Dell, Zscaler, ChargePoint fall premarket; Tesla, Hewlett Packard rise

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, March 3rd. Please refresh for updates.

• Tesla (NASDAQ: TSLA) stock rose 1.8% after data released Friday showed that the electric car manufacturer sold 74,402 China-made electric vehicles in February, up 12.6% from January, and 31.65% higher from a year earlier.

• Dell Technologies (NYSE: DELL) stock fell 3.7% after the computer hardware maker offered up a soft FY24 outlook, overshadowing positive fourth quarter numbers and a hiked dividend.

• Costco (NASDAQ: COST) stock fell 2.5% after the big box retailer posted disappointing second quarter revenue as consumers are limiting their spending on discretionary items because of the continued high inflation.

• Zscaler (NASDAQ: ZS) stock fell 12% after the cloud security computer announced it planned to lay off around 3% of its workforce due to the difficult macroeconomic situation.

• ChargePoint (NYSE: CHPT) stock fell 11.6% after the electric vehicle infrastructure maker reported a wider-than-expected quarterly loss, while sales also disappointed.

• Marvell (NASDAQ: MRVL) stock fell 10.4% after the semiconductor company posted disappointing guidance for the fiscal first quarter, citing inventory corrections.

• Hewlett Packard Enterprise (NYSE: HPE) stock rose 2.8% after the tech company raised its annual outlook after reporting fiscal first quarter revenue that topped estimates.

• Procter & Gamble (NYSE: PG) stock rose 1% after JPMorgan upgraded its stance on the consumer goods company to 'overweight' from 'neutral', saying the company can generate superior earnings during an economic downturn.

• C3.ai (NYSE: AI) stock rose 16% after the provider of artificial intelligence software posted better-than-expected quarterly results, with CEO Thomas Siebel seeing a "dramatic change" in sentiment.

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