Applied Materials beats and guides higher, but shares slip: Is growth priced in?
Morning Movers
$Boost Run (BRUN.US)$ rose 13.08% in premarket trading after reporting a 270% year over year jump in Q2 revenue.
Gapping Up
$Boost Run (BRUN.US)$ rose 13.08% in premarket trading after reporting a 270% year over year jump in Q2 revenue.
$Nu Holdings (NU.US)$ rose 12.63% in premarket trading after reporting record Q2 net income over one billion and revenue and EPS that topped expectations.
$Reddit (RDDT.US)$ rose 10.83% in premarket trading after being added to the S&P 500 replacing AvalonBay Communities.
$Aehr Test Systems (AEHR.US)$ increased 7.76% in premarket trading after receiving a 22 million follow-on production order from its lead wafer-level AI processor customer.
$SanDisk (SNDK.US)$ increased 6.45% in premarket trading after its Investor Day detailed long term targets including about 80 percent gross margins mid to high teens revenue growth and a plan to return 100 percent of excess cash to shareholders.
$Intuitive Machines (LUNR.US)$ climbed 4.61% in premarket trading after Q2 results showing 310% revenue growth a record 1.8 billion backlog and reaffirmed full year revenue and positive adjusted EBITDA guidance alongside a Stifel upgrade to Buy.
$AeroVironment (AVAV.US)$ climbed 4.5% in premarket trading after the Trump administration announced tariffs on imported drones and components that are expected to benefit domestic manufacturers.
$Kratos Defense & Security Solutions (KTOS.US)$ climbed 3.92% in premarket trading after the Trump administration announced tariffs on drone imports that lifted U.S. drone stocks.
$Western Digital (WDC.US)$ climbed 3.84% in premarket trading after SanDisk issued bullish Investor Day guidance that boosted optimism for AI driven storage demand and softer US inflation data lowered rate hike expectations.
$Ondas (ONDS.US)$ climbed 3.7% in premarket trading after the Trump administration announced tariffs on imported drones and components boosting domestic drone stocks.
$FGI Industries (FGI.US)$ lost 11.01% in premarket trading.
Gapping Down
$FGI Industries (FGI.US)$ lost 11.01% in premarket trading.
$Applied Materials (AMAT.US)$ dropped 5.32% in premarket trading after posting better than expected Q3 results and issuing above consensus Q4 guidance that nonetheless fell short of elevated AI driven expectations.
$JD.com (JD.US)$ fell 3.48% in premarket trading after its Hong Kong shares fell more than ten percent as better than expected second quarter results were overshadowed by a roughly three percent revenue decline and sharply higher research and development spending.

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