Check out the companies making headlines before the bell. Oracle — Shares were up more than 5% in the premarket after TikTok agreed to sell its U.S. operations to a new joint venture that includes the software giant and private equity investor Silver Lake. CoreWeave — The stock rose 5.5% after the cloud infrastructure technology company joined the Department of Energy’s Genesis Mission to advance U.S. research and innovation. Additionally, Citi resumed coverage CoreWeave and a price target implies that shares could double from current levels. Generac — Wells Fargo upgraded Generac to overweight from equal weight, citing the energy technology firm’s accelerating growth outlook for diesel gensets as backup power for AI data centers. It also raised its price target. Shares rose 3%. Coinbase — The crypto exchange rose nearly 3%. On Thursday, the U.S. Securities and Exchange Commission issued long-awaited guidance for broker-dealers like the cryptocurrency exchange. Nike — The apparel giant dropped 10% after its fiscal second quarter results showed a 17% drop in China sales, overshadowing better-than-expected earnings and revenue for the period. Bitcoin mining stocks — Investors are rushing back into crypto stocks after Micron Technology’s blockbuster earnings report restored faith in the risk-on trade. Terawulf , CleanSpark and Riot Platforms rose about 3%. — CNBC’s Fred Imbert contributed reporting.
