Stocks making the biggest moves premarket: IREN, KVUE, CIFR, NGD
Check out the companies making headlines before the bell. Iren — The data center company jumped 22% after reaching a deal with Microsoft to provide the software and cloud computing provider with access to Nvidia GB300 GPUs over five years for $9.7 billion. Semiconductor manufacturers — The group advanced after Iren’s nearly $10 billion deal to access Nvidia chips, which broadly lifted investor sentiment on semiconductor demand. Nvidia rose nearly 2%, while Micron Technology and Advanced Micro Devices advanced roughly 4% and 1%, respectively. ON Semiconductor – ON added more than 3% after third-quarter profit and sales beat analyst estimates. On Semi earned an adjusted 63 cents per share on revenue of $1.55 billion, better than the 59 cents and $1.52 billion that analysts polled by FactSet forecast. Kenvue —The Tylenol and Band-Aid maker rallied 20% after agreeing to be acquired by Kimberly-Clark for $48.7 billion in cash and stock in a deal expected to close in the second half of 2026. Cipher Mining — The developer of data centers for bitcoin mining and artificial intelligence surged 17% after third-quarter results exceeded expectations. Cipher posted a narrower-than-expected loss of 1 cent, better than the loss of 4 cents anticipated by analysts polled by FactSet. Revenue of $71.7 million missed the $77.8 million consensus estimate. New Gold — Shares jumped 9% after Coeur Mining agreed to acquire New Gold in an all-stock deal valued at a 16% premium to New Gold’s Friday close. Idexx Laboratories — The veterinary services stock rose 7% after third-quarter revenue of $1.11 billion exceeded the $1.07 billion estimated by analysts polled by FactSet. Idexx also raised its full-year earnings and revenue guidance. Freshpet — The pet food company climbed nearly 7% as third-quarter adjusted earnings before interest, taxes, and amortization of $54.6 million topped the $53 million expected by analysts polled by FactSet. Revenue came in at $288.8 million, above the $283.7 million consensus estimate. Beyond Meat – Shares of the alternative meat company ,which became a meme stock in October, dropped 8% after saying it was delaying its earnings report as it works to calculate the cost of a non-cash impairment charge. Palantir — Shares of the developer of data software platforms rose about 3% ahead of third quarter earnings results , scheduled for release after the close Monday. Cisco Systems — The maker of networking hardware and telecom equipment added more than 1% after UBS upgraded the stock to buy from neutral, citing a “multi-year growth cycle driven by AI infrastructure demand, a large-scale Campus refresh cycle, and momentum in Security.” Eaton Corp. – The industrial stock fell more than 1% after agreeing to acquire Boyd Thermal for $9.5 billion in a deal expected to close in the second quarter of 2026. — CNBC’s Sarah Min, Sean Conlon, Fred Imbert, Lisa Han, Michelle Fox Theobald, Spencer Kimball and John Melloy contributed reporting
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