Check out the companies making headlines before the market opens. CHINA STOCKS – Shares of U.S.-listed Chinese companies fell after China’s state planner Zheng Shanjie failed to announce any new economic stimulus plans. Online audio and video company Bilibili fell more than 13%, while carmaker NIO and Temu parent company Pinduoduo both fell more than 9%. E-commerce companies JD.com and Alibaba also fell nearly 9% and 7% respectively. Wynn Resorts and Las Vegas Sands – Shares of the two casino operators fell more than 4% and 3%, respectively, after China skipped new stimulus measures. The company has resorts in Macau, China. DocuSign – Shares of the electronic signature company rose more than 5% on news that it will replace MDU Resources in the S&P 500 MidCap 400 Index effective Friday. Super Micro Computer – Shares rose 4%, extending Monday’s gains after the computer server maker said it has recently deployed more than 100,000 graphics processing units and its liquid cooling solutions for “some of the largest artificial intelligence factories ever built.” Shares rose nearly 16% as did other cloud service providers. NVIDIA – Shares of Nvidia, a major maker of chips for artificial intelligence applications, rose nearly 2% after Foxconn Chairman Liu Yang said the boom in artificial intelligence “still takes some time.” Liu said demand for Foxconn servers based on Nvidia’s upcoming Blackwell chips, which are expected to ship this quarter, is “much better than we thought.” Wells Fargo – Shares of Wells Fargo rose more than 1% after Wolfe Research upgraded the bank to outperform from peer rating. The company said the bad news surrounding Wells was “fully baked into” the share price. Humana – Shares of Humana rose nearly 1% after Bernstein upgraded the health insurance company to outperform. The investment firm believes Humana “is now an attractive investment” after recent losses. Microsoft — Shares fell slightly after Oppenheimer downgraded Xbox Owner to underperform from outperform. The investment bank said OpenAI is expected to lose up to $3 billion in fiscal 2025 due to slow enterprise adoption of artificial intelligence. Pepsi-Cola – Third-quarter revenue fell short of expectations, and the stock price of the parent company of Gatorade and Frito-Lay fell slightly by less than 1%. PepsiCo reported adjusted earnings of $2.31 per share on revenue of $23.3 billion. Analysts polled by LSEG expected earnings of $2.29 per share and revenue of $23.8 billion. The company also lowered its organic revenue forecast. —CNBC’s Jesse Pond, Brian Evans and Michelle Fox Theobald contributed reporting.
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