Nvidia, Synopsys rise; Live Nation, VF Corp. autumn, Thursday 23-05-2024

NEW YORK — Stocks that traded heavily or saw significant price changes on Thursday:

Nvidia Corp., up $88.49 to $1,037.99.

The company's revenue more than tripled last quarter as demand for its chips, which power AI applications, surged again.

Live Nation Entertainment Inc., down $7.92 to $93.48.

The Justice Department has sued Ticketmaster's parent company for having an illegal monopoly on live events.

VF Corp., down 36 cents to $11.97.

The parent company of The North Face, Vans and Timberland reported a loss and weaker sales than analysts expected.

News Corp., down 7 cents to $25.88.

The owner of The Wall Street Journal, New York Post and other media announced a licensing agreement with OpenAI, the parent company of ChatGPT.

Prologis Inc., down $3.58 to $105.64.

Real estate companies fell overall as rising government bond yields made high-yield stocks less attractive to investors looking for income.

Synopsys Inc., up $13.17 to $586.30.

The electronic design software maker's earnings beat analysts' expectations and delivered a stronger-than-expected forecast.

LiveRamp Holdings Inc., up $1.94 to $34.28.

The data collaboration company's results far exceeded expectations and delivered a stronger-than-expected forecast.

elf Beauty Inc., up $29.14 to $184.77.

The cosmetics brand reported results that easily exceeded analyst estimates.

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