By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, February 23rd. Please refresh for updates.
Nvidia (NASDAQ:NVDA) stock rose 10% after the chipmaker reported strong quarterly numbers and forecast a boom ahead in demand for its chips from data centers that it sees using the new generation of Artificial Intelligence.
Alibaba (NYSE:BABA) ADRs rose 5.8% after the Chinese e-commerce giant reported better-than-expected quarterly revenue, benefiting from the country easing COVID-19 curbs.
Etsy (NASDAQ:ETSY) stock rose 3.2% after the online crafts marketplace beat revenue expectations as shoppers continued to buy clothes, jewelry, and home goods.
eBay (NASDAQ:EBAY) stock fell 5.3% after the e-commerce giant warned that demand was set to slump in the first half of this year, after reporting a fall in holiday-quarter earnings due to reduced consumer spending.
Lucid Group (NASDAQ:LCID) stock fell 13.5% after the electric vehicle maker disappointed with its 2023 production guidance and reported a major drop in orders during the fourth quarter.
Bumble (NASDAQ:BMBL) stock rose 5.4% after the online dating site forecast annual revenue growth above estimates on optimism over rising paying users on its app.
Pioneer Natural Resources (NYSE:PXD) stock rose 1.6% after the shale producer posted better-than-expected fourth-quarter earnings on the back of crude prices near multi-year highs.
Dollar General (NYSE:DG) stock fell 4.1% after the discount retailer lowered its holiday-quarter profit forecast as heavy discounts and higher costs ate into margins.
Domino’s Pizza (NYSE:DPZ) stock fell 8.2% after the pizza chain missed quarterly U.S. same-store sales estimates, suggesting price hikes were eating into demand for the company's produce.