Stocks making the biggest moves before the bell: Nvidia, Moderna, Rivian, Etsy and more

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Nvidia, a chip-making titan, saw a 13% rise in stock in premarket trading after its Q4 earnings exceeded expectations. The company delivered $5.16 per share on an adjusted basis alongside a $22.1 billion revenue, surpassing LSEG’s forecast.

Moderna’s shares climbed over 5% as their Q4 revenue surpassed predictions, fueled by surprising profits and consistent vaccine sales.

Lucid, on the other hand, experienced a pullback with a 7% drop in shares following a disappointing Q4 revenue report. Market sentiments were also impacted by a downgrade by Cantor Fitzgerald.

Etsy’s shares dipped by 8.6% in the premarket after mixed Q4 results, where its earnings per share fell short of expectations despite an overall revenue surge.

Rivian’s shares also slumped by 17% following unexpected losses, announced job cuts, and lower-than-expected car production forecasts.

Synopsys enjoyed stock growth of 4.5% after their Q1 earnings exceeded forecasts, while DoorDash stocks surged almost 5% following an upgrade by Morgan Stanley.

Root shares soared by 28% following a lower-than-anticipated Q4 loss. This encouraging result saw Cantor Fitzgerald upgrade the stock.

Remitly Global saw its shares jump by 22.4% despite reporting a loss per share, as it still managed to beat revenue predictions.

Coty shares rose 3% following an upgrade by TD Cowen, due to positive performance in the fragrance sector.

ASML Holding’s semiconductor stock increased by 3.9% after HSBC initiated a buy coverage.

Lastly, Gates Industrial’s stock edged up by 4.8% following a KeyBanc upgrade.