Stocks making the biggest moves premarket: Nvidia, GitLab, Sweetgreen, Dollar Tree and more

Here are the movers and shakers from today’s premarket trading:

Nvidia – The AI-focused company saw a 2% decline in shares as news broke of a Justice Department subpoena related to an antitrust investigation.

Dick’s Sporting Goods – Despite better than expected second-quarter results and an uplifted full-year earnings forecast, the retailer’s share price slipped by 1%.

Dollar Tree – The dollar store’s shares dropped a dramatic 11% following a miss on second-quarter revenue targets and a cut in full-year guidance.

Hormel Foods – Shares in the packaged food giant fell by 8% after reported sales didn’t meet expectations and full-year projections were downsized.

Sweetgreen – The salad chain saw a modest 1.8% rise in shares following an upgrade from TD Cowen reflecting the positive impact of newly implemented automated kitchens.

Zscaler – The cloud security firm experienced a near 17% slump in shares after its first-quarter earnings forecast fell short of Wall Street expectations.

GitLab – The software developer’s shares spiked by 11% based on its third-quarter earnings forecast, which surpassed market predictions.

AMD – The chipmaker’s shares bounced back by 2% after a hefty 7.8% slump the previous day due to a broader downturn in the semiconductor sector.

PagerDuty – Shares in this cloud computing entity plunged over 12% post a miss on second-quarter revenues and a reduced forecast for the current quarter.

Nordstrom – The department store’s shares dipped slightly by just over 1%, following news of an offer from a buyer group, including Nordstrom’s founding family, to take the company private.