Investing.com - Financial Markets Worldwide

Nvidia, Tesla and Hormel Foods fall premarket; Snowflake rises

AuthorPeter Nurse
Published 28/08/2025, 12:06
© Reuters.
NTAP
-3.78%
NVDA
-3.34%
HRL
0.87%
TSLA
-3.50%
CRWD
-4.10%
LI
0.47%
SNOW
-0.97%

Investing.com -- U.S. stock futures traded in a mixed fashion Thursday, with investors digesting results from tech giant Nvidia ahead of the release of key economic data.

Here are some of the biggest premarket U.S. stock movers today:

  • Nvidia (NASDAQ:NVDA) stock fell 1.7% after the chip designer reported a miss on crucial data centre revenue and questions over China forecasts caused investors to question the company’s elevated valuation.

  • Snowflake (NYSE:SNOW) stock rose 14% after the artificial-intelligence data platform raised its forecast for fiscal 2026 product revenue on Wednesday, banking on strong demand for its data analytics services, as enterprises prioritize artificial intelligence spending.

  • Tesla (NASDAQ:TSLA) stock fell 0.2% after the electric vehicle’s Europe sales and market share fell sharply in July, according to data from the European Automobile Manufacturers’ Association, even as broader electric vehicle sales in the region continued to increase.

  • Hormel Foods (NYSE:HRL) stock fell 5.9% after the foods company reported third-quarter earnings that significantly missed analyst expectations, despite posting stronger-than-expected revenue.

  • NetApp (NASDAQ:NTAP) stock fell 7.3% after the intelligent data infrastructure company’s first-quarter results barely beat expectations, as enterprises soften spending on cloud-based storage services.

  • Li Auto (NASDAQ:LI) stock fell 3.1% after the Chinese electric vehicle reported second-quarter earnings that missed analyst expectations, and issued a disappointing outlook for the third quarter.

  • CrowdStrike (NASDAQ:CRWD) stock dropped 3.8% after the cybersecurity firm’s weak quarterly revenue forecast signaled the lasting effects of a botched update last year that caused a global outage.

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