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Stocks making the biggest premarket moves: Micron, Apple, Astera Labs, Broadcom and more

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These are some of the stocks posting the largest moves in the premarket.

Check out the companies making the biggest moves in premarket trading: Micron — Shares popped 16.5% after the semiconductor manufacturer's fiscal second-quarter earnings and revenue beat analyst estimates. Micron posted earnings of 42 cents per share on $5.82 billion of revenue, higher than the loss of 25 cents per share on $5.35 billion of revenue analysts polled by LSEG had expected. Micron also guided for higher-than expected third-quarter earnings and revenue.

Nvidia — Shares jumped 2% after TD Cowen reiterated an outperform rating on the dominant maker of AI chips and increased its price target to $1,100 from $900. The bank said Nvidia's introduction of its latest Blackwell platform during its GTC conference reinforces the company's "compute leadership across the stack." Chewy — Shares fell 2% after the pet products retailer issued soft guidance for the current quarter. Chewy expect first quarter revenue between $2.84 billion to $2.

Source: News Formal (newsformal.com)

 

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