Nvidia shares pop as analysts dismiss AI bubble concerns
Investing.com -- U.S. stock futures surged higher Thursday, as stellar earnings from AI-darling Nvidia calmed concerns over elevated tech valuations.
Here are some of the biggest premarket U.S. stock movers today:
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Nvidia (NASDAQ:NVDA) stock surged 4.8% after the world’s most valuable company posted third-quarter sales growth of 62%, the first acceleration in seven quarters, and offered up positive guidance.
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Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Super Micro Computer (NASDAQ:SMCI) and Oracle (NYSE:ORCL) all traded higher after Nvidia’s report, as they are all heavily tied to the demand for artificial intelligence computing power.
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Walmart (NYSE:WMT) stock fell 0.6% after the retail giant reporting better-than-expected third-quarter results and raising its fiscal year 2026 outlook.
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Bath & Body Works (NYSE:BBWI) stock slumped 14% after the retailer issued disappointing guidance and posted soft quarterly results.
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Amazon (NASDAQ:AMZN) stock gained 1.5% after Morgan Stanley said it sees significant upside in the tech giant as its cloud unit gathers momentum heading into 2026.
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Tesla (NASDAQ:TSLA) stock rose 2.1% after Piper Sandler said the electric vehicle manufacturer’s full self-driving software is so advanced that it may already outperform human drivers.
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Palo Alto Networks (NASDAQ:PANW) stock dropped 3.8% after the networking and security company agreed to acquire Chronosphere for $3.35 billion, with the aim of expanding its data and security offerings for organisations handling AI workloads.
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Oddity Tech (NASDAQ:ODD) stock soared 17% after the tech-based healthcare company blew past forecasts in the third quarter, recording a 24% jump in revenue from last year, and raised its full-year guidance thanks to powerful online brands and fresh product launches.