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HP stock slumps on cautious outlook, VinFast shares on the move again and other stocks in the spotlight

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HP, Box, VinFast Auto and Ambarella are among the stocks on the move.

VinFast Auto VFS, -43.84%, the Vietnam electric vehicle maker with a small float, rose 10% in premarket trade after skidding 44% on Tuesday.Box Inc.’s BOX, +0.88% stock tumbled 9% after the applications developer reported quarterly results that barely topped analyst revenue and earnings estimates but offered weak guidance.

Shares of HP Inc. HPQ, +0.13% skidded 9% following an earnings report highlighted by a third straight revenue miss and warnings of a challenging economy. HP Chief Executive Enrique Lores warned PC pricing has not “recovered as quickly,” but he said that the availability of AI products in late 2024 should “refresh” consumer and business sales.

Ambarella Inc. shares AMBA, +4.48% dropped 21% after the video-chip maker issued a disappointing forecast.

 

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