Stocks making the biggest moves premarket: Nvidia, Trump Media, Accenture and more
Why did Accenture's stock jump despite missing earnings expectations?
Accenture's stock jumped due to posting more than $900 million in new generative AI bookings, despite missing earnings and revenue expectations in its latest quarter. This indicates the company's growth in the market for generative artificial intelligence, which is seen as a significant factor for investors.
What caused Trump Media & Technology Group's shares to tumble nearly 12%?
Trump Media & Technology Group's shares tumbled nearly 12% after the company announced that its registration of additional shares was declared effective by the Securities and Exchange Commission (SEC). This move could potentially dilute shareholders' stakes, causing concern among investors.
How did Nvidia become the most valuable public company?
Nvidia became the most valuable public company by surpassing Microsoft in market capitalization, reaching approximately $3.34 trillion. This achievement was driven by the increasing demand for Nvidia's AI chips, which are essential for powering AI systems, and the growth of its data center business. Nvidia's strong financial performance and its role in the AI industry have contributed to its stock price surge of more than 170% this year.