Nordstrom, Kohl's, Chewy rise premarket; PVH, Abercrombie & Fitch fall

Investing.com -- U.S. stock futures edged lower Wednesday, with investors displaying a degree of caution ahead of eagerly-awaited results from chipmaker Nvidia.

Here are some of the biggest premarket U.S. stock movers today Apple (NASDAQ:AAPL ) stock rose 0.1% after Bloomberg reported that the tech giant has cut about 100 jobs in its digital services group amid shifting priorities in the company. Nvidia (NASDAQ:NVDA ) edged 0.2% higher ahead of the release of the latest quarterly results from the semiconductor after the close, with a year-over-year doubling of revenue in the second quarter. Nordstrom (NYSE:JWN ) stock gained 1.4% after the retailer beat earnings expectations in the second quarter, helped by its crucial Anniversary Sale event. Ambarella (NASDAQ:AMBA ) stock jumped 19% after the semiconductor developer unveiled upbeat revenue guidance in the third quarter. PVH (NYSE:PVH ) stock fell 8.6% after the clothing giant, which owns brands like Calvin Klein and Tommy Hilfiger, reported a drop in second-quarter sales. Bath & Body Works (NYSE:BBWI ) stock fell 5% after the retail store chain cut its annual sales forecast, a sign of weaker demand for its pricey products such as fragrances and scented candles in the face of still-high inflation. Abercrombie & Fitch (NYSE:ANF ) stock fell 10% after the clothes retailer’s CEO Fran Horowitz warned of an “increasingly uncertain environment” as macro conditions worsened, even after the company lifted its forecast for annual sales. Kohl’s (NYSE:KSS ) stock rose 4% after the department store raised its annual profit forecast after beating estimates for second-quarter earnings, helped by a tight leash on costs and leaner inventories. Chewy (NYSE:CHWY ) stock rose 2.8% after the online retailer of pet products reported strong second-quarter earnings, exceeding expectations.

Source: Investing.com