Stocks making the biggest moves premarket: Nvidia, Palantir, Interpublic Group, Reddit, Macy's and more

Check out the companies making headlines in premarket trading. Nvidia — Shares slid 2% after China said a regulatory body launched an investigation into chipmaker. The State Administration for Market Regulation was looking at potential antimonopoly law violations, according to the Chinese government. Advanced Micro Devices — The chipmaker dropped more than 1% after a Bank of America downgrade to neutral from buy.

Macy's — Shares moved 3% higher after activist investor Barington Capital called on the department store chain to change its capital allocation plan and create a real estate unit to maximize the value of its owned assets. It also wants Macy's to reevaluate alternatives for its Bloomingdale's and Bluemercury operations. Dow – Shares popped 4% on news that the chemicals maker plans to sell 40% of its stake in some of its U.S. Gulf Coast infrastructure assets for $2.

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