Premarket movers:

Mag 7 stocks are all higher: Meta climbs about 2% after shares in the social media giant sold off on Friday. Tesla +1.5%, Alphabet +0.3%, Nvidia +0.8%, Amazon +0.7%, Microsoft +0.4%, Apple unchanged.

Cryptocurrency-linked stocks are rallying as Bitcoin trades above $84,000, near an eight-month high.

Accenture (ACN) gains 4% after Anthropic partnered with the technology consulting company to test the safety of its advanced artificial intelligence models.

Alkermes (ALKS) climbs 8% after announcing positive Phase 1b results for ALKS 7290 in adults With attention-deficit hyperactivity disorder.

Arhaus (ARHS) rises 2% after Jefferies upgraded the furniture company to buy, writing that it has “newfound optimism on the retailer’s strategy to elevate brand awareness” and improve market share.

Candel Therapeutics (CADL) gains 6% after BofA upgraded the biotech company to buy, citing optimism about a prostate cancer treatment.

Ciena (CIEN) rises 5% after Evercore ISI raised the recommendation to outperform, citing the way data centers are boosting demand for optical networking equipment.

Critical Metals (CRML) soars 24% after President Donald Trump said the he reached an agreement with Denmark over Greenland that would give the US “permanent control over security” of the Arctic island. In April, Critical Metals agreed to acquire European Lithium Ltd., giving it full ownership of a rare earth project in Greenland.

Securitize (SECZ) rises 8% after Cantor Fitzgerald initiated coverage with a recommendation of overweight as it sees the tokenization company benefiting from recent Securities and Exchange Commission guidance.

Warner Bros. (WBD) is up 7% and Paramount Skydance (PSKY) is up 6% as the latter is in settlement talks with California officials over its planned acquisition of the former.