Trending tickers: Trump Media, Nvidia, Alphabet and Barrick Gold

Trump Media (DJT)

Shares in Trump Media and Technology Group were up about 1.5% in pre-market trading after falling more than 5% on Monday, after the company reported a net loss in its first full quarter as a public company.

Even though Trump Media is valued at $5bn (£3.9bn), the Truth Social owner revealed it made just $837,000 in revenue last quarter. That marks a 30% drop from the year before. The company lost another $16.4m during its first full quarter as a public company.

Shares bounced back ahead of the market opening as Trump sat down for a two-hour interview with billionaire Elon Musk on X.

The former president returned to the social media platform just hours ahead of the conversation. The last time Trump had posted on his X account was 24 August, 2023.

During the interview, Trump congratulated Musk for his willingness to fire workers demanding better conditions. "You're the greatest cutter," Trump said. "I mean, I look at what you do. You walk in, you just say: 'You want to quit?' They go on strike – I won't mention the name of the company – but they go on strike. And you say: 'That's okay, you're all gone.'"

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The Republican presidential candidate also awkwardly commented that Democrat rival Kamala Harris looked “beautiful” on the new cover of Time magazine and “very much like our great first lady, Melania”.

Nvidia (NVDA)

Shares in Nvidia were in correction territory ahead of the opening bell, about 1% lower after jumping over 4% in Monday’s session.

The company's share price got a boost from news that the graphics processing unit (GPU) frontrunner had signed a new AI training deal with the state of California.

The artificial intelligence (AI) darling's shares took a hit recently amid growing concerns about a broad economic slowdown. The stock also took a dive last week on news of a delay for the company's next-generation AI processor.

However, Bank of America analysts called the stock a top pick and UBS indicated that the Blackwell chip delays may be less significant than initially thought.

UBS analysts said they expect the artificial intelligence chip shipments to be delayed four to six weeks, rather than the three-month delay first reported. The investment bank said such a delay would be "invisible to most, if not all, end customers."

The stock is up about 120% this year, though off highs seen earlier this summer.

Alphabet (GOOG)

Shares in Google’s parent company were basically flat in pre-market trading despite huge announcements expected later this Tuesday, as the company get ready to reveal its latest mobile.

The company is widely expected to introduce its Pixel 9 smartphone range during its Made by Google event on Tuesday evening in California.

The launch is taking place earlier than normal, and will see Google make its announcement before Apple unveils the next iPhone, which is traditionally introduced in September.

Ben Wood, smartphone expert and chief analyst at CCS Insight, told Reuters that Google is trying to get ahead of its rival with new AI tools.

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“It is interesting Google is holding this event in August rather than the usual timing of October. We believe this is an effort to get the jump on Apple’s iPhone event in September, particularly in terms of AI announcements,” he said.

“Apple will likely focus on why the iPhone is ‘the best phone for AI’ and it would be no surprise to see some overlap in the potential use cases of the new Pixel phones and the new iPhone.

“As a result, Google’s earlier announcement could let it announce new AI features first and claim leadership in this area.”

In a video, the company showed a brief look at the Pixel 9 Pro and teased that AI and Gemini will be a big part of the device.

Barrick Gold (GOLD)

Shares in Barrick Gold were in the red ahead of Wall Street’s opening bell after surging 9.1% to $18.99 on Monday after the mining company’s second-quarter earnings beat expectations.

For the second quarter of the year, Barrick reported non-GAAP earnings per share (EPS) of 32 cents, surpassing analyst estimates of 27 cents.

The company said revenues hit $3.16bn (£2.46bn), marking an 11.7% year-over-year increase. Operating cash flow surged by 53% from the previous quarter to $1.16bn, with free cash flow reaching $340m.

Like other gold miners, Barrick has benefited from higher gold prices, which hit a number of record highs this year.

The company reported gold production of 948,000 ounces, surpassing estimates of 905,800 ounces, which helped ease concerns over output.

Barrick also said that it started buying back stock in the quarter as part of the $1bn programme it announced in February.

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