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Premarket

All articles tagged with #premarket

GoPro rockets on stake disclosure; Sono Group eyes Sports One tie-up
markets1 month ago

GoPro rockets on stake disclosure; Sono Group eyes Sports One tie-up

Premarket movers see GoPro surge around 80% after Bloomberg reported YouTube creator Mark Fischbach (Markiplier) disclosed an 8.5% stake, sparking retail buying, while Sono Group jumps about 50–55% on news of a non-binding letter of intent to merge with Sports One to form a public vehicle focused on pro sports franchises and analytics. Other notable moves include Robinhood and Duolingo rising on analyst upgrades and Novartis edging higher on positive trial data, as stock futures pointed to a softer start for major indexes.

Marvell slides after upbeat Q2 as 2028 outlook underwhelms despite Google deal
business1 month ago

Marvell slides after upbeat Q2 as 2028 outlook underwhelms despite Google deal

Marvell Technology beat Q2 revenue with a 37% YoY rise to $2.7B, but its fiscal 2028 outlook of about $18B revenue—roughly 50% growth—fell short of investors’ expectations tied to its Google tie-up, sending shares down about 8% premarket; Google could buy up to 58.97M Marvell shares at $206.58 through 2033, but Marvell provided limited forecast detail, and Goldman Sachs kept a neutral view citing valuation concerns and uncertainty about adding more custom-chip customers amid strong AI data-center demand.

Markets wobble ahead of Jackson Hole as earnings drivers flash across assets
business1 month ago

Markets wobble ahead of Jackson Hole as earnings drivers flash across assets

Global stock markets opened mixed: U.S. futures drifted near flat as Marvell slid on tempered AI-outlook and PayPal dropped on a takeover report, while Gap climbed on Old Navy leadership news. Europe rose and Asia posted a mixed session ahead of Fed Chair Warsh’s Jackson Hole speech, with commodity and crypto moves supporting broader risk sentiment and investors eyeing Chinese equities for policy-driven upside.

SpaceX AI spend sparks 10% premarket plunge as earnings roll in
markets2 months ago

SpaceX AI spend sparks 10% premarket plunge as earnings roll in

SpaceX shares slid about 10% in premarket trading after a surge in AI-related spending clouded a stronger earnings report, with AMD down around 8% and Pinterest falling ~8.5% on slower Q3 revenue growth. Booking Holdings rose about 7% after beating profit estimates, and Uber gained roughly 3% as the UK approved supervised autonomous robotaxi trials with Wayve. The broader market backdrop was mixed, with Europe and Asia trading higher while futures pointed to mostly flat U.S. sentiment.

SanDisk Dips in Premarket as Earnings Preview Weighs on Memory Stocks
technology2 months ago

SanDisk Dips in Premarket as Earnings Preview Weighs on Memory Stocks

SanDisk shares slipped about 5% in premarket trading as investors cabin ahead of its Aug. 5 earnings report, with memory-chip peers Micron MU, Western Digital WDC and SK hynix SKHY also weaker. Wall Street expects SanDisk to report roughly $33.38 per share on about $8.24 billion in revenue. While the stock remains in a longer-term uptrend, momentum has cooled in the near term, with shares trading below key moving averages; investors will be watching for guidance on demand in a memory market facing competitive pressure.