Stocks with the largest premarket changes: Advanced Micro Devices, Clearwater Analytics, On Holding and others

Market Movements Before the Bell

Here’s a look at some companies making headlines recently. First up, Advanced Micro Devices experienced nearly a 6% increase. This came after the company shared promising long-term growth projections during its Investor Day, forecasting a 60% rise in data center revenue over the next three to five years.

BILL Holdings saw its stock jump 12% following a Bloomberg report on Wednesday suggesting the financial services firm might consider selling itself to a major rival or a private equity firm. Clearwater Analytics also had a good day, with shares rising 9% after similar reports hinted at a potential sale for the cloud-native platform.

Over in Switzerland, the athletic shoe maker Affirmed experienced an 8% boost, raising its forecast for the third consecutive quarter while exceeding revenue and profit expectations. Notably, the company mentioned it wouldn’t need to rely on Black Friday discounts to drive sales.

BigBear.AI, a defense-focused AI stock, gained 5%, extending its Tuesday gains after announcing a new earnings report that included a deal to acquire Ask Sage, an AI platform.

In eye care, Alcon reported adjusted earnings of 79 cents per share, surpassing analysts’ expectations of 76 cents, which pushed its U.S.-listed stock up by 6%. Although its quarterly sales fell short of consensus expectations, Alcon still reaffirmed its guidance for revenue and profit.

Meanwhile, Sony’s shares increased by 4%. The games and software giant indicated that anticipated tariff costs would lead to roughly $324 million in operating profit for the fiscal year ending in March, which is nearly 30% less than earlier projections.

Nvidia saw an uptick of more than 1% as investors picked up shares after a recent selloff. The company found itself back in the black thanks to solid financial results reported by its supplier, Foxconn.

Oklo, a nuclear technology firm, rose 4% after announcing an expanded partnership with the Idaho National Laboratory. On the other hand, Circle Internet experienced a 4% decline, despite reporting earnings of 64 cents per share on revenue of $740 million for the third quarter. This was ahead of analysts’ predictions of 22 cents on revenue of $707 million. It’s worth noting that Circle now holds a 29% share of the stablecoin market, although its stock price has plummeted by 40% in the last three months.