Check out the companies with the biggest moves in pre-market trading: Micron — Shares soared 16.5% after the semiconductor maker’s second-quarter profit and sales beat analyst estimates. Micron posted a profit of 42 cents per share on sales of $5.82 billion, compared with a loss of 25 cents per share on sales of $5.35 billion compared to analysts surveyed by LSEG. exceeded. Micron also said it expects third-quarter profits and sales to beat expectations. Apple — The iPhone maker fell 1% after a Bloomberg report said the Justice Department could file an antitrust lawsuit against Apple as early as Thursday. Astera Lab (ALAB) — The day after listing on the Nasdaq, the stock rose nearly 2%. Astera, which sells data center connectivity chips to cloud and artificial intelligence infrastructure companies, soared 72% in its first day of trading. Li Automobile — The Chinese electric vehicle maker announced that its first quarter deliveries would be 77,000 units at the midpoint, a downward revision from the previous forecast of 101,500 units at the midpoint. , U.S.-listed stocks fell 9%. Broadcom — TD Cowen upgrades the company to outperform early Thursday, as analyst Matthew Ramsey highlights the potential for further upside from the artificial intelligence business. , before the opening bell the stock rose nearly 3% of his. Revolve Group — The fashion retailer surged nearly 5% after outperforming the market following an upgrade from TD Cowen. The company said it expects Revolve to return to growth after a year of price cuts and widespread weakness. Nvidia — Stocks rise 2% as TD Cowen reiterates his Outperform rating on the leading maker of AI his chips and raises his price target from $900 to his $1,100 Did. The bank said Nvidia’s introduction of its latest Blackwell platform at the GTC conference strengthens the company’s “computing leadership across the stack.” Chewy — Shares fell 2% after the pet products retailer issued a weak outlook for the current quarter. Chewy expects first-quarter sales to be between $2.84 billion and $2.86 billion, compared with analysts’ expectations of $2.89 billion, according to LSEG. Fourth quarter profits and sales exceeded expectations. Five Below — The discount retailer fell 13% a day after reporting fourth-quarter profit and revenue misses. Five Below also issued light guidance for sales and bottom line revenue for both the current quarter and the full year. Speculation — Shares soared nearly 12% after the apparel designer announced adjusted earnings of $2.01 per share, beating the $1.56 expected by analysts surveyed by LSEG. Sales came in at $891 million, compared to the consensus estimate of $856 million. Darden Restaurants — Shares fell about 4% after the latest revenue from the owner of the Olive Garden and Longhorn steakhouse chains fell short of analysts’ expectations. Darden Restaurants reported fiscal third-quarter sales of $2.97 billion, below the $3.02 billion expected by analysts surveyed by FactSet. Adjusted earnings per share were $2.62, in line with consensus estimates. Separately, Darden also approved a new $1 billion stock repurchase program. —CNBC’s Lisa Han, Sarah Ming, Pia Singh and Brian Evans contributed reporting.
CHOOSE LANGUAGE
SELECT LANGUAGE BELOW
