US PRE-MARKET MOVERS: AAPL, PLTR, ON, FN, LSCC, SHOP, KDP, FISV, DD

ES -0.1% NQ +0.3% RTY -0.1%

• Memory ETF DRAM +3% Semiconductor ETF SOXX +2.8% Neocloud ETF NCLD +2.2%
• AAPL -4%: Surging memory chip prices & rising AI-related costs weighed profit margin outlook
• PLTR -6.5%: Elevated investor exp. & sharp slowdown in US commercial contract growth, offset strong results, robust AI demand & accelerating FCF generation
• ON +3%: EPS & rev. topped Wall St. exp.
• FN +8.5%: Headline metrics beat w/ stellar next Q view
• LSCC +11%: Strong Q report & Q4 outlook
• SHOP -16.5%: Growth disappointment sees pressure & results struggle to justify lofty valuation
• KDP -5.5%: Rev. light as was FY top line outlook
• FISV +7.8%: EPS & rev. topped as did midpoint of FY profit view
• DD +2%: Lifts FY profit view amid strong healthcare & aerospace demand