Snap Inc shares jumped 7% in premarket trading, driven by a major product announcement and persistent geopolitical uncertainty surrounding its chief competitor, TikTok.

Snap Inc. is rolling out an updated version of its operating system for augmented-reality glasses, a move that signals it’s getting closer to launching its first consumer smart glasses next year.

The social media company last Monday launched Snap OS 2.0, claiming the new features bring a more robust software experience to its current Spectacles glasses. Right now, only developers have access to the device, which became available last year. A consumer version that’s coming in 2026, called Specs, is smaller and lighter and runs on the same operating system, Snap has said.

Tesla Motors rose 1% in premarket trading.

Tesla has received approval from the Arizona Department of Transportation to begin testing its autonomous robotaxi vehicles in the state with a safety monitor, multiple news outlets reported late Friday.

After a spectacular break-up, President Donald Trump and Elon Musk came together to honor conservative activist Charlie Kirk. The two were spotted shaking hands at Kirk's memorial service Sunday afternoon in a box at State Farm Stadium in Glendale, Arizona. 

Quantum Computing Inc. fell 8% in premarket trading after the company said Sunday it has agreed to sell 26.9 million common shares to institutional investors priced at the market for expected gross proceeds of $500 million.

AST SpaceMobile, Inc. rose 8% in premarket trading.

Baidu rose 3% in premarket trading.