US PRE-MARKET MOVERS: INTC, GETY, RIOT, RKLB, HIMS, CAH, ONON, PLUG, ACVA
ES +0.2% NQ +0.3% RTY +0.2
Pakistani Defence Minister reportedly signals US/Iran close to some agreement & situation is moving towards peace
- INTC -0.8%: Sought to increase share sale to ~$20bln from the initial $15bln
- GETY -25%: Surprise loss per shr. & rev. light
- RIOT +19%: Has struck a $9.1bln deal w/ Anthropic for 191MW of AI data centre capacity in Texas
- RKLB -7%: Wider than exp. Q loss, outweighing stronger rev. & above-consensus outlook
- HIMS -6%: Much deeper than exp. loss per shr. & pressure on margins from its shift towards branded weight-loss drugs & international expansion outweighed a raised rev. guide
- CAH +3%: EPS beat, strong FY profit guide & raises share buyback by $5bln
- ONON -17%: Disappointing results w/ weak FY top line outlook
- PLUG +13.5%: Smaller-than-exp. loss for Q2
- ACVA +10%: Said to explore sale amid takeover interest
This is the standard premarket movers sheet, a digest of earnings prints, corporate events and one geopolitical headline against a modestly firmer index backdrop. The earnings dispersion here follows the usual pattern: misses on the bottom line with weak guidance (GETY, ONON, HIMS) are being punished far more severely than beats are rewarded (CAH, PLUG), the asymmetric reaction typical when positioning into results has been long. The RIOT move is the structurally interesting line: crypto miners converting power capacity into contracted AI data centre revenue have been re-rated on each such deal, and the transmission channel is the scarcity value of grid-connected megawatts rather than mining economics. The INTC share sale upsizing reads as supply overhang; enlarged offerings of this kind have historically weighed into pricing and through the session. The ACVA sale-exploration pop is the standard strategic-review reaction, where follow-through depends on whether a process is formally confirmed. The US/Iran headline is the kind of unofficial-sourced peace signal that has tended to fade without confirmation from the principals.