U.S. stock futures were in the red early Wednesday ahead of a key vote on the U.S. debt ceiling in the House of Representatives. But AI remained in focus—playing a role in some of the day’s early movers.
These stocks were moving early Wednesday:
Hewlett Packard Enterprise
(ticker: HPE) stock fell 7% ahead of the open after the company missed revenue estimates in its fiscal second-quarter earnings and reduced its full-year sales guidance. The enterprise hardware, storage, and networking-infrastructure provider reported “strong demand” for its AI offering, but that failed to inspire investors.
HP Inc.
(HPQ) stock was also 5% lower after the PC maker posted its lowest quarterly revenue since the start of the Covid-19 pandemic. The company said it sees market conditions improving in the second half of the year.
Shares in
Twilio
(TWLO) jumped close to 4% following a report that an activist investor is pushing the software company to shake up its board and consider divestitures. Legion Partners, which has a stake in
Twilio,
has met with the business-communication software provider’s board and executives “several times,” media group The Information reported.
C3.ai
(AI) stock looked set to continue higher Wednesday, after surging 33% Tuesday amid a broader AI rally. The shares were up more than 2% in premarket trading.
Write to Callum Keown at [email protected]
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