Intel, Navan surge premarket; Oracle falls amid AI spending concerns

Investing.com - U.S. stock index futures rose on Thursday, buoyed by reports that the U.S. and Iran have held peace talks despite recent military strikes, while technology shares looked set to rebound from recent losses.

By 07:20 ET (11:20 GMT), S&P 500 Futures had risen 0.65%, Nasdaq 100 Futures had jumped 1%, and Dow Jones Futures had gained 0.6%.

Here are some of the biggest premarket U.S. stock movers today:

• Oracle fell after investors looked past better-than-expected fourth-quarter earnings and focused instead on the company’s rapidly rising capital spending plans. The software giant disclosed a sharp increase in annual capital expenditures and outlined plans to raise additional debt and equity financing to support continued AI-related data center expansion.


• Brand Engagement Network shares rose after the company announced a 50/50 joint venture with Intervent International, forming a new entity called Intervent Health AI focused on healthcare artificial intelligence solutions.


• Coupang shares surged after South Korea’s Personal Information Protection Commission formally delivered a record 624.7 billion won ($409 million) fine tied to a 2025 data breach that exposed the personal information of more than 37.5 million users.


• Micron Technology climbed after Wolfe Research raised its price target on the memory chipmaker to $1,250 from $550 and reiterated an Outperform rating, citing expectations for significantly higher DRAM and NAND pricing through at least 2027.


• Super Micro Computer jumped as investors moved back into the AI server maker following a sharp selloff in the previous session that was triggered by plans to raise approximately $7 billion through equity offerings to help fund purchases needed to meet a record order backlog.


• Intel surged after BofA Securities upgraded the chipmaker to Buy from Underperform and lifted its price target to $135 from $96, citing the company’s positioning to help address industry constraints in advanced semiconductor manufacturing and packaging.


• Navan soared after the travel and expense management platform reported fiscal first-quarter results that topped analyst estimates, driven by stronger-than-expected revenue growth, record booking volumes and a return to positive free cash flow.

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