e.l.f. Beauty shares jumped 9% in premarket trading as the company reported better-than-expected fiscal fourth-quarter results but set full-year guidance below Wall Street’s expectations and swung to a loss for the quarter on an unadjusted basis due to foreign exchange fluctuations.
NEBIUS stock surged 6.87% in pre-market trading. The rally is attributed to the company's announcement of a partnership with Bloom Energy to deploy Bloom's fuel cell technology to power Nebius's expanding AI infrastructure.
The agreement includes a master fuel cell capacity deal with potential aggregate payments of up to $2.6 billion over the term, targeting approximately 328 megawatts of installed capacity expected to come online this year.
Space stocks jumped in premarket trading. VCX up over 5%; DXYZ up over 3%; Virgin Galactic, KULR up around 2%.
SpaceX took the wraps off its IPO filing on Wednesday, opening the books of the company that has already revolutionized rocket technology, with even larger ambitions to colonize Mars and build AI data centers in space.
The listing is poised to become the first trillion-dollar U.S. market debut and could set the stage for a number of monumental IPOs in coming months, among them potentially technology giants OpenAI and Anthropic.
Chinese ADRs fell in premarket trading. CWEB down over 5%; Alibaba, Kingsoft Cloud, Baidu down around 4%; RLX, GDS down about 3%.
Rocket Lab shares sank over 5% in premarket trading. The company entered an equity distribution agreement enabling up to $3.0 billion of common stock offerings and forward sale structures.
Intuit lowered annual revenue forecast for its tax-filing software, TurboTax, on Wednesday and said it would cut 17% of its full-time workforce, sending its shares down 13% in premarket trading amid lingering fears of AI disruption.
Comments