Premarket movers highlight earnings beats and AI investment plans
Early trading is focusing on a mix of earnings surprises and fresh artificial intelligence spending plans across major U.S. stocks. Home Depot, Amer Sports, Blackstone and Alphabet are moving higher, while chipmakers remain under pressure amid continued weakness in memory names.
Highlights
- Home Depot rises 0.6% premarket as adjusted earnings reach $3.43 per share and revenue hits $41.77 billion, both above forecasts.
- Amer Sports gains 2.9% premarket after reporting 38 cents per share earnings and $1.95 billion revenue, both beating analyst estimates.
- Blackstone and Alphabet advance 0.7% following Blackstone's announcement of a $5 billion equity investment in a new AI infrastructure company with Google.
Earnings and deal news drive early gains
As reported by CNBC, Home Depot is rising 0.6% in premarket trading after the home improvement retailer reports sales and profit above Wall Street expectations. Adjusted earnings reach $3.43 per share, topping the $3.41 forecast from analysts polled by LSEG, while revenue of $41.77 billion exceeds the expected $41.52 billion.Amer Sports is also higher, with shares up 2.9% after the owner of Wilson and Salomon posts first-quarter results that beat analyst estimates. Earnings excluding items come in at 38 cents per share, above the FactSet consensus estimate of 31 cents, and revenue of $1.95 billion is ahead of the forecasted $1.84 billion.
Blackstone and Alphabet both advance 0.7% after Blackstone says it will invest $5 billion in equity capital into a new artificial intelligence infrastructure company with Google. The move adds to investor attention on AI-related spending and partnerships across the U.S. technology and investment sectors.
Chip sector faces renewed selling pressure
Semiconductor stocks are under pressure again in premarket trading as weakness in memory-related names continues. Micron falls 1.7% and Seagate drops 3%, while Nvidia declines nearly 1%.The split in early trading highlights a market that is rewarding earnings outperformance and large-scale AI infrastructure commitments, while remaining cautious on parts of the chip industry facing ongoing selling pressure.
Home Depot’s Q1 results beat expectations, with adjusted EPS of $3.43 and revenue of $41.77 billion coming in ahead of forecasts as the company reaffirmed its fiscal 2026 guidance. Our earlier coverage also noted that, while core homeowners have remained relatively resilient, higher rates and a softer housing backdrop are still prompting delays in bigger-ticket renovation projects and keeping pressure on the broader home-improvement sector.
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