Premarket Movers | Nutanix Soars 18%; IONQ Gains 12%; Snowflake Falls Nearly 2%; Trade Desk Plunges 17%; C3.ai Tumbles 24%

Nutanix reported second quarter results that exceeded analyst expectations, while announcing a strategic partnership with AMD that includes a $150 million equity investment, sending shares up 17.74% in premarket trading.

IONQ shares rose 12% in premarket trading after the quantum computing company reported fourth-quarter results that were above Wall Street's estimates.

Driven by sales associated with its Pentagon contracts, corporate partnerships, and recent Blade Urban Air Mobility acquisition, Joby Aviation reported better-than-expected results for the fourth quarter and set FY26 revenue guidance above consensus estimates. The shares rose 3% in premarket trading.

Snowflake gave an outlook for quarterly sales that was in line with estimates, disappointing investors who were looking for a stronger showing to overcome jitters about the software industry’s viability in the age of AI. Shares fell 1.6% in premarket trading.

Synopsys’ second-quarter revenue forecast fell short of investor expectations, as the chip design software maker navigates export restrictions in China and broader economic uncertainty. Shares fell 3.6% in premarket trading.

Nu Holdings, the listed entity that runs Brazilian digital lender Nubank, posted a 50% rise in its fourth-quarter net profit from a year earlier, as its customer base grew. Still, shares in Nu Holdings were down 4.8% in premarket trading, with analysts raising questions about the bank's costs.

Salesforce forecast fiscal 2027 revenue below Wall Street expectations, signaling sluggish spending on enterprise business software as it invests heavily in its artificial intelligence platform to drive up demand. The shares fell 3.8% in premarket trading.

Trade Desk reported fourth-quarter profit above Wall Street estimates, but forecast first-quarter revenue below expectations, sending mixed signals on near-term advertising demand. Shares were down 17.5% in premarket trading.

C3.ai reported fiscal third quarter results that fell short of Wall Street expectations and the enterprise AI software company’s fourth quarter guidance disappointed investors further. The shares tumbled 24% in overnight trading.