Nvidia (NVDA)

Nvidia fell 4.3% in premarket action after the company warned it expects a sales hit of as much as $400 million from new US licensing requirements. Those rules will impose restrictions on shipments of its most advanced chips to China. Advanced Micro Devices (AMD) said some of its chips would be impacted by those new requirements, and its stock fell 2.6% in premarket trading.

Ciena (CIEN)

The stock plunged 11.6% in the premarket after the
networking equipment maker missed estimates on the top and bottom lines for its
latest quarter. The shortage of components continues to impact Ciena’s sales
despite strong customer demand.

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Signet Jewelers (SIG)

Signet jumped 4% in the premarket after posting a
better-than-expected quarterly profit, even amid a huge drop in same-store
sales. The company affirmed its previous full-year guidance.

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Hormel Foods (HRL)

Shares of the food producer fell 4.2% in premarket trading
after issuing a mixed batch of quarterly results and forecast. Hormel reported
better-than-expected revenue, but earnings were slightly below the forecasts.
In its full-year outlook, the company expects higher operational costs to
persist.

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Okta (OKTA)

The identity management software company’s stock slumped
16.1% in premarket action despite reporting better-than-expected quarterly
results and improved guidance. The company said it was running into unexpected
integration issues following its acquisition of rival Auth0 last year.

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Campbell Soup (CPB)

Campbell Soup slipped 2.4% in premarket action after
reporting quarterly profit and revenue that matched the Wall Street estimates.
Campbell issued a positive outlook, saying it expects continued elevated demand
for its soup and other food products.

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Lands’ End (LE)

Shares of the apparel retailer lost 8.3% in premarket
trading despite reporting a narrower-than-expected quarterly loss and sales
that exceeded consensus. Lands’ End slashed its full-year outlook as global
supply chain challenges increase expenses.

Pure Storage (PSTG)

Pure Storage surged 5.7% in premarket trading after the
data storage company issued higher quarter earnings amid mixed results from its
competitors.

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Nutanix (NTNX)

Nutanix climbed 16.3% in the premarket as the company beat
analyst estimates for its latest quarter. The cloud computing company also saw
an increase in billings and annual recurring revenue.

Five Below (FIVE)

The discount retailer’s stock added 3.2% in the premarket
despite missing estimates on the top and bottom lines for its latest quarter.
The jump in Five Below’s shares comes after the Chief Financial Officer’s
consumer efforts to save money in the face of high inflation.

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MongoDB (MDB)

Shares of the cloud computing company tumbled 16.8% after
it predicted a wider-than-expected loss for the second half of the year.
MongoDB reported a narrower-than-expected loss in its latest quarter and
revenue beat forecasts.