Check out the companies making headlines in pre-market trading. Nvidia — Shares of the chipmaker fell less than 1% before the open, but the artificial intelligence company and Big Seven leader officially entered correction territory on Tuesday. The stock price is down 10% from its all-time closing high of $950 per share on March 25. Alibaba Group — The Chinese e-commerce stock rose nearly 3% after media reports said co-founder Jack Ma touted the company’s management in a statement. Internal memo to employees. Jack Ma’s optimistic remarks also touched on the potential of artificial intelligence. Albemarle — The chemicals maker’s shares rose about 2% after Bank of America upgraded it to a buy rating and raised its price target on the back of rising lithium prices. GoodRx — The telemedicine stock rose nearly 4% after KeyBanc upgraded the stock to overweight on strong user growth forecasts. Deckers Outdoor — Shares of Deckers Outdoor fell more than 2% after Truist downgraded the footwear stock over concerns about falling demand for core products like Hoka. Delta Air Lines — Shares of Delta Air Lines rose 4% in premarket after the airline reported first-quarter adjusted earnings of 45 cents per share, beating estimates by 9 cents, according to LSEG. Ed Bastian, CEO of Taiwan Semiconductor Manufacturing Co., Ltd., said in an interview with CNBC that before the arrival of the tourist season, the strong momentum of leisure and business travel-strong demand for artificial intelligence-driven chips helped the company’s monthly revenue increase by 34.3% year-on-year. , the stock price rose 2%. March of the year. —CNBC’s Sarah Min and Tanaya Macheel contributed reporting
