A look at the companies making the biggest moves in pre-market trading: Micron — Shares jumped 16.5% after the semiconductor maker’s fiscal second-quarter earnings and revenue beat analysts’ estimates. Micron reported earnings of 42 cents per share on revenue of $5.82 billion, higher than analysts polled by LSEG expected, and a loss of 25 cents per share on revenue of $5.35 billion. Micron also forecast higher-than-expected earnings. revenues and profits in the third quarter. Apple — Shares of the iPhone maker fell 1% after Bloomberg reported that the Justice Department could file an antitrust lawsuit against Apple as soon as Thursday. Astera Labs (ALAB) — Shares rose nearly 2% a day after debuting on the Nasdaq. Shares of Astera, which sells chips to connect data centers to cloud infrastructure and artificial intelligence companies, surged 72% on their first day of trading. Li Auto’s U.S.-listed shares fell 9% after the Chinese electric vehicle maker said it expected first-quarter deliveries of 77,000 vehicles mid-quarter, down from a previous forecast of 101,500 mid-year. Broadcom — Shares rose nearly 3% in pre-open trading after TD Cowen upgraded the chipmaker to outperform early Thursday and analyst Matthew Ramsay highlighted further upside from its artificial intelligence business. Revolve Group — Shares of the fashion retailer jumped nearly 5% after TD Cowen boosted its earnings to beat the market. The firm said it expects Revolve to see a return to growth after a year of discounting and widespread price easing. Nvidia — Shares jumped 2% after TD Cowen reiterated an outperform rating on the dominant artificial intelligence chip maker and raised its price target to $1,100 from $900. The bank said Nvidia’s unveiling of its latest Blackwell platform during the GTC solidifies the company’s “computing leadership across the stack.” Chewy — Shares fell 2% after the pet supplies retailer issued soft guidance for the current quarter. Chewy expects first-quarter revenue to be between $2.84 billion and $2.86 billion, compared with the $2.89 billion expected by analysts, according to LSEG. Fourth-quarter earnings and revenue exceeded estimates. Five Below — Shares of the discount retailer fell 13% in one day after it reported a drop in fourth-quarter earnings and revenue. Five Below also issued summary revenue and earnings guidance for both the current quarter and the full year. Speculation – Shares jumped nearly 12% on the day after the fashion designer reported adjusted earnings of $2.01 per share, beating the $1.56 forecast expected by analysts polled by LSEG. Revenue was $891 million, compared with the consensus estimate of $856 million. Darden Restaurants — Shares fell about 4% after the owner of the Olive Garden and LongHorn Steakhouse chains’ latest earnings fell short of analysts’ estimates. Darden Restaurants reported fiscal third-quarter revenue of $2.97 billion, below the $3.02 billion expected by analysts polled by FactSet. Adjusted earnings per share of $2.62 were in line with consensus estimates. In addition, Darden also authorized a new $1 billion share repurchase program. — CNBC’s Lisa Khan, Sarah Min, Pia Singh and Brian Evans contributed reporting.
