Check out the companies making the biggest moves in pre-market trading: Quantum stocks — Shares of quantum computing companies soared after a Wall Street Journal report that the government plans to give $2 billion in subsidies to nine companies. The deal also includes government stock, the report said. Righetti Computing soared 15%, DWave Quantum soared 17% and Quantum Computing rebounded nearly 14%. IonQ rose 8%, IBM rose 6.5% and GlobalFoundries rose 13%. Walmart — The giant retailer fell 2% after it issued a worse-than-expected outlook for the full year and current quarter. Walmart expects adjusted earnings of $2.75 to $2.85 per share, below expectations of $2.91, according to LSEG. Adjusted EPS for the first quarter was in line with expectations, and revenue exceeded expectations. Rocket Lab — The space company fell 6% after Space X filed a prospectus with the Securities and Exchange Commission to list on the Nasdaq. CNBC reported last week that the company plans to begin a roadshow to sell the deal on June 8th. Nvidia — The chip giant announced first-quarter revenue of $81.62 billion, up 85% from a year earlier, beating the $78.86 billion expected by analysts surveyed by LSEG. Stock prices remained almost unchanged. Intuit — Shares fell 14% after the financial software company announced 17% layoffs. Intuit also missed analysts’ expectations for third-quarter revenue, posting $8.56 billion compared to LSEG’s consensus estimate of $8.61 billion. Elf Beauty — The beauty retailer soared 7% after its fourth fiscal quarter sales and bottom line beat Wall Street expectations. Elf said it plans to reverse some of the tariff-related price increases, citing hardship for consumers facing soaring gas prices. Star Bulk Carriers — Shares of the shipping company rose 3% after reporting first-quarter revenue of $281.2 million and earnings per share excluding items of 56 cents. Analysts surveyed by FactSet valued the stock at 47 cents and $225.9 million, respectively. — CNBC’s Alex Harring contributed reporting.
