Premarket movers: Super Micro, SCHMID Group and SpaceX surge

Investing.com - U.S. stock futures were mixed to slightly higher on Wednesday as investors weighed a heavy slate of corporate earnings alongside ongoing developments in the artificial intelligence trade and geopolitical uncertainty in the Middle East.

Here are some of the biggest premarket U.S. stock movers today

By 06:07 ET (10:07 GMT), Dow futures had ticked down 66 points, or 0.1%, S&P 500 futures had gained 6 points, or 0.1%, and Nasdaq 100 futures had risen 87 points, or 0.3%, signaling a modest bump for tech-heavy benchmarks.

Super Micro Computer jumped 12.7% in premarket trading to $36.69 after forecasting quarterly revenue and profit margins comfortably above Wall Street estimates, reassuring investors that demand for AI data center infrastructure remains robust.

SpaceX surged more than 8% premarket, while Tesla added over 2%, after CEO Elon Musk revealed that both companies have formed independent special committees to evaluate a potential merger. Speaking after SpaceX's second post-IPO quarterly report late Tuesday, Musk noted that while negotiations are early and he is not serving on either committee, he sees strong synergies in AI software, chip design, robotics, and connectivity.

SCHMID Group NV stock soared 12.5% after releasing a third-quarter business update showing a sharp acceleration in order intake. Driven by demand in its electronics equipment segment, management raised its full-year 2026 order intake target to more than €150 million, up from the prior range of €125 million to €150 million.

Elevance Health rose 1.8% after delivering third-quarter 2026 results that comfortably beat expectations. Adjusted diluted EPS reached $6.99 versus the $4.70 consensus, while revenue rose 0.7% year-over-year to $50.4 billion. Management also boosted its full-year adjusted EPS floor to at least $29.00 and raised its operating cash flow outlook to at least $6.5 billion.

Capital One Financial rallied 3.2% after posting third-quarter adjusted EPS of $6.69, topping Wall Street estimates by roughly 22%. Net interest margin expanded 40 basis points sequentially to 8.41% on higher card loan yields, while lower provisions and a $225 million loan reserve release bolstered profitability.

DigitalOcean climbed 3.7% after Piper Sandler upgraded the cloud infrastructure provider to Overweight from Neutral. Although the firm trimmed its price target to $126 from $142 to account for near-term margin pressure, it noted that recent weakness created an appealing entry point given the company's exposure to AI startups.

Netflix dropped 6.0% in premarket trading after trimming its full-year advertising forecast and issuing a softer-than-expected fourth-quarter profit outlook. Down more than 26% year-to-date, the streaming platform is on track to erase approximately $17 billion in market capitalization if premarket losses hold.

Intuitive Surgical fell 7.9% to $403.60 despite topping headline earnings and revenue estimates. While Q3 revenue rose 22% to $30.5 billion and adjusted EPS reached $3.00, sentiment was dragged down by a $450 million pre-tax charge related to a da Vinci legal settlement, which pushed GAAP net income down to $523 million.

Alpha Teknova plunged 30.7% to $5.12 after announcing an underwritten public offering of 8 million shares at $5.00 per share—a deep discount to its prior close of $7.39. The capital raise is expected to net $40 million in gross proceeds to be used for general corporate purposes and debt reduction.

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