Check out the companies making headlines before the bell. Iren — The data center company jumped 22% after reaching a deal with Microsoft to provide the software and cloud computing provider with access to Nvidia GB300 GPUs over five years for $9.7 billion. Semiconductor manufacturers — The group advanced after Iren’s nearly $10 billion deal to access Nvidia chips, which broadly lifted investor sentiment on semiconductor demand. Nvidia rose nearly 2%, while Micron Technology and Advanced Micro Devices advanced roughly 4% and 1%, respectively. ON Semiconductor – ON added more than 3% after third-quarter profit and sales beat analyst estimates. On Semi earned an adjusted 63 cents per share on revenue of $1.55 billion, better than the 59 cents and $1.52 billion that analysts polled by FactSet forecast. Kenvue —The Tylenol and Band-Aid maker rallied 20% after agreeing to be acquired by Kimberly-Clark for $48.7 billion in cash and stock in a deal expected to close in the second half of 2026. Cipher Mining — The developer of data centers for bitcoin mining and artificial intelligence surged 17% after third-quarter results exceeded expectations. Cipher posted a narrower-than-expected loss of 1 cent, better than the loss of 4 cents anticipated by analysts polled by FactSet. Revenue of $71.7 million missed the $77.8 million consensus estimate. New Gold — Shares jumped 9% after Coeur Mining agreed to acquire New Gold in an all-stock deal valued at a 16% premium to New Gold’s Friday close. Idexx Laboratories — The veterinary services stock rose 7% after third-quarter revenue of $1.11 billion exceeded the $1.07 billion estimated by analysts polled by FactSet. Idexx also raised its full-year earnings and revenue guidance. Freshpet — The pet food company climbed nearly 7% as third-quarter adjusted earnings before interest, taxes, and amortization of $54.6 million topped the $53 million expected by analysts polled by FactSet. Revenue came in at $288.8 million, above the $283.7 million consensus estimate. Beyond Meat – Shares of the alternative meat company ,which became a meme stock in October, dropped 8% after saying it was delaying its earnings report as it works to calculate the cost of a non-cash impairment charge. Palantir — Shares of the developer of data software platforms rose about 3% ahead of third quarter earnings results , scheduled for release after the close Monday. Cisco Systems — The maker of networking hardware and telecom equipment added more than 1% after UBS upgraded the stock to buy from neutral, citing a “multi-year growth cycle driven by AI infrastructure demand, a large-scale Campus refresh cycle, and momentum in Security.” Eaton Corp. – The industrial stock fell more than 1% after agreeing to acquire Boyd Thermal for $9.5 billion in a deal expected to close in the second quarter of 2026. — CNBC’s Sarah Min, Sean Conlon, Fred Imbert, Lisa Han, Michelle Fox Theobald, Spencer Kimball and John Melloy contributed reporting
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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