Stocks making the biggest moves premarket: Oracle, GameStop, Novo Nordisk, Synopsys and more
Check out the companies making headlines before the bell: Oracle — Shares surged 32% after Oracle reported that multicloud database revenue from Amazon, Google and Microsoft grew at the rate of 1,529% in its last quarter. That helped investors look past fiscal first-quarter earnings and revenue from the company that came in weaker than expectations. GameStop — The meme stock climbed more than 10% after GameStop reported second-quarter earnings came in at 25 cents per share, excluding items, on revenue of $972.2 million. Its bitcoin holdings were valued at $528.6 million at the close of the quarter. Novo Nordisk — U.S.-listed shares of the Danish pharmaceutical giant moved 1% higher following the company’s announcement it was slashing about 9,000 jobs — or roughly 11.5% of its workforce. Novo Nordisk, which makes weight-loss drug Wegovy, said it was a move to simplify the organization and reallocate resources towards weight-loss and obesity opportunities. Bill Holdings — Shares gained more than 5% after Reuters , citing sources familiar, said activist investor Starboard Value has nominated four directors, including one of its partners, to the board of Bill Holdings. AeroVironment — The defense technology company rose 2.8% after it posted revenue that topped expectations. Fiscal first-quarter revenue of $455 million outpaced Wall Street’s consensus estimate of $440 million. However, earnings of 32 cents per share after adjustments fell short of the estimate of 37 cents per share. For the fiscal year, AeroVironment predicts it will earn between $3.60 and $3.70 per share after adjustments on revenue of $1.9 billion to $2 billion. According to LSEG, analysts anticipated $3.52 per share in earnings and $2 billion in revenue for fiscal 2026. Taiwan Semiconductor Manufacturing — The chipmaker rose more than 2% after it reported August revenue of NT$335.77 billion, a 33.8% increase year over year. Rubrik — The cloud data stock fell 2.8% even after the company posted a second-quarter adjusted loss of 3 cents per share, narrower than the loss of 4 cents per share penciled in by analysts polled by LSEG. Rubrik’s $310 million in revenue also beat the estimated $282 million. Synopsys — Shares tumbled 23% after the semiconductor tool supplier posted disappointing fiscal third-quarter results. Synopsys earned $3.39 per share on revenue of $1.74 billion. Analysts polled by LSEG had expected earnings of $3.74 per share on $1.77 billion in revenue. — CNBC’s Michelle Fox contributed reporting
