Stock futures were edging up Thursday as continued optimism over artificial intelligence and hopes of a peace deal between Iran and the U.S. continued to drive the market higher.

These stocks were making moves in premarket trading:

Arm dropped 5.7%. The British company reported solid earnings for its fiscal fourth quarter late Wednesday but suggested there was some uncertainty about whether it would be able to meet surging demand for its new chip. Shares in Arm competitor Advanced Micro Devices declined 0.6%, having surged 19% the previous session to hit a record closing high and lift AMD's market capitalization above $600 billion.

Apple slipped 0.2% after the iPhone maker notched a record close of its own of $287.51 on Wednesday. Shares have rallied following strong earnings and revenue guidance reported last Thursday, which eased concerns that stubborn inflation and higher gas prices could weigh on consumer confidence.

Fortinet was the S&P 500's best performer ahead of the opening bell, surging 12%. Those gains came after the cybersecurity vendor topped analysts' earnings targets and issued a strong outlook, easing fears about how AI is disrupting the software sector.

AppLovin climbed 3.7% after the mobile advertising platform posted better-than-expected earnings and revenue for the first quarter. The stock has slumped 44% over the first three months of 2026, dragged down by a brutal selloff in software stocks, a probe by the Securities and Exchange Commission, and multiple short seller reports.

DoorDash jumped 10%. The food-delivery app beat analyst expectations for first-quarter earnings and provided solid guidance late Tuesday, even though it missed on revenue.

Shell slipped after the oil major reported strong first-quarter earnings, but noted a drop in production. Hopes of a peace deal to end the Iran war were also dragging down oil prices on Thursday, which could weigh on Shell's profit.

McDonald's added 0.9% ahead of the fast-food chain's first-quarter earnings, due ahead of the opening bell. Analysts expect profit to jump thanks to management's aggressive push on value meals, which have helped attract inflation-weary diners.

Whirlpool tumbled 17%. The maker of refrigerators and washing machines swung to a loss in the first quarter as the war in Iran has hit demand and cut its full-year forecast. It also plans to suspend its dividend. The company said it would be raising prices for its appliances.

Cheniere Energy, Datadog, Hertz, Howmet Aerospace, Peloton, Tapestry, Affirm, Airbnb, Akamai, Block, Cloudflare, Coinbase, CoreWeave, DraftKings, Gilead Sciences, Lyft, Monster Beverage, MP Materials, Once Upon a Farm, Rocket Cos., Rocket Lab, SoundHound, and Trade Desk are also scheduled to report earnings on Thursday.