Meta Plat🌠forms reached a deal that will open its virtual reality headset to the Chinese market and Trade Desk shares plummeted after weak guidance over impact from the autoworkers’ and actors’ strikes. Here’s what investors need to know today.

1. Meta Reaches Deal to S🎃ell VR Headset in China

Meta Platforms (META) reportedly reached an agreement with Tencent Holdings to sell a new, lower-priced version of its virtual-reality headset in China, opening the country to the social media giant 14 years after a ban. Tencent will begin to sell the headsets in late 2024, though it's not clear whether the deal would require approval from Chinese government officials, who could move to tighten restrictions on video game content. 澳洲幸运5开奖号码历史查询:Shares of Meta traded 0.5% lower in the pre-market.

2. Trade Desk Shares Dive on We𝄹ak Guidance from Impact of Strikes

The Trade Desk (TTD) shares plummeted 24% in the pre-market after the ad-tech company reported fourth-quarter revenue guidance of $580 million, below the $610 million that analysts expected, with the company citing cautiousness with some advertisers due to the recent autoworkers’ and actors’ strikes. Trade Desk third-quarter earnings of $0.33 a share were better than the $0.29 a share that analysts were expecting to see, while its revenue of $493 million beat estimates of $487 million.

3. Chinese Media Reꩲport Indicates Nvidia Develops Chips to Meet U.S. Rules

Chinese media reports indicated that the U.S. chipmaker Nvidia (NVDA) had developed three new high-end chips that it could sell to Chinese companies while staying in compliance with U.S. curbs on chips sales to China. The White House in October 澳洲幸运5开奖号码历史查询:expanded restrictions on chip sꦕales to China that included the H800, a modification of its banned H100 chip, but the report said Nvidia has developed three new chips based on the H100 model. Nvidia shares were down 0.1% in the pre-market.

4. Plug ಞPower Shares Plummet afꩵter Issuing Warnings on Funding

Shares of Plug Power (PLUG) tumbled 34% in pre-market trading after it reported being squeezed by supply issues and inflationary costs, as the company said it will need additional capital to fund its operations. The hydrogen-technology company reported a third-quarter revenue of $199 million, lower than the $220 million that analysts expected, while its quarterly loss of $0.47 a share, compared with a $0.30 a share loss in the same quarter a year ago.

5. Consumer Sentꦓiment Index Expected to Drop, Fed Officials to Speak

At 10 a.m. ET, the 澳洲幸运5开奖号码历史查询:Michigan Consumer Sentiment Index preliminary reading for November is expected to fall to 63.7 from 澳洲幸运5开奖号码历史查询:October’s 63.8 figure. At 7:30 a.m. ET, Dallas Fed President Lorie Logan will speak, Atlanta Fed President Raphael Bostic will deliver remarks at 10 a.m. ET, and San Francisco Fed President Mary Daly talks at 1 p.m. ET.