US PRE-MARKET MOVERS: NET, AKAM, LRCX, U, ABNB, DKNG, KRUS, UAA, IREN, LYFT, FLY, ASTS, VST, MRNA, HIMS, QCOM

ES flat NQ +1.3% RTY flat

• DRAM +5.8% NCLD +8.7% SOXX +5%
• NET +20%: EPS & rev. beat w/ strong next Q & FY outlook
• AKAM +6%: Profit surpassed Wall St. exp.
• LRCX +11%: Announces $25bln share repurchase authorisation & declares Q div.
• U +4%: Silver Lake & Saudi Arabia’s PIF have held talks to acquire the Co., discussing a valuation of c. $25bln
• ABNB +13.5%: EPS & rev. topped as did next Q top line view
• DKNG -24%: Deeper loss per shr. & rev. light w/ FY top line midpoint short of exp.
• KRUS -19%: Disappointing results & outlook
• UAA -10.5%: Rev. short & cut GM view
• IREN +16.5%: Top line beat, rapid AI Cloud growth & expanding contracted rev. backlog
• LYFT -7%: Surprise loss per shr. & rev. light
• FLY +12.5% signs Rocket Engine deal valued at >$1.3bln w/ ASTS +2.5%
• VST +5.5%: Adj. EBITDA, rev. topped & increased share buyback by $1.5bln
• MRNA +3.7%: Impressive results & raised FY rev. growth
• HIMS +7.5%: Co. & LLY announce agreement to help expand access to Zepbound & Foundayo
• QCOM +3%: Alphabet discloses $548mln worth of Co. stake