June 2025 Stock Market Preview: Nvidia’s $120 Split, Jobs Data & GameStop’s Q1 Shock

Market insights for June 7, 2024

Today marks a critical day for investors as they await the May employment report, while major market movers like Nvidia, GameStop, Samsara, and Docusign are in focus. Here’s a comprehensive look at what’s shaping investor sentiment right now.

1. May Jobs Report Signals Moderate Employment Growth

At 8:30 a.m. ET, the Bureau of Labor Statistics will release the May jobs data. Expectations point to a steady rise in employment, with economists forecasting about 190,000 new jobs added—an uptick from April’s 175,000. The unemployment rate is predicted to hold steady at 3.9%, near historic lows. Strong job growth could delay Federal Reserve interest rate cuts, as policymakers remain cautious until inflation pressures ease.

2. Nvidia’s 10-for-1 Stock Split Set to Take Effect After Market Close

Nvidia (NVDA) will execute a 10-for-1 stock split after Friday’s market close, making its shares more accessible by reducing the price per share from over $1,200. Trading on a split-adjusted basis will begin Monday. Despite a slight premarket dip following reports of a federal probe into AI industry dominance, Nvidia’s market capitalization recently surpassed $3 trillion, joining tech giants Microsoft and Apple.

3. GameStop Shares Plummet Following Unexpected Q1 Earnings and Share Offering

GameStop (GME) shares dropped 17% in volatile premarket trading after reporting first-quarter sales of $882 million, down from $1.24 billion last year, though net losses narrowed. Additionally, the company filed to sell up to 75 million more shares, adding to a recent $900 million offering. This comes ahead of a highly anticipated livestream by meme-stock influencer Keith Gill, known for his influential role in GameStop’s 2021 rally.

4. Samsara’s Stock Falls Despite Earnings Beat and Raised Outlook

Samsara (IOT) shares declined 7% before market open, even after reporting better-than-expected results and raising sales guidance. The fleet-management software provider forecasts net sales of $288 million to $290 million for the current quarter, a robust 31%-32% increase year-over-year. Adjusted profit is projected between break-even and 1 cent per share, slightly below some analyst estimates.

5. Docusign Shares Decline Despite Strong Q1 Performance and Raised Revenue Forecast

Docusign (DOCU) saw a 6% premarket drop despite exceeding revenue and earnings expectations for Q1 fiscal 2025. The company posted $709.6 million in revenue, a 7% increase year-over-year, and adjusted EPS of $0.82. Docusign also raised its full-year revenue forecast to $2.92-$2.932 billion and expanded its stock buyback program by up to $1 billion.

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