Check out the companies making the biggest moves in premarket trading: Micron — The memory chipmaker soared 18.5% after its third-quarter earnings blew past expectations. Micron saw adjusted earnings of $25.11 per share, topping the $20.78 expected from analysts polled by LSEG. The company’s revenue quadrupled to $41.46 billion from $9.3 billion a year prior. Analysts had expected revenue of $35.85 billion. Qualcomm — Shares jumped 11% after the semiconductor builder nearly doubled its projection for 2029 non-handset revenue to $40 billion, up from a prior forecast of $22 billion. The company is also targeting $15 billion in data center sales for the same year. Memory stocks — Shares of memory companies also moved higher. Sandisk jumped 15.6%, and Western Digital rose 13%. Lam Research added 6%. IBM — The stock gained 3% after IBM unveiled what it calls the first technology capable of making chips smaller than one nanometer. The company said the chip will offer a substantial leap in capability to supercharge compute for applications including generative artificial intelligence and cloud infrastructure. Wendy’s — Shares popped 13%, adding to their more than 25% rally from the previous session , as retail enthusiasm continues to drive gains in the fast food chain. Thursday’s advance puts the stock up nearly 32% for the week. — CNBC’s Fred Imbert contributed reporting.
