Macy’s, Twitter, Dollar General Rise Premarket; Nvidia, Apple Fall By Investing.com

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Thursday, May 26th. Please refresh for updates.

• Nvidia (NASDAQ:) stock fell 4.2% after the chipmaker warned that it lost $500 million in sales in China and Russia in the current quarter as gaming demand slowed.

• Snowflake (NYSE:) stock fell over 13% after the data analytics software maker issued disappointing guidance for the current quarter, expecting its adjusted operating margin to be negative.

• Apple (NASDAQ:) stock fell 1.2% after Bloomberg reported that the company expects not to increase production of its iPhones this year, as lockdowns in China have disrupted its business.

• Twitter (NYSE:) stock rose 5.7% after a filing showed that billionaire Elon Musk lifted his personal commitment in buying the social messaging network by $6.25 billion to $33.5 billion and was also in talks with shareholders for additional financing commitments to fund the deal.

• Macy’s (NYSE:) stock soared 14.2% after the department store raised its full-year profit forecast, helped by strong demand for apparel from consumers returning to work and social events.

• VMware (NYSE:) stock rose 1.5% after Broadcom (NASDAQ:), down 1.8%, said it will buy the cloud service provider in a $61 billion cash-and-stock deal to further diversify the chipmaker’s business into enterprise software.

• Dollar General (NYSE:) stock rose 11% after the discount store operator raised its sales forecast for the year, as more Americans sought out bargains with inflation soaring.

• Alibaba (NYSE:) ADRs rose 4.4% after the Chinese e-commerce giant beat market expectations for , helped by demand for its ecommerce and cloud services as lockdowns in the country’s biggest cities prompted more remote work.

• Williams-Sonoma (NYSE:) stock rose 9.1% after the home furnishing retailer reported strong first quarter results, with high net worth customers still spending despite inflationary pressures.

• Southwest Airlines (NYSE:) stock rose 2% after the carrier raised its second-quarter operating revenue forecast, as travel demand rebounds strongly from pandemic lows.

• Dollar Tree (NASDAQ:) stock rose over 15% after the discount retailer increased its sales forecast for the year as customers looked for cheaper options as record-high inflation depleted their spending power.