Nvidia, Alibaba and Etsy rise premarket; eBay, Domino's and Lucid fall

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, February 23rd. Please refresh for updates.

• Nvidia (NASDAQ: NVDA) stock rose 10% after the chipmaker reported strong quarterly numbers and forecast a boom ahead in demand for its chips from data centers that it sees using the new generation of Artificial Intelligence.

• Alibaba (NYSE: BABA) ADRs rose 5.8% after the Chinese e-commerce giant reported better-than-expected quarterly revenue, benefiting from the country easing COVID-19 curbs.

• Etsy (NASDAQ: ETSY) stock rose 3.2% after the online crafts marketplace beat revenue expectations as shoppers continued to buy clothes, jewelry, and home goods.

• eBay (NASDAQ: EBAY) stock fell 5.3% after the e-commerce giant warned that demand was set to slump in the first half of this year, after reporting a fall in holiday-quarter earnings due to reduced consumer spending.

• Lucid Group (NASDAQ: LCID) stock fell 13.5% after the electric vehicle maker disappointed with its 2023 production guidance and reported a major drop in orders during the fourth quarter.

• Bumble (NASDAQ: BMBL) stock rose 5.4% after the online dating site forecast annual revenue growth above estimates on optimism over rising paying users on its app.

• Pioneer Natural Resources (NYSE: PXD) stock rose 1.6% after the shale producer posted better-than-expected fourth-quarter earnings on the back of crude prices near multi-year highs.

• Dollar General (NYSE: DG) stock fell 4.1% after the discount retailer lowered its holiday-quarter profit forecast as heavy discounts and higher costs ate into margins.

• Domino’s Pizza (NYSE: DPZ) stock fell 8.2% after the pizza chain missed quarterly U.S. same-store sales estimates, suggesting price hikes were eating into demand for the company's produce.

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