5% in premarket trading Thursday.
Victoria's Secret & Co - Victoria’s Secret & Co. on Wednesday said it was “encouraged” by demand for its bras, sleepwear and other clothing in May, but the company said it was exercising restraint amid continued caution more broadly among the U.S. consumer. The shares dropped 2.3% in premarket trading Thursday.
Smartsheet - Smartsheet Inc. delivered an upbeat earnings outlook, sending shares of the software maker 12.7% higher in premarket trading Thursday. For the full fiscal year, Smartsheet models revenue of $1.116 billion to $1.121 billion, while the FactSet consensus was for $1.116 billion. The collaboration-software company’s prior full-year outlook was for $1.113 billion to $1.118 billion in revenue.
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