Dell, Zscaler, ChargePoint fall premarket; Tesla, Hewlett Packard rise

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Dell, Zscaler, ChargePoint fall premarket; Tesla, Hewlett Packard rise
Credit: © Reuters.

By Peter Nurse -- Stocks in focus in premarket trade on Friday, March 3rd. Please refresh for updates.

  • Tesla (NASDAQ: TSLA ) stock rose 1.8% after data released Friday showed that the electric car manufacturer sold 74,402 China-made electric vehicles in February, up 12.6% from January, and 31.65% higher from a year earlier.

  • Dell Technologies (NYSE: DELL ) stock fell 3.7% after the computer hardware maker offered up a soft FY24 outlook, overshadowing positive fourth quarter numbers and a hiked dividend.

  • Costco (NASDAQ: COST ) stock fell 2.5% after the big box retailer posted disappointing second quarter revenue as consumers are limiting their spending on discretionary items because of the continued high inflation.

  • Zscaler (NASDAQ: ZS ) stock fell 12% after the cloud security computer announced it planned to lay off around 3% of its workforce due to the difficult macroeconomic situation.

  • ChargePoint (NYSE: CHPT ) stock fell 11.6% after the electric vehicle infrastructure maker reported a wider-than-expected quarterly loss, while sales also disappointed.

  • Marvell (NASDAQ: MRVL ) stock fell 10.4% after the semiconductor company posted disappointing guidance for the fiscal first quarter, citing inventory corrections.

  • Hewlett Packard Enterprise (NYSE: HPE ) stock rose 2.8% after the tech company raised its annual outlook after reporting fiscal first quarter revenue that topped estimates.

  • Procter & Gamble (NYSE: PG ) stock rose 1% after JPMorgan upgraded its stance on the consumer goods company to 'overweight' from 'neutral', saying the company can generate superior earnings during an economic downturn.

  • (NYSE: AI ) stock rose 16% after the provider of artificial intelligence software posted better-than-expected quarterly results , with CEO Thomas Siebel seeing a "dramatic change" in sentiment.

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