Premarket Winners and Losers: Chip Stocks Rally While Alibaba (BABA) Slides on Weak Earnings
The post Premarket Winners and Losers: Chip Stocks Rally While Alibaba (BABA) Slides on Weak Earnings appeared on BitcoinEthereumNews.com. Quick Overview Semiconductor leaders Micron, Nvidia, and Qualcomm rallied in early trading as their chief executives accompanied Trump to China Alibaba declined despite reporting doubled net profit, with adjusted earnings plunging almost 100% versus prior year EchoStar soared 8.5% following FCC clearance for its spectrum transaction with AT&T and SpaceX Nextracker rallied 14% on stronger-than-anticipated Q4 results and upgraded FY2027 revenue guidance Ring Energy plummeted 18% following announcement of dilutive equity offering priced at $1.35 per share Equity futures signaled an upward trajectory Wednesday morning as market participants braced for President Donald Trump’s high-profile meeting with Chinese President Xi Jinping in the Chinese capital. Semiconductor equities dominated early session advances. Micron climbed 6.1%, Nvidia gained 2.4%, and