Here’s a look at the biggest gainers in premarket trading: Micron Technology – Shares of Micron Technology rose 16.5% after the semiconductor maker beat analysts’ fiscal second-quarter profit and revenue expectations. Micron reported a profit of 42 cents per share on revenue of $5.82 billion, higher than the 25 cents per share loss on revenue of $5.35 billion expected by analysts polled by LSEG. Micron also expects third-quarter profit and revenue to be higher than expected. 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 are up nearly 2% one day after listing on Nasdaq. Astera, which sells data center connectivity chips to cloud and artificial intelligence infrastructure companies, soared 72% in its first day of trading. Li Auto — Shares of Li Auto fell 9% after the Chinese electric vehicle maker said it expected first-quarter deliveries to be a median of 77,000 vehicles, down from a previous forecast of a median of 101,500 vehicles. Earlier Thursday, Broadcom shares rose nearly 3% before the open after TD Cowen upgraded the chipmaker to outperform and analyst Matthew Ramsay highlighted further potential upside for the artificial intelligence business. . Revolve Group – Shares of the fashion retailer rose nearly 5% after TD Cowen upgraded its rating to outperform. The company said it expects Revolve to return to growth after a year of price cuts and general weakness. Nvidia – Shares of Nvidia rose 2% after TD Cowen reiterated an outperform rating on the major artificial intelligence chipmaker and raised its price target to $1,100 from $900. The bank said Nvidia’s launch of its latest Blackwell platform at the GTC conference strengthens the company’s “computing leadership across the stack.” Chewy shares fell 2% after the pet products retailer issued soft guidance for the quarter. Chewy expects first-quarter revenue to be between $2.84 billion and $2.86 billion, compared with analysts’ expectations of $2.89 billion, according to LSEG. Fourth-quarter profit and revenue beat expectations. Five Below – The discount retailer’s shares fell 13% a day after reporting fourth-quarter earnings and revenue below expectations. Five Below also released brief guidance on its top and bottom lines for the season and full year. Guess what — the stock rose nearly 12% in a day after the clothing designer reported adjusted earnings of $2.01 per share, beating the $1.56 expected by analysts polled by LSEG. Revenue was $891 million, compared with consensus estimates of $856 million. Darden Restaurants — owner of the Olive Garden and LongHorn Steakhouse chains — reported its latest revenue numbers fell short of analysts’ expectations, sending shares down about 4%. 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 were $2.62, in line with consensus estimates. Separately, Darden also authorized a new $1 billion stock repurchase program. —CNBC’s Lisa Han, Sarah Min, Pia Singh and Brian Evans contributed reporting.
