Nvidia, Synopsis rise; Live Nation, V.F. Corp. fall, Thursday, 5/23/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday:
Nvidia Corp., up $101.13 to $1,050.63.
The company’s revenue more than tripled in the latest quarter as demand for its chips, which power AI applications, surged again.
Live Nation Entertainment Inc., down $6.70 to $94.71.
The Justice Department sued the parent company of Ticketmaster, saying it runs an illegal monopoly over live events.
VF Corp., down 43 cents to $11.91.
The parent company of The North Face, Vans, and Timberland reported a loss and weaker revenue than analysts expected.
News Corp., up 22 cents to $26.17.
The owner of The Wall Street Journal, New York Post and other media announced a licensing deal with OpenAI, the parent company of ChatGPT.
Prologis Inc., down $2.04 to $107.18.
Real estate companies fell broadly as rising Treasury yields made high-yielding stocks less attractive to investors seeking income.
Synopsis Inc., up $28.69 to $601.82.
The maker of electronic design software’s earnings beat analysts’ estimates and it issued a stronger-than-expected forecast.
LiveRamp Holdings Inc., up $2.90 to $35.24.
The data collaboration company’s results were far ahead of estimates and it issued a stronger-than-expected forecast.
e.l.f. Beauty Inc., up $32.73 to $188.36.
The cosmetics brand reported results that easily surpassed analysts’ estimates.