- MongoDB, Inc. (NASDAQ: MDB) shares dipped 17.3% to $267.00 in pre-market trading after the company issued earnings guidance below analyst estimates.
- C3.ai, Inc. (NYSE: AI) dropped 15.6% to $15.20 in pre-market trading after the company reported worse-than-expected Q1 sales results and issued Q3 and FY23 sales guidance below analyst estimates.
- Semtech Corporation (NASDAQ: SMTC) declined 14.2% to $39.64 in pre-market trading after the company issued Q3 sales guidance below analyst estimates.
- Okta, Inc. (NASDAQ: OKTA) tumbled 14% to $78.59 in pre-market trading after the company reported Q2 earnings results and issued Q3 and FY23 financial guidance. Canaccord Genuity downgraded Okta from Buy to Hold and lowered the price target from $155 to $85.
- Veeva Systems Inc. (NYSE: VEEV) dropped 11.2% to $176.95 in pre-market trading after the company issued Q3 and FY23 sales guidance below analyst estimates.
- Ciena Corporation (NYSE: CIEN) fell 10.9% to $45.19 in pre-market trading following weak quarterly sales.
- NVIDIA Corporation (NASDAQ: NASDAQ:NVDA) declined 5.4% to $142.75 in pre-market trading following a late Wednesday filing by the company that revealed that the U.S. government has communicated to it the need to secure a license for exporting its powerful AI processors such as the A100 and the yet-to-be-released H100 chips to China. This would prevent the export of these chips to China, one of its key markets.
- Hormel Foods Corporation (NYSE: NYSE:HRL) fell 4.3% to $48.11 in pre-market trading after the company posted downbeat Q3 earnings and lowered FY22 earnings forecast.
- Rio Tinto Group (NYSE: LON:RIO) dropped 3.9% to $ 54.07 in pre-market trading after the company announced plans to acquire full ownership of Turquoise Hill Resources Ltd. (NYSE: TRQ) for C$43 per share in cash.
- Advanced Micro Devices, Inc (NASDAQ: NASDAQ:AMD) dropped 3.5% to $81.92 in pre-market trading following news that the chipmakers were slapped with certain chip export restrictions to China.
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