Check out the companies making the biggest moves in pre-market trading: Datadog — The software company rose 2.3% after being upgraded to buy from neutral on the Guggenheim market. The company said it believes Datadog will be a major beneficiary of the increasing amount of data and complexity of information technology driven by artificial intelligence. CoreWeave — AI cloud computing stocks rose more than 5% after CoreWeave announced a $21 billion expansion infrastructure deal with Meta Platforms. “The dedicated capacity will be deployed across multiple locations and will include part of the initial deployment of the NVIDIA Vera Rubin platform. This distributed approach is designed to optimize the performance, resiliency, and scalability of Meta’s AI operations,” CoreWeave said in the release. Constellation Brands — The maker of Modelo and Corona fell less than 1% after it withdrew its 2028 outlook, citing uncertainty and reports of “subdued” demand. The company’s full-year profit forecast was lower than expected, but its fourth quarter results exceeded TheStreet’s forecasts. OIL COMPANIES — A day after U.S. West Texas Intermediate crude oil suffered its biggest single-day drop since 2020, energy company stocks rose on a rebound in oil prices. Occidental Petroleum and APA both rose nearly 2%, while ConocoPhillips, Chevron and BP each rose about 1%. Airlines — Rising oil prices caused airliner stock prices to fall. Alaska Airlines fell about 2%, while United Airlines, American Airlines and Delta Air Lines fell 1%. Cruise companies — Cruise companies also suffered from poor performance due to the impact of high oil prices. Royal Caribbean and Norwegian Cruise Line each fell nearly 2%. Carnival fell 1%. Applied Digital — Shares fell less than 1% even as the high-performance data center maker and operator beat expectations in its latest financial results, posting third-quarter adjusted EBITDA of $44.1 million, beating the FactSet consensus estimate of $19.3 million. The stock has been rising heading into this report, up 17% this month alone and more than 13% this year. Texas Instruments — Shares rose nearly 2% after Stifel upgraded the chipmaker from hold to buy. The investment firm said Texas Instruments is benefiting from several tailwinds supporting Texas Instruments’ outlook, including the end of the recent capital spending cycle and growth in its data center business. —CNBC’s Sarah Ming and Davis Giangiulio contributed reporting.
