Trending tickers: Nvidia, CrowdStrike, Him & Hers, Rémy Cointreau and WH Smith
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Nvidia (NVDA)
Chipmaker Nvidia (NVDA) regained its title as the world's most valuable company on Tuesday, with a market capitalisation of $3.444tn ($2.54tn) eclipsing Microsoft's (MSFT) $3.441tn.
Nvidia stock has gained around 50% since hitting a 12-month low of just over $94 in early April, adding more than $1tn to the company's market capitalisation, as investors pile back into the "Magnificent 7" Big Tech stocks.
The latest rise in the shares came after Nvidia's contract chip manufacturer TSMC reaffirmed on Tuesday that AI chip demand remains robust.
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This added to the momentum behind the stock from its first quarter results, which were released last week. Nvidia delivered first quarter revenue of $44.1bn, topped estimates of $43.3bn, though earnings per share of $0.81 were below expectations of $0.93.
Shares popped on the back of the results, despite Nvidia warning of a $4.5bn charge from controls on its exports of its H20 chips to China. Excluding this charge, Nvidia said that earnings per share would have been $0.96 for the first quarter.
CrowdStrike (CRWD)
Shares in cybersecurity firm CrowdStrike (CRWD) slid 6.3% in pre-market trading on Wednesday, as investors digested its first quarter results, which were released on Tuesday.
The company posted adjusted earnings per share of $0.73 for the quarter, compared to a Bloomberg consensus estimate of $0.66, while revenue of $1.1bn was in line with expectations.
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However, the stock fell due to a weaker-than-expected second quarter outlook, with CrowdStrike seeing revenue in the range of $1.14bn to $1.15bn, compared to estimates of $1.16bn.
George Kurtz, founder and CEO of CrowdStrike, said: "We started the fiscal year with record Q1 large deal and MSSP (managed security service providers) momentum alongside sustained 97% gross retention and consistently strong net retention as the market consolidates on Falcon as its cybersecurity platform of choice for the agentic AI era."
Him & Hers (HIMS)
Shares in US telehealth company Him & Hers (HIMS) closed Tuesday's session 3.6% in the red but were up 2.7% in pre-market trading on Wednesday.
This came after the company announced that it would be acquiring European telehealth platform Zava in an all-cash deal.
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Him & Hers said in an announcement on Tuesday that the move would expand its footprint in the UK and would launch the company into Germany, France and Ireland, with more markets anticipated soon.