Check out the companies making the biggest moves in pre-market trading: Micron — The memory chip maker soared 18.5% after reporting better-than-expected third-quarter profits. Micron’s adjusted earnings per share came to $25.11, beating analysts’ estimates of $20.78 compiled by LSEG. The company’s sales quadrupled from $9.3 billion in the same period last year to $41.46 billion. Analysts had expected sales of $35.85 billion. Qualcomm — Shares rose 11% after the semiconductor maker nearly doubled its 2029 non-mobile device revenue forecast to $40 billion from its previous estimate of $22 billion. The company is also targeting data center sales of $15 billion in the same year. Memory stocks — Stock prices of memory companies also rose. SanDisk rose 15.6% and Western Digital rose 13%. Lam Research added 6%. IBM — Stocks rose 3% after IBM announced what it called the first technology that could make chips smaller than 1 nanometer. The company said the chip significantly increases computing power for applications such as generative artificial intelligence and cloud infrastructure. Wendy’s — Shares soared 13%, adding to a more than 25% rise from the previous session, as retailer enthusiasm continues to drive the fast-food chain’s profits. Thursday’s gains pushed the stock up nearly 32% for the week. — CNBC’s Fred Imbert contributed reporting.
