By George Glover

Stock futures were edging higher on Wednesday as investors shrugged off President Donald Trump's State of the Union address.

These stocks were making moves in premarket trading:

Nvidia climbed 0.6% as investors geared up for the chip maker's fourth-quarter earnings, due after the closing bell. Analysts polled by FactSet are expecting data center revenue of $61 billion, which would mark a 70% increase from last year. The bigger question is whether the results can put an end to the market's artificial-intelligence fears, which have sparked several brutal selloffs in recent weeks.

Paramount Skydance rose 2.5% after the CBS owner raised its offer for Warner Bros. Discovery to $31 a share. Warner's board said the bid "could reasonably be expected to lead" to a proposal superior to the deal it agreed with video streamer Netflix in December. Warner shares ticked up 0.2% to $29.20 ahead of the opening bell, while Netflix stock added 1.7%. Paramount is set to report its fourth-quarter earnings after the close.

First Solar slumped 17%, making it the S&P 500's worst performer in the premarket. The selloff came after the solar panel maker missed analysts' fourth-quarter earnings estimates and issued weak revenue guidance.

Workday dropped 8.5% after the business software company's poor guidance and disappointing subscription backlog overshadowed solid fourth-quarter earnings. The results will do nothing to dispel the negative sentiment plaguing shares, which have tumbled 50% over the past year.

Axon Enterprise jumped 16%, making it the S&P 500's best-performing stock. The maker of Taser stun guns' fourth-quarter earnings and revenue came in well above expectations, which Axon said was down to it providing AI-driven services to law enforcement clients.

CAVA rallied 10% after the Mediterranean restaurant chain issued an upbeat sales forecast and reported solid fourth-quarter earnings, despite concerns about snowstorms and last year's government shutdown.

CoStar slipped 2.8% after the real-estate data company issued first-quarter guidance that came in short of analysts' expectations. CoStar, which is one of several software stocks that have tumbled in recent weeks, also said it would ramp up spending on AI.

HP Inc. fell 4.5%, even though the IT company reported better-than-expected earnings for its fiscal first quarter. CFO Karen Parkhill gave downbeat commentary, citing rising memory costs.

Lucid declined 3.7% after the electric vehicle maker reported a wider fourth-quarter operating loss than expected. Lucid predicted that it will manufacture between 25,000 and 27,000 cars in 2026, well below what Wall Street was looking for.

PayPal slid 0.5%. Shares surged 6.7% on Tuesday after a report said that payments processor Stripe was interested in all or part of the company. PayPal declined to comment.

Circle Internet, Lowe's, Medline, TJX, Agilent Technologies, Chime Financial, C3.ai, DigitalBridge, IonQ, Joby Aviation, Pure Storage, Revolution Medicines, Salesforce, Snowflake, Synopsys, Trade Desk, and Zoom Communications are all set to report earnings on Wednesday.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 25, 2026 05:56 ET (10:56 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.