By George Glover
Stock futures were rising Wednesday after President Donald Trump said the U.S. and Iran has made "Great Progress" in peace talks, putting the S&P 500 and Nasdaq Composite on track for further records.
These stocks were making moves in premarket trading:
Advanced Micro Devices surged 19% after the chip maker's first-quarter earnings and revenue topped analysts' targets and sales for its all-important data-center segment surged 57% from a year ago. AMD also issued excellent guidance for the current quarter as the artificial-intelligence boom carries on driving up demand for its chips.
Intel jumped 7%, having surged 13% the previous session. The stock got another boost after AMD's CEO Lisa Su discussed the rise of central processing units, or CPUs, in artificial-intelligence data centers and said the total addressable market for the products would grow 35% a year to $120 billion by 2030. Intel and AMD dominate the CPU market.
Super Micro Computer rallied 17% after the AI server maker beat Wall Street consensus for its fiscal third-quarter earnings. Shares have declined 77% since hitting a record closing high in March 2024, dragged down by multiple scandals including the U.S. government charging a co-founder and two other individuals regarding a plan to smuggle U.S.-assembled servers to China. Super Micro wasn't named as a defendant in the case and has said it is cooperating with the government while launching its own investigation into the matter.
Arista Networks slumped 8.9% after the networking-equipment maker beat first-quarter financial expectations. Arista's guidance for the current quarter looked a little weak: It projects an adjusted operating margin of 46% to 47%, down from 48.8% a year ago.
Lucid dropped 4.8% after the electric-vehicle maker reported a wider-than-expected loss for the first quarter. Coming into earnings, the stock had fallen 41% this year and 74% over the past 12 months.
Novo Nordisk gained 6.9% after the Danish drug maker raised its full-year profit guidance, citing a surge in sales for its Wegovy weight-loss pill.
Compass surged 31% after the real-estate developer reported a surprise first-quarter profit as revenue surged 99% from a year ago to $2.7 billion thanks to the company's merger with its rival Anywhere.
Axon Enterprise, Apollo Global Management, CVS Health, Kraft Heinz, NRG Energy, SharkNinja, SolarEdge, Uber, Walt Disney, Albemarle, Arm, AppLovin, Blue Owl Technology Finance, CF Industries, Coherent, DoorDash, DoubleVerify, Flutter Entertainment, Fortinet, IonQ, Royal Gold, Sarepta Therapeutics, Sunrun, Snap, Warner Bros. Discovery, Whirlpool, and Zillow are scheduled to report earnings on Wednesday.
Write to George Glover at george.glover@dowjones.com
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(END) Dow Jones Newswires
May 06, 2026 06:04 ET (10:04 GMT)
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