Nvidia, Microsoft, Alphabet, Splunk rise premarket; Boeing, Dollar Tree fall

investing.com:

Investing.com — U.S. futures traded in a mixed fashion Thursday, with the tech sector dominating after Nvidia’s strong quarterly numbers.

Here are some of the biggest premarket U.S. stock movers today:

Nvidia (NASDAQ:NVDA) stock rose 7.8% after the world’s most valuable chipmaker posted stellar quarterly earnings, with second-quarter revenues crushing lofty expectations, boosted by the frenzy over generative artificial intelligence.

Microsoft (NASDAQ:MSFT) stock rose 2% and Google-owner Alphabet (NASDAQ:GOOGL) stock rose 1.4%, boosted by the strong Nvidia earnings as both companies have been rushing to incorporate generative AI into their web search platforms.

Boeing (NYSE:BA) stock fell 1.8% after the planemaker warned of delays in near-term deliveries of 737 MAX jets due to a fresh quality issue involving its biggest supplier Spirit AeroSystems (NYSE:SPR), down 6.4%.

Splunk (NASDAQ:SPLK) stock rose 13% after the data analytics software maker forecast third-quarter revenue above market estimates on expectations of AI-related spending.

Dollar Tree (NASDAQ:DLTR) stock fell 4.6% after the discount retailer forecast annual profit below expectations as it expects a hit from a shift in spending towards lower-margin consumables.

Petco Health and Wellness Company (NASDAQ:WOOF) stock fell 13% after the pet supply retailer swings to a quarterly loss and cuts its annual guidance.