1. Nvidia Under DOJ Antitrust InvestigationNvidia (NVDA) shares are down 2% in premarket trading following a report that the U.S. Department of Justice (DOJ) has served the company with a subpoena as part of an antitrust investigation. This follows a 10% drop in Nvidia's stock the previous day.
2. Zscaler Stock Drops on Weak Earnings Outlook
Zscaler (ZS) shares have plunged 16% in premarket trading after the cybersecurity provider issued an earnings outlook that fell short of analysts' expectations, with projected EPS between $2.81 and $2.87 versus the forecasted $3.33.
3. Blackstone to Acquire Australian Data-Center Provider for $16 Billion
Blackstone (BX) has agreed to purchase Australian data-center operator AirTrunk for $16.1 billion, marking its largest deal in the Asia-Pacific region. The acquisition is pending approval from the Australian Foreign Investment Review Board.
4. GitLab Shares Surge on Increased Guidance
GitLab (GTLB) shares have jumped 13% in premarket trading after the company raised its full-year sales and earnings outlook, citing strong second-quarter results and increased demand for its software-development platform.
5. HP Enterprise Expected to Report Strong Growth Due to AI Demand
Hewlett Packard Enterprise (HPE) is expected to announce a significant year-over-year increase in both revenue and profit, driven by strong demand for AI products. Analysts anticipate an 18% profit rise and a 9% revenue boost in the company's upcoming financial report.