Check out the companies making headlines in premarket trading. Nvidia — The chipmaker jumped 7.4% on the back of its strong fiscal first-quarter results, better-than-expected guidance and 10-for-1 stock split announcement. Super Micro Computer and Advanced Micro Devices popped more than 5% and 3%, respectively. Taiwan Semiconductor — The chipmaker advanced 2.4% after forecasting annual revenue growth at 10% for the global semiconductor industry. Live Nation – Shares of the concert giant dropped 6% premarket after Bloomberg reported the Department of Justice and a group of states are expected to file a lawsuit against the company in the Southern District of New York on Thursday for antitrust violations related to Ticketmaster’s domination of concert ticket sales. Snowflake — The cloud-computing company rose 3.8% after exceeding Wall Street’s first-quarter revenue estimates. Snowflake posted $829 million in revenue, while analysts polled by LSEG had called for $786 million. Adjusted earnings for the period came in at 14 cents a share, however, missing the consensus estimate by 4 cents. News Corp — Shares popped more than 5% following the announcement late Wednesday that the media company struck a “multi-year global partnership” with OpenAI. As part of the deal, OpenAI can display content from NewsCorp’s outlets within its ChatGPT chatbot. VF Corp — The North Face and Vans parent tumbled 13.6% after reporting an unexpected loss per share and soft revenue in the fiscal fourth quarter. VF Corp saw a loss of 32 cents per share on $2.37 billion in revenue, while analysts polled by LSEG anticipated 1 cent earned per share and $2.41 billion in revenue. NetEase — U.S. shares of the Chinese game maker dropped 3.4% on the back of weaker-than-expected first-quarter revenue. NetEase also dolled out a smaller quarterly dividend than it did in the prior quarter. E.l.f. Beauty — The cosmetics maker added 3.4% after easily surpassing consensus forecasts from analysts surveyed by FactSet for the fiscal fourth quarter. Specifically, e.l.f. posted 53 cents in earnings per share, excluding items, on $321.1 million in revenue, while analysts penciled in just 33 cents on $292.6 million in revenue. However, full-year guidance came in under expectations. LiveRamp Holding — The advertising technology firm rallied 14.5% on stronger-than-predicted earnings for the fiscal fourth quarter. On top of that, LiveRamp offered firm revenue guidance for both the current quarter and full year.
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