Today’s stocks to watch: AMD, Palantir, and Super Micro
Key Points To Watch Out For:
- Palantir rises 6% after lifting its full-year forecast.
- Hims dropped 10% following a break with Novo Nordisk and disappointing sales.
- BP gains 2.5% on improved margins and announced cost cuts.
Palantir (PLTR): Momentum from Upward Guidance
Palantir gained 6% in premarket trading after reporting quarterly earnings that surpassed expectations and raising its full-year outlook. The company continues to benefit from growing demand for its AI-driven software offerings.
Hims & Hers (HIMS), Novo Nordisk (NVO): Declines on Partnership Fallout and Weak Results
Shares of Hims fell over 10% after missing revenue estimates. The stock was further pressured by tensions with Novo Nordisk, sparked by Hims’ offering of generic weight-loss medications via its platform.
Vertex Pharmaceuticals (VRTX): Setback Following Clinical Trial Decision
Vertex declined 14% in after-hours trading after announcing it will halt development of its experimental pain treatment, despite promising early-stage data. The decision underscores the company’s reliance on its late-stage pipeline.
DuPont de Nemours (DD): Strong Sales and Upbeat Outlook
DuPont rose 7% in premarket trading after exceeding sales projections and issuing guidance above analyst expectations. Its specialty materials division showed resilience amid uneven end-market demand.
BP (BP), Diageo (DEO): Gains Despite External Pressures
BP advanced 2.5% after reporting stronger profitability metrics and introducing additional cost-saving initiatives. Diageo added 2% despite forecasting a $200 million annual tariff impact.
Advanced Micro Devices (AMD), Super Micro (SMCI), Snap (SNAP): Key Earnings Ahead
Investors are watching earnings reports from AMD, Super Micro Computer, and Snap, all due Tuesday. These results will offer insight into demand trends for high-performance chips, server infrastructure, and social media platforms amid a still-recovering tech landscape.