Premarket Movers | GameStop Jumps 7%; AeroVironment Gains 6%; Robinhood Rises 2%; Synopsys Plunges 19%

Tiger Newspress
09/10

GameStop's second-quarter revenue jumped, driven by strong sales in its hardware and collectibles segment as the videogame retailer embraces digital storefronts to battle competition from larger retailers and e-commerce platforms. Shares of the company, which was at the center of the 2021 meme stock rally, were up about 7% in premarket trading on Wednesday.

AeroVironment shares gained 5.6% after the drone maker AeroVironment reported messy, but largely better-than-expected, fiscal first-quarter results.

Robinhood is launching a social media network for investors and adding more tools and features to its platform for active traders, the company announced Tuesday evening at its annual conference for active investors. The shares gained 1.5% in premarket trading.

TSMC posted a 34% rise in August revenue, signaling sustained global demand for cutting-edge AI silicon. The shares gained 1.3% in premarket trading.

Rubrik stock fell 4.1% after the Security and AI company posted a second-quarter adjusted loss of 3 cents, which was narrower than the loss of 4 cents penciled in by analysts polled by LSEG. Rubrik’s $310 million in revenue also beat the estimated $282 million.

Chip design software provider Synopsys missed Wall Street estimates for third-quarter revenue, hurt by weakness in its Design IP business, sending shares down 18.6% in premarket trading.

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