Here are some of the biggest stock movers ahead of Friday’s market open:
Marvell Technology Inc.’s stock
was powering 14% higher in premarket action after the chip company said it expected revenue from artificial intelligence to at least double this fiscal year.
Gap Inc. shares
rallied 12% after the retailer took Wall Street by surprise and posted an adjusted profit of a penny a share.
Workday Inc. shares
jumped 8% and headed toward their highest prices in more than a year, after the software company easily topped earnings expectations and brought on a new chief financial officer.
Ford Motor Co. shares
rose 1% after announcing that its electric-vehicle owners soon will have access to the more than 12,000 Tesla Inc.
Superchargers in the U.S. and Canada starting next year.
Tilray Brands Inc. shares
dropped 18% after the cannabis company announced secondary offering to help pay down debt.
Shares of Ulta Beauty Inc.
slid 8% after the beauty-products and salon chain reported first-quarter same-store sales that just missed expectations and noted more competitive price-cutting among rivals.
slipped 2% after the retailer formerly known as Restoration Hardware beat on earnings , but offered a mixed outlook when it came to Wall Street expectations.