Today's Morning Movers and Top Ratings: AMD, NVDA, SBUX, PINS and More

$Advanced Micro Devices (AMD.US)$ stock increased by 7.5% after the chipmaker raised its 2024 artificial intelligence chip sales forecast by $500 million and noted that supply constraints would persist through 2025.

$NVIDIA (NVDA.US)$ stock climbed 6.6%, buoyed by AMD's positive results and a 'Top Pick' reassignment from Morgan Stanley following a recent sharp decline in the chipmaker's stock due to a broader market sell-off.

$Starbucks (SBUX.US)$ stock gained 4.1% after the coffee chain reported quarterly profits that met expectations, despite a global sales drop due to continued weak consumer spending in its key markets, such as the U.S. and China.

$T-Mobile US (TMUS.US)$ US stock advanced 2.9% after the telecoms company increased its full-year prediction for the addition of monthly bill-paying phone subscribers, attributing the rise to more customers choosing its discounted unlimited plans with streaming benefits.

$Match group (MTCH.US)$ stock jumped 10.2% as the online dating company surpassed second-quarter revenue expectations and disclosed plans to reduce its workforce by about 6% to decrease expenses.

$DuPont (DD.US)$ stock appreciated by 4.8% after the chemical company raised its full-year outlook and exceeded earnings forecasts for the second quarter.

$HSBC Holdings (HSBC.US)$ ADRs moved up 3.6% following the British bank's announcement of a better-than-expected second-quarter profit and a $3 billion buyback.

Gapping down
$Microsoft (MSFT.US)$ stock dropped 2.9% following the company's fourth-quarter update, which was overshadowed by higher projected spending on artificial intelligence infrastructure amid a slowdown in its cloud business growth.

$Pinterest (PINS.US)$ shares tumbled 5.2% after the social media platform provided a third-quarter outlook that fell short of expectations, despite reporting a record high of 522 million global monthly active users, a 12% year-over-year increase.

$Humana (HUM.US)$ stock decreased by 7.5% after the health insurer reported a decline in profit, despite performing well in its Medicare Advantage insurance business for older adults.

$GE HealthCare Technologies (GEHC.US)$ stock dipped 2.64% after the medical device company lowered its annual revenue growth forecast due to an anticipated slowdown in sales in China.