NVDA, LEVI, EVGO and more

In premarket trading, Wolfspeed’s stock fell 5% after a downgrade by Mizuho, citing a projected drop in silicon carbide pricing and lower EV production expectations. Nvidia’s shares rose over 1% following CEO Jensen Huang’s comments on strong demand for its next-gen AI graphics processor, Blackwell. Hims & Hers Health declined 9% after the FDA resolved a shortage of GLP-1 treatments, impacting its weight-loss drug offerings. EVgo’s stock surged 9% after being upgraded by JPMorgan, while Levi Strauss shares dropped 12% on trimmed revenue guidance and potential sale of Dockers. Constellation Brands saw a slight increase in stock price on better-than-expected earnings, while Stellantis fell 3% after a Barclays downgrade due to inventory issues and market share erosion.

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