By WSJ Staff
Super Micro Computer $(SMCI)$: Shares in the AI server maker jumped 6% ahead of the opening bell after the company significantly lifted its fiscal 2026 sales outlook.
Lyft $(LYFT)$: The ride-sharing company's bookings forecast for this quarter disappointed investors, knocking Lyft shares in premarket trading. Lyft said users were taking fewer and shorter rides. Shares in rival Uber $(UBER)$, which reported last week, also fell off-hours.
Alibaba (HK:9988, BABA): Hong Kong-listed shares surged 8.5% in Hong Kong, following reports that the e-commerce company has made progress in its partnership with Apple $(AAPL)$ to roll out AI features in China.
BYD (HK:1211): Shares in China's biggest automaker climbed 7% in Hong Kong. BYD introduced a new AI-powered system for cheaper cars Monday, widening its lead over Tesla $(TSLA)$. Deutsche Bank analysts lifted the target price for BYD stock Wednesday morning.
CVS Health $(CVS)$ and Kraft Heinz $(KHC)$ are due to release results before markets open, while earnings from Robinhood (HOOD), Cisco Systems $(CSCO)$ and Reddit (RDDT) are expected after the close.
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(END) Dow Jones Newswires
February 12, 2025 05:16 ET (10:16 GMT)
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