Stock futures were falling Friday as investors turned their attention to key inflation data that could provide clues as to whether the Federal Reserve will cut interest rates next month. Wall Street kicked off the session a day after the Dow Jones Industrial Average and S&P 500 closed at records and the Nasdaq Composite, while ending the session up 0.5%, just missed an all-time high.

These stocks were moving the most in premarket trading Friday:

China's Alibaba missed market estimates for quarterly revenue on Friday as the company's e-commerce business grapples with tough competition and choppy consumer demand, eclipsing gains in its cloud computing business. U.S.-listed shares of the company rose 0.9% in premarket trading.

Marvell Technology tumbled 13% after the chip designer swung to a profit in the second quarter but adjusted earnings of 67 cents a share on revenue of $2.01 billion only matched Wall Street estimates. Marvell said revenue in the period rose 58% in part on “strong AI demand” for its custom silicon and electro-optics products. Marvell expects third-quarter adjusted earnings of 74 cents a share, plus or minus 5 cents, and revenue of $2.06 billion, plus or minus 5%. Analysts had been calling for earnings of 72 cents a share on revenue of $2.11 billion.

Dell Technologies was down 5.9% after the maker of computers and artificial-intelligence servers reported better-than-expected second-quarter adjusted earnings but issued a third-quarter outlook that missed analysts’ estimates. Dell said it anticipates third-quarter adjusted earnings of $2.45 a share at the midpoint, compared with expectations of $2.55. The company expects fiscal 2026 AI server shipments of $20 billion, higher than prior guidance of $15 billion. Dell said demand for its AI solutions “continues to be exceptional.”

Nvidia fell 1% in premarket trading as Alibaba has developed a new chip that is more versatile than its older chips. The AI chip maker declined 0.8% Thursday following its second-quarter earnings report. A miss on data-center revenue in the quarter, which rose 56% to $41.1 billion, disappointed investors.

Software company Autodesk rallied 9.4% after posting second-quarter adjusted earnings that beat Wall Street forecasts and issuing outlooks for both the third quarter and fiscal year that topped estimates.

Affirm Holdings jumped 15% in premarket trading. The fintech swung to a fiscal fourth-quarter profit and revenue rose 33% to $876 million, handily topping analysts’ estimates of $837 million. Gross merchandise volume, a metric that represents the total dollar amount of all transactions on the platform, net of refunds, jumped 43% to $10.4 billion.

Second-quarter adjusted earnings at Ulta Beauty easily topped Wall Street expectations and the cosmetics retailer raised guidance for the fiscal year, sending shares up 3.7% in premarket trading.

Elastic, the data-analytics company, soared 16% after the enterprise data software company posted better-than-expected fiscal first-quarter adjusted earnings of 60 cents a share on sales of $415 million, up 20% from a year earlier. Elastic also boosted sales guidance for its second quarter and fiscal year.

Gap fell 1.9% after the retailer reported second-quarter earnings that beat analysts’ earnings expectations but warned that tariffs would affect operating margins. Gap said it expects fiscal-year operating margins to range from 6.7% to 7%, including an estimated 100 basis point to 110 basis point net tariff impact. Operating margins a year earlier were 7.4%.

SentinelOne, the cybersecurity company, rose 7.7% after reporting a second-quarter revenue jump of 22% and annualized recurring revenue surpassed $1 billion.

Ambarella jumped 19%. The chip-design company raised fiscal-year revenue guidance following a second-quarter revenue surge of 49.9% to $95.5 million, which topped analysts’ expectations of $90 million.