KULR Technology reports 116% revenue growth in third quarter
Investing.com -- U.S. stock futures slipped lower Tuesday, with traders cautious ahead of eagerly-anticipated earnings from AI-darling Nvidia as well as key employment data.
Here are some of the biggest premarket U.S. stock movers today:
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Home Depot (NYSE:HD) stock slipped 3.6% after the world’s largest home improvement retailer reported third-quarter adjusted earnings that fell short of analyst expectations, despite posting revenue that exceeded forecasts.
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Nvidia (NASDAQ:NVDA) stock fell 0.9% ahead of the chipmaker’s quarterly earnings report, which could trigger a $320 billion swing in the chipmaker’s market value — the largest post-earnings move ever for the AI giant.
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Alphabet (NASDAQ:GOOGL) stock gained 0.3% despite CEO Sundar Pichai saying in an interview with the BBC published on Tuesday that no company would be unscathed if the AI boom collapses.
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Axalta Coating Systems (NYSE:AXTA) stock gained 7.7% after Akzo Nobel (AS:AKZO) said it will acquire its U.S.-based peer in a $9.2 billion all-stock transaction aimed at creating a global major in the paints and coatings industry.
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PDD Holdings (NASDAQ:PDD) stock fell 3.2% depsite the Chinese retail giant reported a 9% jump in quarterly revenue, in a sign the value-focused e-commerce firm’s moves to slash prices and offer steep discounts were bolstering demand in its home market.
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Alibaba (NYSE:BABA) stock gained 0.5% after the Chinese online marketplace launched a major upgrade to its AI chatbot, marking an aggressive push into the consumer artificial intelligence market where it has lagged rivals.
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Baidu (NASDAQ:BIDU) stock rose 0.3% after the Chinese internet giant reported better-than-expected third-quarter profit and revenue as its cloud business continued to grow at a rapid pace.
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Barrick Mining (NYSE:B) stock gained 2.6% after the Financial Times reported that Elliott Management has built a “large” stake in the gold miner.