Several high-profile names were on the move in premarket trading, from newly public Firefly Aerospace to tech giants like Nvidia and Apple. Here’s a closer look at the stocks making waves before the opening bell.
Firefly Aerospace (FFLY)
🚀 Shares of Firefly Aerospace tumbled more than 10% after the company released its first quarterly report since going public last month. The aerospace startup reported a wider-than-expected loss and revenue that fell short of Wall Street estimates for the second quarter. Investors had been watching closely to see how Firefly would perform as a newly listed company, and the disappointing results suggest the road to profitability may be longer than hoped.
AutoZone (AZO)
🛠️ AutoZone slipped about 2% in premarket trading. The auto parts retailer posted fiscal fourth-quarter results that showed higher same-store sales but weaker-than-expected gross profit and earnings per share. Analysts noted that while demand for car maintenance remains steady, rising costs and margin pressures weighed on the bottom line. Investors will be watching whether AutoZone can sustain sales momentum heading into the holiday quarter.
Kenvue (KVUE)
💊 Kenvue, the consumer health spinoff of Johnson & Johnson, rebounded more than 4% after a sharp sell-off in the prior session. On Monday, shares dropped over 7% following headlines that the Trump administration had drawn an unproven link between acetaminophen use during pregnancy and autism risk. While the claim rattled investors, analysts stressed that the connection lacks scientific consensus. Tuesday’s bounce suggests some bargain-hunting after the steep decline.
Boeing (BA)
✈️ Boeing gained about 2% after Bloomberg reported that U.S. and Chinese officials are close to finalizing a "huge" aircraft deal. According to U.S. Ambassador to China David Perdue, negotiations are in the final stages, raising hopes for a breakthrough in Boeing’s long-stalled sales to Chinese airlines. A major order from China would provide a significant boost to Boeing’s commercial aircraft division, which has struggled with delivery delays and regulatory hurdles in recent years.
Micron Technology (MU)
💾 Micron Technology edged up 0.8% ahead of its quarterly earnings report, due after Tuesday’s closing bell. The semiconductor maker has been riding a wave of optimism tied to artificial intelligence demand, with investors eager to see whether Micron’s memory chip sales are benefiting from the AI boom. Wall Street will be focused on forward guidance as much as the headline numbers.
Nvidia (NVDA)
⚡ Nvidia slipped nearly 1% in premarket trading, giving back some of Monday’s strong gains. The chipmaker surged almost 4% in the prior session after announcing a massive $100 billion investment into OpenAI. Under the deal, OpenAI will build and deploy systems using Nvidia’s GPUs, reinforcing the company’s dominance in the AI hardware market. Despite Tuesday’s pullback, Nvidia remains one of the year’s top-performing mega-cap stocks.
Apple (AAPL)
📱 Apple dipped 0.4% after a big rally on Monday, when shares jumped more than 4% following the launch of the iPhone 17. The move pushed Apple stock back into positive territory for the year, reversing earlier losses tied to tariff concerns and broader macroeconomic headwinds. Investors are now weighing whether the latest iPhone cycle can drive sustained revenue growth in a challenging global smartphone market.
The Bottom Line
Premarket action on Tuesday highlighted the push and pull between earnings disappointments, geopolitical developments, and tech-driven optimism. Firefly Aerospace and AutoZone faced pressure from weaker results, while Boeing and Kenvue found buyers on fresh headlines. Meanwhile, the semiconductor space remains in focus with Micron’s earnings on deck and Nvidia continuing to dominate the AI narrative.
As the trading day unfolds, investors will be watching whether these early movers set the tone for broader market sentiment—or if Wall Street takes a wait-and-see approach ahead of more economic data later in the week.