Foot Locker stock surged 69% in premarket trading on Thursday following a report that said the company was nearing a deal to be acquired byDick’s Sporting Goods for $2.3 billion. Dick's Sporting Goods stock was down 6% in premarket trading.

Dick’s is considering paying $24 per share for Foot Locker, The Wall Street Journal reported Wednesday, citing people familiar with the matter. That price represents a nearly 90% premium to Foot Locker’s Wednesday closing price of $12.87.

CoreWeave, Inc. shares fell 10% in premarket trading on Thursday after the company is looking to spend $20 billion to $23 billion this year on AI infrastructure and data center capacity, the Nvidia-backed company said on Wednesday, as it aims to meet booming demand from clients, including Microsoft.

The company's projected capital expenditure of between $3 billion and $3.5 billion for the second quarter was way above its revenue expectation of $1.06 billion to $1.1 billion.

Chinese ETFs and ADRs fell in premarket trading on Thursday. KE Holdings Inc. fell 4%; Direxion Daily FTSE China Bull 3X Shares fell 3%; JD.com, XPeng Inc. fell 2%; PDD Holdings Inc, Alibaba fell 1%.

Cisco shares rose 4% in premarket trading on Thursday after the company said on Wednesday that its finance chief Scott Herren will retire from the company in July, and raised its annual results forecast, betting on steady demand from cloud customers for its networking equipment, driven by the artificial intelligence boom.

Herren will be replaced by Mark Patterson, currently Cisco's chief strategy officer, who will start as the CFO on July 27.