Check out the companies making the biggest moves premarket: CarMax — Shares rose more than 3.5% after the company delivered an earnings and revenue beat in its first-quarter financial report. CarMax reported earnings of $1.31 per share, well above analysts polled by LSEG’s expectations for earnings of 95 cents per share. AST SpaceMobile — The stock jumped 6% following the company’s announcement that it successfully launched into orbit three new satellites on Wednesday that will continue to build its cellular broadband network in space. SpaceX’s Falcon 9 rocket was used for the launch, and its shares were rising almost 3%. La-Z-Boy — The stock surged 16% after it reported retail sales rose 11% in its fiscal fourth quarter compared to the year prior. La-Z-Boy also delivered an earnings beat and revenue about in-line with FactSet consensus estimates. Lionsgate Studios — The media company fell more than 5% after Netflix denied reports that it is interested in acquiring Lionsgate. The stock rose nearly 14% on Tuesday amid the potential merger reports. Chipmakers — A slew of semiconductor companies rebounded after a sell-off that hit the stocks on Tuesday as investors again considered rotating out of the sector that has been hot in 2026. Intel rose more than 3% in premarket trading Wednesday after tumbling 8.5% Tuesday. Advanced Micro Devices was up more than 2.5% on Wednesday, while Broadcom and Qualcomm rose more than 1.5%. Figma — Shares were up 4% after Citi initiated coverage with a buy rating. The bank said Figma has a $25 billion total addressable market that is only in the early innings of adoption, making its analysts bullish on the stock. Oracle — The stock was off 1% after the company said details in a Business Insider report that Microsoft ended negotiations over a $3 billion deal to lease the company’s cloud infrastructure over security concerns were inaccurate. Oracle maintained that Microsoft is a partner and customer of the company. Jabil — Shares fell more than 2% despite the company reporting an earnings and revenue beat in its fiscal third-quarter results. Guidance for the current quarter and the company’s fiscal year also came in above expectations.
