Nvidia, Synopsys rise; Live Nation, V.F. Corp. fall, Thursday, 5/23/2024

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday:

Nvidia Corp., up $88.49 to $1,037.99.

The company’s revenue more than tripled in the latest quarter as demand for its chips, which power AI applications, surged again.

Live Nation Entertainment Inc., down $7.92 to $93.48.

The Justice Department sued the parent company of Ticketmaster, saying it runs an illegal monopoly over live events.

VF Corp., down 36 cents to $11.97.

The parent company of The North Face, Vans, and Timberland reported a loss and weaker revenue than analysts expected.

News Corp., down 7 cents to $25.88.

The owner of The Wall Street Journal, New York Post and other media announced a licensing deal with OpenAI, the parent company of ChatGPT.

Prologis Inc., down $3.58 to $105.64.

Real estate companies fell broadly as rising Treasury yields made high-yielding stocks less attractive to investors seeking income.

Synopsys Inc., up $13.17 to $586.30.

The maker of electronic design software’s earnings beat analysts’ estimates and it issued a stronger-than-expected forecast.

LiveRamp Holdings Inc., up $1.94 to $34.28.

The data collaboration company’s results were far ahead of estimates and it issued a stronger-than-expected forecast.

e.l.f. Beauty Inc., up $29.14 to $184.77.

The cosmetics brand reported results that easily surpassed analysts’ estimates.

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up