Yahoo Finance Trending tickers: Nvidia | JD Sports | AMC | Hays
A look at the stocks making headlines on Thursday
Nvidia (NVDA)
Chip firm Nvidia beat already high expectations with revenue of $13.51bn (£10.64bn), a 101% jump from last year.
Adjusted earnings came in at $2.70 per share, up 429% from last year. Analysts had expected revenue to come in at $11.04bn with earnings per share totalled $2.07, according to data from Bloomberg.
Nvidia has benefitted from the boost in AI interest across the board, as companies push for more advanced tech to streamline their services.
Read more: FTSE and European markets follow Asia higher as Nvidia earnings bolster sentiment
"Companies worldwide are transitioning from general-purpose to accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA, in a statement.
Stock futures show the firm is headed for an open 7% higher than Wednesday's closing price.
JD Sports (JD.L)
UK activewear retailer JD Sports was among the top risers on the FTSE (^FTSE) on Thursday, but it hasn't come close to the position it held at the start of the week.
Stock was up 4.4% by late-morning having slipped earlier in the week due to fears of weak trading at its US business rival Dick's Sporting Goods (DKS).
AMC (AMC)
Entertainment chain AMC is ending trading of its AMC Preferred equity Units on Thursday and converting those into common stock.
The move has meant volatility for the company on public markets.
Read more: Stocks that are trending today
Shares were down again in pre-market but losses are not as acute as they were earlier in the week. AMC saw a 23% dip in Wednesday's session alone.
The company is also set to execute a one-for-10 reverse stock split on Thursday.
Hays (HAS.L)
Hays stock price dipped early on Thursday but somewhat stabilised in late-morning trade in London.
The wobble came as the recruiter said permanent placements are under continued pressure, despite stability in the temporary staff sector.
This cuts both ways — it shows poor confidence levels among candidates and potential employers amid high wage inflation and a potential looming recession. The time taken to hire people is increasing too.
As a result there are set to be headcount cuts to the tune of about 3-4%.
Watch: Markets in 3 Minutes: Nvidia gold rush, Bonds look beautiful
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