Check out which companies are making headlines in pre-market trading. Nvidia – The chipmaker jumped 7.4% on the back of its strong first-quarter financial results, better-than-expected guidance and the announcement of a 10-for-1 stock split. Prices for ultracomputers and advanced microdevices jumped more than 5% and 3%, respectively. Taiwan Semiconductor – The chipmaker advanced 2.4% after forecasting 10% annual revenue growth for the global semiconductor industry. Live Nation – Shares of the concert giant fell 6% after Bloomberg reported that the Justice Department and a group of states are expected to file a lawsuit against the company in the Southern District of New York on Thursday over antitrust violations related to Ticketmaster's dominance of concert ticket sales. Snowflake – The cloud computing company rose 3.8% after beating Wall Street's first-quarter revenue estimates. Snowflake reported revenue of $829 million, while analysts surveyed by LSEG had called for $786 million. Adjusted earnings for the period were 14 cents per share, however, they beat the consensus estimate by 4 cents. News Corp – Shares rose more than 5% after announcing late Wednesday that the media company had entered into a “global, multi-year partnership” with OpenAI. As part of the deal, OpenAI can display content from NewsCorp outlets within its ChatGPT chatbot. VF Corp – North Face and Vans parent stock fell 13.6% after reporting an unexpected loss per share and soft revenue in its fiscal fourth quarter. VF Corp. saw a loss of 32 cents per share on revenue of $2.37 billion, while analysts polled by LSEG expected earnings of 1 cent per share and $2.41 billion in revenue. NetEase – US shares of the Chinese game maker fell 3.4% on weaker-than-expected first-quarter revenue. NetEase also distributed a smaller quarterly dividend than in the previous quarter. Elf Beauty – The cosmetics maker added 3.4% after easily beating consensus expectations from analysts surveyed by FactSet for its fiscal fourth quarter. Specifically, Elf reported 53 cents of earnings per share, excluding items, on revenue of $321.1 million, while analysts expected just 33 cents on revenue of $292.6 million. However, full-year guidance fell short of expectations. LiveRamp Holding – The ad technology company rose 14.5% on stronger-than-expected fiscal fourth-quarter earnings. Furthermore, LiveRamp provided firm revenue guidance for both the current quarter and the full year. Cytokinetics – The biopharmaceutical company fell 14.7% following its $500 million common stock offering. JPMorgan, Goldman Sachs and Morgan Stanley are the only joint book-running managers. DuPont de Nemours – Shares rose 5.3% after the company said it would split into three separate companies. One of DuPont's residential industrial solutions operations will become the new DuPont company. The two will focus on electronics and water cleaning. Additionally, CEO Ed Breed said he plans to step down to become CEO of the board on June 1, and will be succeeded by CFO Lori Koch. Alibaba – Shares fell 1.5% after Bloomberg News reported that the Chinese tech giant is considering a convertible bond sale to raise $5 billion. Bloomberg, citing anonymous sources, said the bond offering could appear as soon as this week. Take-Two Interactive Software – The video game stock rose 2.3% after an upgrade to buy from Bank of America. Take-Two's game pipeline for this year still looks strong even though Grand Theft Auto is scheduled for a fall 2025 release, the investment firm said in a note to clients. GoodRX – Medical-focused digital healthcare platform rose 5.8% in the wake of RBC upgrade to outperform the sector. RBC said the stock has notable growth opportunities. Hasbro – Shares traded 3% higher after JPMorgan upgraded Hasbro to overweight from neutral, saying investors are underestimating the toy maker's cost efficiency and digital gaming outlook. The Wall Street firm said it expects both to intensify. — CNBC's Jesse Pound, Pia Singh, Yun Li, Tanaya Machel, Sarah Min and Michelle Fox contributed reporting.
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