Select Premarket Movers
Upside:
-BLZE +16% (signs $335M multi-exabyte agreement with CoreWeave)
-ZETA +8.5% (partners with Palantir to rearchitect Zeta Data Cloud on Foundry)
-IBM +5.6% (President Trump signs the National Quantum Initiative Act executive order; JPMorgan Chase and Co Raised IBM to Overweight from Neutral, price target: $291 from $270)
-INFQ +5.5% (President Trump signs the National Quantum Initiative Act executive order)
-CAR +4.2% (entered a $650M settlement with Pentwater Capital (subject to court approval) for recovery of short-swing profits)
-CDW +3.5% (Morgan Stanley Raised CDW to Overweight from Equal Weight, price target: $170 from $142)
-QBTS +2.7% (President Trump signs the National Quantum Initiative Act executive order)
Downside:
-PRIM -34% (slashes guidance; COO to depart)
-AMC -25% (priced 95.3M share offering)
-MU -8.1% (chip stock/tech broad weakness)
-CRWV -7.5% (chip stock/tech broad weakness)
-AMD -6.8% (chip stock/tech broad weakness)
-INSP -4.7% (Evercore ISI Institutional Equities Cuts INSP to In Line from Outperform, price target: $40 from $55)
-NVDA -2.7% (chip stock/tech broad weakness)
-UUUU -2.5% (acquires VAC in $1.9B deal to build mine-to-magnet rare earth platform)
-NKE -1.9% (Evercore ISI Institutional Equities Cuts NKE to In Line from Outperform, price target: $46 from $57)
Position: None
