Today's Morning Movers and Top Ratings: NVDA, MU, SNOW, MDT and More
Morning Movers
Gapping up
$NVIDIA (NVDA.US)$ stock soared over 7% after the company's first-quarter earnings exceeded expectations, boosted by a strong AI industry demand. Nvidia's success also positively influenced its peers, with $Advanced Micro Devices (AMD.US)$ and $Broadcom (AVGO.US)$ each gaining over 2%, while $Micron Technology (MU.US)$ rose 3.8%, and chip designer $Arm Holdings (ARM.US)$ nearly 4%.
$News Corp-B (NWS.US)$ shares increased by 2% following a content sharing agreement with OpenAI.
$Snowflake (SNOW.US)$ 's stock jumped 3.9% on the back of second-quarter product revenue projections that surpassed estimates, leading to raised annual expectations.
$DuPont (DD.US)$ 's stock advanced 5.4% after the company announced its plan to split into three public companies.
$Taiwan Semiconductor (TSM.US)$ 's shares went up 2.7% after predicting a solid annual revenue growth for the global semiconductor industry.
$Medtronic (MDT.US)$ saw a 1% rise in its stock after quarterly profits beat the forecasts, helped by a surge in surgical volumes at hospitals that spurred demand for its medical devices.
Gapping down
$Live Nation Entertainment (LYV.US)$ experienced a 6.8% drop in stock value following news of a potential lawsuit from the Department of Justice over possible monopolistic practices by its Ticketmaster unit, coupled with legislative pressure to separate the two entities.
Source: CNBC; Investing.com
US Top Rating Updates on 05/23
![Today's Morning Movers and Top Ratings: NVDA, MU, SNOW, MDT and More](https://ussnsimg.moomoo.com/sns_client_feed/77777018/20240523/451777a8f3ed4bbe83d2befbde99c047.jpg?area=100&is_public=true/bigmoo)
Source: Dow Jones
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