Premarket movers
Mag 7 stocks are mostly higher: (Nvidia (NVDA) +5.1%, Tesla (TSLA) +2%, Alphabet (GOOGL) +1.2%, Meta Platforms (META) +0.8%, Microsoft (MSFT) 0%, Amazon (AMZN) -0.1%, Apple (AAPL) -0.7%)
AI infrastructure stocks are rallying after the CoreWeave report and as reports on Anthropic and OpenAI lifted sentiment across the sector. Applied Digital +9.7%, Oracle +5.4%. Nvidia gains 3.7%, even after being downgraded to neutral at Baird as analysts wait for clarity on possible US government action tied to an upcoming congressional hearing.
Astronics shares (ATRO) slide 13% after the company reported earnings per share of $1.08 for the third quarter.
BrightView shares (BV) fall 18% after it forecast revenue for 2027 that missed the average analyst estimate.
CareDx Inc. (CDNA) shares are up 2.9% after the stock was initiated at overweight by Piper Sandler, which cited the growth potential of the organ transplant services company.
CoreWeave (CRWV) gains 15% in premarket trading after the cloud-computing provider boosts its annual revenue forecast, easing worries about the company’s financing.
Globant shares are down 1.3% after Guggenheim downgraded the IT services company to neutral from buy, citing weaker growth prospects ahead.
Grocery Outlet shares (GO) are down 8% after the discount supermarket chain lowered the high end of its adjusted Ebitda forecast for the full year.
Intermex shares (IMXI) falls 6.4% after Western Union terminated its pack to buy the company.
Mercury Systems (MRCY) rises 3.5% in premarket trading, after the defense company’s results beat expectations, prompting JPMorgan to upgrade the stock.
MP Materials Corp. (MP) shares rise 3.3% in premarket trading as Freedom Capital Markets raised its recommendation on the rare earth company to buy from hold on valuation.
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