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Affirm Stock Jumps 13% on Strong GMV, Upbeat Fiscal 2027 Outlook
Affirm (AFRM) jumped 12.9% premarket after Q4 GMV rose 36% to $14.1B, beating estimates. The company also guided fiscal 2027 GMV above $64B.
IREN Slides 5.8% as $684M Loss Clouds AI Cloud Pivot
IREN shares dropped 5.8% after a $684 million quarterly loss, as AI Cloud revenue surpassed Bitcoin mining for the first time, raising questions about its strategic pivot.
Marvell Stock Slides 6.9% as Google AI Revenue Shift Delays Boost to 2029
Marvell shares dropped 6.9% premarket after Google's AI revenue timeline pushed significant gains to fiscal 2029, despite record Q2 revenue.
Rubrik Stock Dips 6.7% Despite Strong Q2 Results and Raised Guidance
Rubrik (RBRK) shares dropped 6.7% in premarket trading despite a 38% revenue surge and raised full-year guidance, as investors took profits after a recent rally.
PayPal Plunges 15% as $53B Acquisition Talks Collapse
PayPal shares tumbled 15.4% after dropping a $53 billion acquisition attempt, wiping out $8.1 billion in market value and raising growth concerns.
Founder Group Slumps 23% Premarket on Second Reverse Split
Founder Group shares fell 22.7% in premarket trading after the company revealed a second 100-for-1 reverse stock split, its second in seven months, set to take effect September 1.
Gap Stock Jumps 13.8% on Strong Brand Performance and Raised Guidance
Gap shares rallied 13.8% in premarket trading after the company beat earnings estimates, driven by a 10% surge in Gap brand comparable sales. Management raised its full-year EPS outlook.
E-Power Soars 23% on Record $51.1M Anode Contract
E-Power shares surged 23% premarket after securing a $51.1 million anode-line contract, which exceeds its 2025 revenue. The project adds 21,000 tons of annual capacity.
Propanc Biopharma Plunges 19% Premarket After 108% Surge on PRP Data
Propanc Biopharma (PPCB) shares dropped 19.3% premarket to $1.80 after a 108% surge on PRP data. Despite strong animal results, revenue and cash concerns persist.
Solstice Surges 17% After Scrapping $14.5B Merger, Unveiling $500M Buyback
Solstice shares surged 17.2% in premarket trading after the company terminated its $14.5 billion merger with Element Solutions and announced a $500 million buyback.
Key Tronic Faces 21% Premarket Plunge Amid $10M Shipment Halt
Key Tronic shares fell 21% premarket as a liquidity crunch delayed $10M in shipments. Revenue grew 14% but net loss widened, with management citing financing constraints.
LogProstyle Stock Retreats 30% Premarket After I-FLATZ Deal Rally
LogProstyle shares tumbled 30% in premarket trading, giving back gains from a 75% surge after announcing its I-FLATZ acquisition.