Stocks making the biggest moves premarket: Dell Technologies, HP, AST SpaceMobile, Gap & more
Dell shares rose nearly 37% premarket after the company raised full-year guidance to adjusted EPS of $17.90 and revenue of $165B–$169B, versus LSEG expectations of $13.09 and $142.5B. HP gained over 17%. American Eagle fell ~11% on weaker sales and Q2 operating income guidance. Gap dropped 15% after cutting its sales outlook. AST SpaceMobile slid ~15% after a Blue Origin test explosion. Okta, NetApp, Asana, MongoDB and PagerDuty rose on guidance/earnings beats, while American Eagle, Gap, Autodes
How this was made
The 30-second read
Why it matters
The dominant trading driver is fresh guidance relative to consensus, with additional sentiment contagion across computer hardware and space-related equities.
Market read
Guidance beats/misses are creating immediate repricing across enterprise software, data infrastructure, and computer hardware, while the Blue Origin incident is pressuring space-related stocks.
What to watch
For ASTS/space names, the key is whether the Blue Origin failure affects near-term schedules/partner milestones; for software (SNOW/ESTC), investors may be over-weighting one guidance line versus longer-term demand trends.
Background
This CNBC premarket roundup ties large individual stock moves to either guidance changes (earnings beats/misses) or a space-industry shock (Blue Origin rocket explosion during a ground test).
Ticker impact
Dell surged nearly 37% premarket after raising full-year guidance and EPS/revenue expectations above LSEG estimates.
Bullish bias; expect follow-through if broader computer hardware sentiment holds.
The article cites a large premarket move tied directly to raised full-year adjusted EPS and revenue versus consensus.
Hewlett Packard Enterprise rose more than 17% premarket, boosted by Dell’s earnings/guidance read-through to computer hardware.
Near-term upside pressure likely, but more dependent on sector sentiment than company-specific catalysts.
The article attributes HPE’s move to Dell’s earnings rather than HPE-specific guidance details.
Super Micro Computer rose nearly 10% premarket as computer stocks rallied on Dell’s earnings and guidance.
Short-term bullish drift possible; monitor for reversal if the move fades.
No SMCI-specific fundamental update is provided beyond the sector uplift.
AST SpaceMobile fell almost 15% premarket after a Blue Origin rocket exploded during a ground test; ASTS has a partnership with Blue Origin.
Bearish near-term; volatility elevated until technical/launch implications are clarified.
The article provides the linkage (partnership) but not the specific impact on ASTS timelines.
EchoStar was off 4.5% premarket as space stocks slid after a Blue Origin rocket explosion during a ground test.
Near-term downside bias; may track broader space sentiment.
Move is described as part of the sector reaction rather than a company-specific update.
Rocket Lab tumbled about 5.5% premarket as space stocks fell following the Blue Origin launchpad explosion.
Bearish bias but potentially mean-reverting if the event is deemed non-systemic.
The article does not cite RKLB-specific fundamentals—only the sector reaction.
Okta added almost 8% premarket after issuing current-quarter and full-year revenue guidance above FactSet expectations and beating Q1.
Bullish near-term; momentum likely if buyers extend into the open.
The article cites both guidance outperformance and Q1 beat metrics.
NetApp popped 16.5% premarket after sharing first-quarter and full-year guidance that beat FactSet expectations and posting a Q4 beat.
Likely continued upside follow-through versus peers if guidance credibility holds.
The article explicitly states guidance and earnings/revenue beats versus consensus.
Market effects
Computer hardware names are trading on Dell’s guidance strength; space stocks are trading on partner/launch risk after Blue Origin’s explosion.
Primarily US-listed tech/hardware/space sentiment; limited direct regional specificity in the article.
Blue Origin-related risk sentiment can spill across global space/launch supply-chain expectations.
Counterpoint
Some moves (HPE/SMCI/HP, and space peers) may be largely correlation-driven; if the underlying event impact is contained, reversals are possible.
Key entities
- companyDell Technologies
Raised full-year guidance, triggering a ~37% premarket surge.
- companyGap
Cut full-year sales outlook, driving a >15% premarket drop.
- companyAST SpaceMobile
Partnered with Blue Origin; shares fell ~15% after a Blue Origin explosion during a ground test.
