US PRE-MARKET MOVERS: Mag-7, CRWV, MRVL, AA, DIS, CAT, STZ, APLD, ZS

ES -0.3% NQ -0.2% RTY -0.7%

• Mag-7: AMZN +0.9% META +0.8% MSFT flat TSLA -0.3% AAPL -0.5% NVDA -0.7% GOOGL -0.8%
• CRWV +8%: Co. & META announce $21bln expanded AI infrastructure agreement
• MRVL +2%: Upgraded at Barclays
• AA +1.1%: Upgraded at MS
• DIS -0.3%: Planning to layoff as many as 1k employees in the coming weeks
• CAT -0.7%: CFO to retire, effective 1st Oct.
• STZ -0.8%: Withdrew FY28 outlook & pointed to subdued demand & ongoing uncertainty in op. environment
• APLD -1.4%: Net loss widened from last year due to rising expenses & a charge tied to its cloud business
• ZS -3%: Downgraded at BTIG