Today's Morning Movers and Top Ratings | NVDA, DLTR, ZS, GTLB and More
Morning Movers
Gapping up
$Gitlab (GTLB.US)$ Shares jumped 12.9% as the software-development platform uplifted its full-year outlook, driven by increased efforts from businesses to incorporate artificial intelligence and security features into their technology.
$United States Steel (X.US)$ Shares edged up by 0.5%, recovering after a significant drop in the previous session, amid reports that the company might close mills and potentially relocate its headquarters from Pittsburgh if the planned buyout by Nippon Steel does not proceed.
Gapping down
$NVIDIA (NVDA.US)$ Shares declined 1.7% following a report that the U.S. Department of Justice issued a subpoena to the company as part of an investigation into its dominance in the artificial intelligence chip market.
$Dollar Tree (DLTR.US)$ Shares plummeted 10.2% after the discount retailer reported fiscal second-quarter earnings significantly below expectations and reduced its full-year forecast, highlighting increased financial pressure on its middle- and higher-income customers.
$Hormel Foods (HRL.US)$ Shares dropped 6.8% as the food manufacturer reported fiscal third-quarter sales below estimates and revised its guidance downwards.
$Zscaler (ZS.US)$ Shares tumbled 16.9% after the cloud security firm reported fiscal fourth-quarter results that exceeded expectations, but offered a weaker-than-expected outlook for fiscal 2025.
Source: CNBC; Investing.com
US Top Rating Updates on 09/04
Source: Dow Jones
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SoundOfMusic : To solve the $NVIDIA (NVDA.US)$ AI dominant problem, import the $XPeng (XPEV.US)$ Turing chip for smart driving. That will take care of one segment of AI business.
Of course, this will not happen.
74423696 : What about X I ?
Laine Ford : all the stock is ok