Check out the companies that make headlines before the bell. NVIDIA – AI Chip Darling stock fell by around 2%, extending its loss of 8.5% from the previous session. This comes right after the company, seeing that the gross profit margin for the fourth quarter falls and revenue for that period is the lowest in two years. China Stocks – US stocks of Chinese companies declined after the Chinese president vowed to retaliate when necessary against President Donald Trump’s latest threat to impose an additional 10% tariff on Chinese products on March 4th. E-commerce giant Alibaba fell by more than 4%. Another automaker, Li Auto, slid about 5%. Dell Technologies – High-tech stocks fell nearly 7% after $23.93 billion, $23.93 billion per LSEG missed a consensus estimate of $245.6 billion. However, adjusted earnings of $2.68 per share exceeded the analysts’ forecast of $2.53 per share. Autodesk – Shares rose about 1% after the company’s fourth quarter results surpassed Wall Street’s estimates. During this period, Autodesk recorded an adjusted profit of $1.64 billion in revenue of $2.29 per share, while analysts surveyed by LSEG expected revenue of $2.14 per share, $1.63 billion. However, the company also announced it plans to fire 1,350 employees, or 9% of its workforce. Rocket Lab – Shares plummeted more than 16% after the company provided weaker guidance than current quarterly expectations. Rocket Lab forecasts EBITDA losses between $33 million and $35 million, while analysts surveyed by LSEG expected a loss of $28 million. For revenue, the company expects between $117 million and $123 million, below the consensus estimate of $136 million. Duolingo – After Duolingo gave EBITDA instruction adjusted for the current quarter, the stock of the online language learning platform plummeted around 9% after giving Added EBITDA instruction that it hadn’t reached what analysts had predicted. However, the company generated revenue in the fourth quarter, exceeding analyst consensus expectations. HP – Stocks fell 3% after HP issued quarter guidance that was softer than the announcement, reflecting the costs of diversifying supply chains outside China due to increased tariffs. HP expects earnings adjusted to 85 cents per share in the second quarter, ranging from 75 cents to 85 cents per share, according to Factset. Otherwise, HP’s first quarter revenues missed a small estimate while revenues won. NetApp – Tech stocks sank 15% after its fiscal third quarter report showed softer than expected revenues. According to LSEG, NetApp reported revenue of $1.644 billion below analysts’ forecast of $1.69 billion. The adjusted earnings of $1.91 per share were consistent with estimates, but the fourth quarter guidance of $1.84 per share fell below analyst forecasts of $1.94 to $1.99 per share. Soundhound AI – After Soundhound AI recorded four-quarter revenue of $34.5 million, voice artificial intelligence inventory rose 1%, beating the $33.7 million predicted by analysts voted by FactSet. The company also raised its annual revenue guidance from $155 million to $155 million to $175 million from $157 million to $177 million. Crypto Stocks – After Cryptocurrency retreated by around 3%, stocks linked to Bitcoin prices fell after surpassing the $80,000 level. Coinbase and Miner Mara Holdings shares each fell nearly 3%, while MicroStrategy fell more than 2%. Logitech International – Computer product inventory has dropped by more than 3% after a downgrade from Bank of America’s neutral to a performance decline. The investment company said Logitech’s growth could struggle to meet expectations in some product segments as tariffs are proposed from the US. Walgreens – Stocks in the drugstore chain fell about 3% after Deutsche Bank downgraded its shares to sell the stock. The Wall Street company said it saw “an extraordinarily high degree of uncertainty” about take private transactions from Sycamore Partners. – Reported by CNBC’s Jesse Pound, Yun Li, Sarah Min, Lisa Kailai Han, Pia Singh and Michelle Fox.
