Premarket moversMag 7 stocks are mostly higher: (Nvidia (NVDA) +5.1%, Tesla (TSLA) +2%, Alphabet (GOOGL) +1.2%, Meta Pla | Hanami
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.(Historical earnings: For 2026Q2 (period ended 2026-06-30), CoreWeave reported basic and diluted EPS of -2.53, net income of -USD 1.366 billion, and revenue of USD 4.653 billion.
Consensus expectations: For the next upcoming period 2026Q3 (event date 2026-11-10), consensus expects EPS of -1.5535 and revenue of USD 3.541 billion.)