Tesla was falling 1.7% in premarket trading, extending losses of 3.5% on Wednesday after the electric-vehicle maker posted third-quarter deliveries that rose 6% from a year earlier and slightly beat Wall Street expectations. Coming into the deliveries report, Tesla stock had risen about 23% over the past month but entering Thursday’s session have gained just 0.2% for the year.
Nvidia shares gained 1% in premarket trading. Nvidia CEO Jensen Huang indicated the demand for its latest GPU, Blackwell, remains on track.
"Blackwell is in full production," Huang said Wednesday during an interview with CNBC. "Blackwell is as planned, and the demand for Blackwell is insane. Everybody wants to have the most, and everybody wants to be first."
U.S.-listed shares of Faraday Future gained 7.48% in premarket trading. Faraday Future announced that its Global CEO, Matthias Aydt, and Founder and Chief Product and User Ecosystem Officer of FF, YT Jia, purchased shares of the Company’s Class A common stock in September, in an aggregate amount of 10,455 shares for $35,799.
Levi Strauss dropped 11% after the jeans makerreduced its fiscal-year revenue outlookand again said it was reviewing strategic alternatives for its Dockers brand that could include a potential sale.Levi Strauss expects fiscal-year revenue up about 1%, down from prior guidance for growth of 1% to 3%. The company reported fiscal third-quarter earnings of 33 cents a share, beating estimates of 31 cents, as revenue rose slightly to $1.52 billion but missed expectations of $1.55 billion.
Humana fell 12% on both Tuesday and Wednesday but was rising slightly in premarket trading after the Centers for Medicare and Medicaid Services cut the quality rating of the company’s largest Medicare Advantage plan. The move will have a major impact on the quality bonuses the government pays Humana in 2026, which could in turn weigh on earnings. Shares of Humana, the health insurance and Medicare services company, have declined 46% this year.
Wolfspeed, the silicon carbide technologies company, was downgraded to Underperform from Neutral at Mizuho and the price target was reduced to $8 from $17. The stock was falling 3.6% to $8.82.
Constellation Brands, the alcoholic-beverages maker, is scheduled to report fiscal second-quarter earnings before the stock market opens Thursday. The company in early Septemberreduced its fiscal 2025 outlookon weakness in its wine and spirits business. Shares dipped ahead of the earnings report.
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