US stock futures fell on Friday as traders prepared for jobs data that will be critical in determining the size of a Federal Reserve interest rate cut later this month.
These stocks made moves Friday:
Broadcom, a chip supplier for Apple Inc. and other big tech companies, fell 9.8% in premarket trading after delivering a disappointing sales forecast, hurt by the portion of its business that isn’t tied to artificial intelligence.
Nvidia - Nvidia's stock fell 2.5% in premarket trading as Broadcom's earnings once again undermines investors' confidence in the semiconductor industry. Even worse, Nvidia’s CEO Jensen Huang has sold more than $633 million in Nvidia stock since June.
Tesla - Tesla shares dropped 1.7% in premarket trading. The shares rose nearly 5% on Thursday after the electric automaker stuck to its plans to launch the Full Self-Driving (FSD) advanced driver assistance software in China and Europe pending approval from regulators.
ASML - ASML shares dropped 1.1% in premarket trading. The Dutch government said it would expand export licensing requirements for some ASML tools, effectively retaking oversight over them from the United States and aligning the two countries' policy.
UiPath - UiPath stock was up 10% in premarket trading after earnings. The company reported Thursday second-quarter results that topped Wall Street estimates and the software maker upsized its share buyback program by $500 million.
Faraday Future - Faraday Future shares surged 30% in premarket trading. The company regained compliance with all nasdaq continued listing criteria and obtained $30 million in financing commitments from the Middle East, the United States, and Asia.
Mobileye - Mobileye shares dropped 3.7% in premarket trading. Intel is considering options for its stake in its struggling automated driving systems provider Mobileye as part of a major strategy overhaul, Bloomberg reported.
Docusign - Docusign fell 1.6% in premarket trading despite results that beat on the top and bottom line, after its billings forecast disappointed investors.
Smartsheet - The work management software company rose 3.6% in premarket trading. Adjusted earnings for the fiscal second quarter came in at 44 cents per share, while revenue was $276.4 million. Analysts polled by FactSet anticipated 29 cents per share in earnings and revenue of $274.2 million. Reuters also reported, citing people familiar, that a consortium of private equity firms are in talks to acquire Smartsheet.
Samsara - The software company jumped 3.6% in premarket trading. Samsara’s full-year guidance topped analysts’ expectations, as the company called for adjusted earnings of 16 cents to 18 cents per share on revenue of $1.224 billion to $1.228 billion. Analysts polled by LSEG anticipated 13 cents per share in earnings and revenue of $1.21 billion.
Bowlero - Shares of the bowling alley chain added 14.7% in premarket trading. Bowlero’s fiscal fourth-quarter revenue came in ahead of estimates at $283.9 million, while analysts called for $273.4 million, per FactSet. The upper end of its fiscal 2025 revenue guidance was also slightly ahead of the Street’s estimates, ranging from $1.22 billion to $1.28 billion, while analysts sought $1.24 billion.
Wheeler Real Estate Investment - Wheeler Real Estate Investment Trust soared 200% in premarket trading. Cedar Realty Trust and Wheeler Real Estate Investment Trust announced Fourth Circuit Court affirmed dismissal Of class action lawsuit.
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