Premarket movers reflect gains in biotech and chips, pressure on apparel

Traders Union
All News
Financial News
Premarket movers in biotech and chips

Highlights

Haemonetics gains 8% premarket as CSL targets nationwide rollout of its plasmapheresis platform in the U.S. by end-2027.
Wolfspeed surges over 15% after securing a conditional $1.5 billion U.S. Defense Department loan, granting Pentagon warrants for up to 7.5% equity.
Applied Digital rises 1% as fiscal Q1 revenue reaches nearly $342 million, up 322% year-on-year, amid continued demand for AI data-center capacity.

Company updates driving early trades

As reported by CNBC, Haemonetics rises 8% after CSL says it expects to complete the rollout of Haemonetics' plasmapheresis platform across the U.S. by the end of 2027.

Wolfspeed jumps more than 15% after securing a conditional $1.5 billion loan tied to a 30-year financing commitment from the Defense Department. The funding is set to support domestic production, and the Pentagon is due to receive warrants for up to 7.5% of the company under the proposed terms.

Broadcom slips nearly 2% in premarket trading. The chipmaker is working to arrange more than $50 billion in financing linked to the custom AI chips it is developing with OpenAI, the Wall Street Journal reports.

Taiwan Semiconductor Manufacturing reports September revenue growth of 54.6% from a year earlier, lifting third-quarter revenue to $16.03 billion and above expectations. Even so, the shares fall about 1% in early trading.

Retail weakness and AI demand shape sentiment

Lululemon declines around 1% after announcing leadership changes, with former Nike executive and Athleta CEO Maggie Gauger set to become chief product officer and Joseph Godsey taking the chief operating officer role. The changes come as CEO Heidi O'Neill seeks to revive growth and reset the company's struggling North American business.

Levi Strauss falls nearly 3% after posting third-quarter revenue of $1.61 billion, slightly below expectations, as direct-to-consumer sales weaken in the U.S. and Europe. Adjusted earnings top estimates and tariff refunds support profitability, but the denim retailer's sales outlook remains less upbeat.

Applied Digital adds 1% after reporting fiscal first-quarter revenue of nearly $342 million, up 322% from a year earlier, as its AI data-center business ramps up sharply. Recent comments from CEO Wes Cummins that a Tier 1 hyperscaler is developing a roughly 1-GW self-build data center in North Dakota underscore continuing demand for AI infrastructure in the state.

Our earlier article on AI data-center expansion pressures explained that the push to add capacity is increasingly running into real-world bottlenecks, from equipment shortages and labor constraints to permitting delays and local restrictions. We also noted that power access is becoming a key risk, as grid-connection timelines and limited new generation capacity can slow or cap the scale-up of electricity-hungry AI server farms.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.