Premarket Winners and Losers: Chip Stocks Rally While Alibaba (BABA) Slides on Weak Earnings
Micron Technology, Inc., MU Alibaba equity declined 1.3% notwithstanding positive headline profit figures. The e-commerce titan disclosed fiscal fourth-quarter net earnings of 23.50 billion yuan ($3.41 billion), representing approximately double the previous years figure, propelled by investment portfolio gains. Nevertheless, adjusted net earnings — excluding those one-time gains — totaled merely 86 million yuan. This represented a collapse of nearly 100% relative to the comparable quarter last year. Total revenue expanded 3% to 243.38 billion yuan. EchoStar emerged as the leading premarket gainer within the S&P 500 index, advancing 8.5%. The Federal Communications Commission verified its authorization of the firms wireless spectrum divestiture to AT&T and SpaceX. Nextracker and Intuitive Machines Show Strength Nextracker represented another significant winner, climbing 14% following disclosure of adjusted earnings per share reaching $1.05 on revenues totaling $881 million, surpassing analyst projections on both metrics. The solar equipment manufacturer additionally elevated its FY2027 revenue forecast to a range spanning $3.8 billion to $4.1 billion. Intuitive Machines appreciated 9% after securing selection by the U.S. Space Force for the Andromeda IDIQ procurement. This agreement encompasses advanced space monitoring technologies. The award marked the firms initial significant contract success following its $800 million purchase of Lanteris Space Systems. Wolfspeed skyrocketed 31% after Citrini Research









