Check out the companies making the biggest moves in premarket trading: Micron — Shares popped 16.5% after the semiconductor manufacturer’s fiscal second-quarter earnings and revenue beat analyst estimates. Micron posted earnings of 42 cents per share on $5.82 billion of revenue, higher than the loss of 25 cents per share on $5.35 billion of revenue analysts polled by LSEG had expected. Micron also guided for higher-than expected third-quarter earnings and revenue. Apple — The iPhone maker slipped 1% after a Bloomberg report that the Justice Department could file an antitrust lawsuit against Apple as early as Thursday. Astera Labs (ALAB) — Shares added nearly 2%, one day after debuting on the Nasdaq . Astera, which sells data center connectivity chips to cloud and artificial-intelligence infrastructure companies, surged 72% on its first day trading. Li Auto — U.S.-listed shares tumbled 9% after the Chinese electric-vehicle maker said it expected first quarter deliveries of 77,000 vehicles at the midpoint, down from a prior outlook of 101,500 at the midpoint. Broadcom — Shares climbed nearly 3% before the opening bell after TD Cowen upgraded the chipmaker to outperform early Thursday, with analyst Matthew Ramsay highlighting further potential upside from the artificial intelligence business. Revolve Group — The fashion retailer jumped nearly 5% after getting an upgrade from TD Cowen to outperform from market per …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making the biggest moves in premarket trading: Micron — Shares popped 16.5% after the semiconductor manufacturer’s fiscal second-quarter earnings and revenue beat analyst estimates. Micron posted earnings of 42 cents per share on $5.82 billion of revenue, higher than the loss of 25 cents per share on $5.35 billion of revenue analysts polled by LSEG had expected. Micron also guided for higher-than expected third-quarter earnings and revenue. Apple — The iPhone maker slipped 1% after a Bloomberg report that the Justice Department could file an antitrust lawsuit against Apple as early as Thursday. Astera Labs (ALAB) — Shares added nearly 2%, one day after debuting on the Nasdaq . Astera, which sells data center connectivity chips to cloud and artificial-intelligence infrastructure companies, surged 72% on its first day trading. Li Auto — U.S.-listed shares tumbled 9% after the Chinese electric-vehicle maker said it expected first quarter deliveries of 77,000 vehicles at the midpoint, down from a prior outlook of 101,500 at the midpoint. Broadcom — Shares climbed nearly 3% before the opening bell after TD Cowen upgraded the chipmaker to outperform early Thursday, with analyst Matthew Ramsay highlighting further potential upside from the artificial intelligence business. Revolve Group — The fashion retailer jumped nearly 5% after getting an upgrade from TD Cowen to outperform from market per …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
