Nokia Oyj fell 8% in premarket trading on Thursday after it reported first-quarter profit well below market expectations on Thursday and flagged a short-term disruption from U.S. tariffs with an estimated impact of between 20 million and 30 million euros to its second-quarter profit.

IBM said 15 of its government contracts were shelved under a cost-cutting drive by the Trump administration, a setback that eclipsed its upbeat revenue forecast and dragged its shares down 8% in premarket trading on Thursday.

The federal consulting businesses of Big Blue's rivals, such as Accenture, have also taken a hit from belt-tightening efforts by the U.S. administration and its Department of Government Efficiency.

ServiceNow beat Wall Street estimates for first-quarter profit on Wednesday, helped by resilient demand for its artificial intelligence-powered software for managing IT services, sending the company's shares up 9% in premarket trading on Thursday.

The company also marginally raised its annual subscription revenue forecast. ServiceNow said the forecast, which does not entirely include the benefit from a weaker U.S. dollar during the reported quarter, allows it to navigate potential risks related to the current geopolitical environment.

Texas Instruments forecast second-quarter revenue above Wall Street estimates on Wednesday, betting on robust demand for its analog chips even as the threat of U.S. tariffs has stoked uncertainty across the semiconductor industry.

The outlook, the first from a major U.S. chipmaker this earnings season, sent TI shares up more than 3% in premarket trading on Thursday. The stock had fallen over 17% so far this year, weighed down by macroeconomic jitters and trade tensions.