Check out the companies making headlines before the bell. Nvidia — The chipmaker rose 2% after Meta expanded its partnership with Nvidia to use millions of the company’s AI chips, including standalone central processing units, to build data centers. New York Times Company — Shares rose 3% after Warren Buffett’s Berkshire Hathaway disclosed new positions to the New York Times in a new securities filing. Palo Alto Networks — The cybersecurity company’s stock fell 6% after Palo Alto released weak earnings guidance for the current quarter. The company expects fiscal third-quarter adjusted earnings to be between 78 cents and 80 cents per share, while the LSEG consensus was calling for 92 cents per share. Cadence Design Systems — The computational software company’s stock rose 7%. Cadence Design expects full-year adjusted earnings to be in the range of $8.05 to $8.15 per share, compared to the LSEG consensus of $8.05 per share. The company also said its 2025 year-end balance was a record $7.8 billion, adding that it expected $3.8 billion in revenue over the next 12 months from its remaining performance obligations. Caesars Entertainment — Shares rose 6% after the casino operator posted a winning fourth-quarter earnings report. Revenue for the three-month period was $2.92 billion, beating LSEG’s consensus estimate of $2.89 billion. Caesars Digital’s adjusted EBITDA for the period was $85 million, compared with $20 million in the prior year period. Axcelis Technologies — Shares fell 12% after the semiconductor solutions company reported weaker-than-expected first-quarter results. The company expects first-quarter earnings to be 71 cents per share, excluding certain items. That’s well below analysts’ consensus estimate for earnings of $1.01 a share, according to FactSet data. The company also expected revenue of $195 million, below the Street’s consensus estimate of $207.2 million. Palantir — The software company rose 3% after Mizuho lifted its stock price to outperform. Analysts said the recent valuation reset improves the company’s risk-reward settings, and commercial growth and government demand are likely to lead to sustainable growth and higher profits. Analog Devices — Chip stocks rose 9% after Analog Devices posted revenue of $3.16 billion and adjusted earnings per share of $2.46. This beat FactSet consensus estimates for earnings of $2.31 per share and revenue of $3.12 billion. Global Payments – Shares rose 8% after the payments technology company announced better-than-expected guidance for the current fiscal year. The company said it expects per-share earnings to reach $13.80 to $14 by the end of 2026, beating the FactSet consensus of $13.58 per share. The company also said it expects adjusted net revenue growth to be about 5% by the end of this year, slightly higher than the 4.7% expected by analysts. Global Payments also posted higher profits and sales in the fourth quarter. Devon Energy — Devon Energy rose 1% after the oil and gas producer reported slightly higher profits. The company earned 82 cents per share on an adjusted basis in the fourth quarter and reported revenue of $4.12 billion. Analysts polled by FactSet had expected earnings of 80 cents per share and revenue of $3.87 billion. —CNBC’s Sara Min contributed reporting.
