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.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
February 12, 2025 05:16 ET (10:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.