Today's Pre-Market Stock Movers: GIS, NVDA, AMD and More

$Pinterest(PINS.US)$ +4.55% (Wells Fargo upgraded the stock to overweight from equal weight. The Wall Street bank said Pinterest is making the strategic move to outsource monetization to third-parties to overcome its attribution and scale challenges, including a partnership with Amazon.)

$Snowflake(SNOW.US)$ +0.47% (The data cloud stock rose in premarket trading coming off the company's investor day on Tuesday, at which it reiterated full-year guidance. Goldman Sachs reiterated its buy rating on the stock following the event, while Morgan Stanley said it would stay overweight.)

$ZoomInfo(ZI.US)$ +5.63% (Needham initiated coverage of ZoomInfo with a buy rating. Needham said in a note to clients that ZoomInfo has “best in class unit economics.” Morgan Stanley also reiterated its overweight rating on ZoomInfo.)

$General Mills(GIS.US)$ -5.44% (Shares dropped following mixed fiscal fourth-quarter results. The Betty Crocker and Cheerios owner beat Wall Street expectations on earnings, reporting $1.12 in adjusted earnings per share against a Refinitiv consensus estimate of $1.07 per share. But General Mills missed on revenue, posting $5.03 billion while analysts forecasted $5.17 billion.)

$NVIDIA(NVDA.US)$ -3.49% $Advanced Micro Devices(AMD.US)$ -3.10% (The Wall Street Journal reported that the Biden administration was looking at possible new restrictions on exporting artificial intelligence chips to China. The $iShares Semiconductor ETF(SOXX.US)$ slipped more than 2%.)