Check out the corporations making headlines earlier than the bell. Nvidia – The synthetic intelligence chip darling dropped greater than 1% after a report by The Financial Times , which cited three folks with information of the matter, stated that China’s web regulator has banned the biggest tech corporations in the nation from shopping for Nvidia’s AI chips. Shares of chipmaker Advanced Micro Devices additionally fell greater than 1% in sympathy following the report. Alibaba – U.S.-listed shares of the Chinese e-commerce large gained 2.3% after Chinese state media reported that the firm gained a significant buyer, China Unicom, for its synthetic intelligence chips. Baidu – The Chinese tech firm surged almost 8%. The transfer comes on the heels of Arete Research Services upgrading Baidu’s American depositary receipts to purchase from promote , citing a constructive outlook for its AI chip and cloud-computing income. Cytokinetics – The inventory rose greater than 1%. On Tuesday, the biopharmaceutical firm introduced plans to supply $650 million in convertible senior notes due in 2031. Workday – Shares of the human sources software program supplier superior greater than 8% after activist investor Elliott Management disclosed a $2 billion stake in the firm. Netflix – The streaming large moved 1.2% greater on the again of an improve to purchase from maintain at Loop Capital. The agency stated Netflix has gained the streaming wars with its robust content material and has greater longer-term margin assumptions as its content material generates extra income. Zillow Group – The inventory climbed almost 3% after Bernstein upgraded it to outperform from market carry out. The agency stated it has been “warming up” to its basic story and cited the firm’s current execution on income progress as an element. Tesla – Shares of the electrical automobile maker fell greater than 1%, reversing course from the rise it noticed in the earlier buying and selling day. Tuesday’s transfer greater marked the inventory’s sixth straight day of features. General Mills – The meals firm fell 3% after General Mills reported lackluster fiscal first-quarter outcomes. Earnings got here in above expectations however natural gross sales progress was about in keeping with expectations. — CNBC’s Sarah Min and Michelle Fox Theobald contributed reporting.