Best Buy and Nvidia Rise Premarket; Snowflake Falls By Investing.com – Investing.com

Best Buy and Nvidia Rise Premarket; Snowflake Falls By Investing.com – Investing.com

© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Thursday, May 27th. Please refresh for updates.

Snowflake (NYSE:) stock fell 3.7% after the data-analytics software company reported an increase in its net loss in the first quarter to $203.2 million from $93.6 million a year ago, and barely met expectations for product revenue, the company's main source of total revenue.

Nvidia (NASDAQ:) stock rose 0.5% after the chip maker reported better-than-expected earnings and sales for the first quarter even as it expressed uncertainty over the impact of the volatile cryptocurrency-mining market.

Best Buy (NYSE:) stock rose 2.4% after the retailer's sales grew 36% in the fiscal first quarter, as shoppers' stimulus-fueled spending spree included consumer electronics.

Ford (NYSE:) stock rises 2.7% after RBC upgraded the auto giant to ‘outperform' from ‘sector perform', saying the company's new electric car strategy should sees a resurgence in investors' interest.

Williams-Sonoma (NYSE:) stock rose 3.2% after the home furnishings retailer reported better-than-expected first-quarter earnings and lifted its full year outlook, helped by the working from home situation.

AMC Entertainment (NYSE:) stock fell 3.9%, handing back some of Wednesday's near 20% gain as speculative trading