Shares of Nvidia, +2.54% went up 3% before the market opened. The company that makes graphics chips recently raised its earnings estimates because of demand for artificial intelligence. Over the weekend, it announced a bunch of new products. Shares of companies like Palantir Technologies PLTR, +6.31%, Advanced Micro Devices AMD, +5.55%, and C3.ai AI, +15.95% also went up because of excitement about AI.
The stock of Ford Motor Co. F, +6.24% went up by 3%. Jefferies changed their opinion of the car company from “hold” to “buy.” Shares of HP Inc. HPQ went up by 1%. On Tuesday, after the bell, the company that makes computers will report its earnings for the second quarter of its fiscal year. FactSet predicts that the company will earn an adjusted 76 cents per share on sales of $13.1 billion.
Shares of Newell Brands Inc. NWL, +3.22% fell more than 3% during the extended session on Friday. This happened after the consumer products company that owns Rubbermaid and other brands said it was starting a restructuring and savings plan to “streamline” its North American distribution network.