Pre-Bell Movers | SNAP Grows by 16.4%; Here Are 20 Stocks Moving Premarket
Advanced Micro Devices, Inc. AMD | 203.43 207.00 | +3.77% +1.75% Pre |
Broadcom Limited AVGO | 309.51 314.03 | +5.49% +1.46% Pre |
Micron Technology, Inc. MU | 337.84 347.21 | +4.98% +2.77% Pre |
Oracle Corporation ORCL | 147.11 149.80 | +5.99% +1.83% Pre |
QUALCOMM Incorporated QCOM | 128.78 128.78 | +1.35% 0.00% Pre |
US Stock futures showed a slight dip on Wednesday evening as investors eased concerns over high AI sector valuations, buoyed by a US Supreme Court hearing on US President Trump's tariffs.
As of 04:13:33 on Nov 06 (ET), compare to the prices at the end of the previous trading day, including any holiday-shortened sessions, the blue-chip Dow Jones Futures contract by 58.0 points or 0.12% to 47,378, the broad-based S&P 500 Futures lose slight momentum by 4.25 points or 0.06% to 6,821, the tech-heavy Nasdaq Futures ebb by 27.75 points or 0.11% to 25,718. (Data source: Wind Quant)
Expectations grew that the Supreme Court may rule against Trump's trade policy after justices expressed skepticism about the legality of tariffs during a Wednesday hearing. Such a ruling could lead to a rollback of tariffs, potentially boosting stocks.
ADP data showed US businesses added 42,000 jobs in October, exceeding expectations.
AI-linked equities rebounded from earlier valuation concerns, providing further support. Advanced Micro Devices, Inc.(AMD) surged over 2% after strong Q3 results, lifting Broadcom Inc.(AVGO) and Micron Technology, Inc.(MU) by 2% and 9%, respectively. Oracle Corporation(ORCL) recouped some losses, aiding the market's rebound.
Qualcomm Incorporated(QCOM) reported stronger-than-expected revenue and profits, while Snap Inc.(SNAP) surged 25% after announcing a US$500 million stock repurchase and a partnership with Perplexity AI. Apple plans to use Google's 1.2 trillion-parameter AI model to update Siri.
Key earnings to watch on Thursday include Expedia Group, Inc.(EXPE) and Airbnb, Inc.(ABNB) in the travel sector, and Vistra Corp.(VST) in the AI infrastructure space. Internationally, three conservative Supreme Court justices questioned the legitimacy of Trump's global tariffs, potentially forcing the refund of over US$100 billion in tariffs.
Snap(SNAP.US) shares rose significantly in pre-market trading following the release of its Q3 earnings report. The company exceeded Wall Street expectations with US$1.5 billion in revenue and announced a US$500 million share buyback program. Additionally, Snap disclosed a partnership with Perplexity AI to integrate AI-powered conversational search into Snapchat by early 2026. Snap share grows by 16.4% to US$8.5 in the pre-market trading session.
Additionally, Baiya International Group(BIYA.US) gains 89.6%, topping the premarket ranking.
Here are some other stocks moving in pre-market trading as of 12:24:02, Nov. 06 (Thursday) Riyadh Time.
Gainers
Change | Price(US$) | Ticker (🌙 means "Shariah Compliant") | Additional Information |
89.6% | 0.52 | 🌙 Baiya International Group(BIYA.US) | - |
41.1% | 0.18 | 🌙 MingZhu Logistics Holdings Limited(YGMZ.US) | - |
37.8% | 36.0 | 🌙 Forge Global Holdings, Inc. Common Stock(FRGE.US) | Due to potential acquisition by Charles Schwab Corp. |
34.9% | 1.56 | Alto Group Holdings, Inc.(ALTO.US) | Exceeding Q3 earnings and revenue estimates. |
32.6% | 13.49 | 🌙 LegalZoom.com, Inc(LZ.US) | Raised full-year revenue guidance drives pre-market rise. |
20.9% | 17.78 | 🌙 SkyWater Technology, Inc.(SKYT.US) | Beat Q3 estimates and issued strong Q4 guidance. |
19.0% | 9.6 | Fastly, Inc.(FSLY.US) | Earnings beat and raised sales guidance. |
18.1% | 16.0 | Aimei Health Technology Co., Ltd(AFJK.US) | Stock advanced vastly 22.1% on last trading day |
16.4% | 8.5 | Snap(SNAP.US) | Due to strong earnings and $500M buyback plan. |
15.3% | 1.28 | Heron Therapeutics Inc(HRTX.US) | - |
Losers
Change | Price(US$) | Ticker (🌙 means "Shariah Compliant") | Additional Information |
-24.5% | 89.0 | 🌙 e.l.f. Beauty, Inc.(ELF.US) | Due to FY26 guidance below estimates and profit erosion concerns. |
-22.4% | 6.32 | 🌙 ACV Auctions, Inc. Class A(ACVA.US) | Due to lowered FY2025 sales outlook. |
-21.3% | 204.51 | 🌙 Duolingo, Inc.(DUOL.US) | Due to weaker-than-expected Q4 guidance. |
-20.7% | 21.5 | 🌙 Alpha and Omega Semiconductor Limited(AOSL.US) | Issued Q2 sales guidance below estimates. |
-20.1% | 0.33 | 🌙 Milestone Scientific Inc.(MLSS.US) | - |
-19.2% | 12.9 | 🌙 Porch Group(PRCH.US) | Missed Q3 earnings estimates. |
-17.3% | 0.43 | Primega Group Holdings Ltd. Ordinary Shares(ZDAI.US) | - |
-16.3% | 17.31 | Acadia Healthcare Company, Inc.(ACHC.US) | Cut full-year earnings and sales guidance. |
-15.3% | 2.8 | 🌙 The Honest Company, Inc.(HNST.US) | Missed Q3 revenue estimates, lowered FY2025 sales outlook. |
-14.1% | 6.27 | 🌙 Redwire Corporation Common Stock(RDW.US) | Missed Q3 earnings and revenue estimates by significant margins. |
Editor's note: This content was generated by Sahm's in-house AI-enabled SaaS tool and was reviewed by our editing team.
The table above reflects pre-market price changes only and does not constitute recommendations. Stocks, particularly those with smaller market caps, may see heightened volatility. Investors should conduct thorough research and consult advisors before decision-making based on this data.