Pre-market trading saw mixed results for several major companies. AT&T shares rose 3% following a positive annual profit forecast, driven by 5G and fiber network expansion. Texas Instruments surged 7.1% due to strong chip demand fueled by AI data centers. Conversely, GE Vernova dipped 2.1% despite exceeding revenue expectations.

Seagate Technology experienced a significant 9.4% jump, boosted by strong adjusted earnings linked to the AI data center boom. Stellar Bancorp also saw a boost with a $2 billion deal to be acquired by Prosperity Bancshares, driving its stock up over 11%. These movements reflect the impact of earnings reports and strategic moves on investor sentiment in the current market.

Other notable movers included Walmart, down 0.4% following wage adjustments for pharmacy technicians, and Qorvo, which fell 9.5% due to a negative outlook. Strong performance from Brinker International and Nextpower also contributed to market activity. These shifts highlight the influence of company-specific news in the broader market.

The varied premarket activity indicates a market responding to both positive and negative earnings reports and strategic decisions. Investors are closely watching the performance of companies with exposure to high-growth areas like AI and 5G. The upcoming Federal Reserve rate decision will likely further influence market direction.