Check out the companies making the biggest moves in pre-market trading: Micron – Shares rose 16.5% after the semiconductor manufacturer's second-quarter earnings and revenue beat analyst estimates. Micron reported earnings of 42 cents per share on $5.82 billion in revenue, higher than the loss of 25 cents per share on $5.35 billion in revenue that revenue analysts surveyed by LSEG had expected. Micron also headed for higher-than-expected earnings and revenue in the third quarter. Apple – The iPhone maker's stock fell 1% after Bloomberg reported that the Justice Department may file an antitrust lawsuit against Apple early Thursday. Astera Labs (ALAB) – Shares rose nearly 2%, one day after its debut on the Nasdaq. Astera, which sells data center connectivity chips to cloud infrastructure and artificial intelligence companies, rose 72% on its first day of trading. Li Auto – US-listed shares fell 9% after the Chinese electric car maker said it expects deliveries of 77,000 vehicles in the first quarter at the midpoint, down from a previous forecast of 101,500 at the midpoint. Broadcom – Shares rose nearly 3% before the opening bell after TD Cowen upgraded the chipmaker to outperform early Thursday, with analyst Matthew Ramsay highlighting more potential upside from its artificial intelligence business. Revolve Group – The fashion retailer jumped nearly 5% after receiving an upgrade from TD Cowen to outperform the market. The company said it expects Revolve to see a return to growth after a year of writedowns and widespread weakness. Nvidia – Shares jumped 2% after TD Cowen reiterated its outperform rating on the dominant AI chip maker and increased its price target to $1,100 from $900. Nvidia's introduction of its latest Blackwell platform during its GTC conference reinforces the company's “compute leadership across the stack,” the bank said. Chewy – Shares fell 2% after the pet products retailer issued modest guidance for the current quarter. Chewy expects first-quarter revenue to range between $2.84 billion to $2.86 billion, versus the $2.89 billion expected by analysts, according to LSEG. Fourth quarter earnings and revenue exceeded estimates. Five Below – The discount retailer sank 13% one day after reporting a fourth-quarter profit and revenue loss. Five Below also issued light guidance for the top and bottom lines for both the current quarter and the full year. Take a guess — the stock jumped nearly 12% a day after the apparel designer reported adjusted earnings of $2.01 per share, beating the $1.56 expected from analysts surveyed by LSEG. Revenue was $891 million, versus consensus estimates of $856 million. Darden Restaurants — Shares fell about 4% after the latest revenue numbers from the owner of the Olive Garden and LongHorn Steakhouse chains came in below analyst estimates. Darden Restaurants reported revenue of $2.97 billion in its fiscal third quarter, less than the $3.02 billion expected by analysts surveyed by FactSet. Adjusted earnings per share of $2.62 are in line with the consensus estimate. Separately, Darden also authorized a new $1 billion stock buyback program. – CNBC's Lisa Hahn, Sarah Min, Pia Singh and Brian Evans contributed reporting.
