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

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

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

Stocks that traded heavily or had substantial price changes on Thursday: Nvidia, Synopsis rise; Live Nation, V

ByThe Associated Press

May 23, 2024, 12:45 PM

    NEW YORK -- Stocks that traded heavily or had substantial price changes on Thursday:

    Nvidia Corp., up $101.13 to $1,050.63.

    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 $6.70 to $94.71.

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

    VF Corp., down 43 cents to $11.91.

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

    News Corp., up 22 cents to $26.17.

    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 $2.04 to $107.18.

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

    Synopsis Inc., up $28.69 to $601.82.

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

    LiveRamp Holdings Inc., up $2.90 to $35.24.

    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 $32.73 to $188.36.

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

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