Check out the companies making the biggest moves premarket: Applied Materials — The semiconductor equipment supplier fell about 2% despite reporting fiscal second quarter results that beat expectations on the top and bottom lines. Applied Materials posted quarterly earnings of $2.86 per share, excluding items, on revenues of $7.91 billion.
Analysts surveyed by LSEG had expected per-share earnings of $2.66 on revenues of $7.65 billion. Chip stocks — A slew of semiconductor companies were lower as the iShares Semiconductor ETF was on pace to break a six-week win streak. Marvell Technology and Intel both were off 4%. ASML and Arm were both down more than 3.5%. Advanced Micro Devices shed nearly 3%.
Cerebras Systems — The chipmaker fell 1% after surging 68% Thursday in its Nasdaq debut. Figma — Shares surged nearly 9% after the collaborative interface design tool posted first quarter earnings of 10 cents per share, on an adjusted basis, on revenues of $333 million. Analysts polled by LSEG had expected per-share earnings of 6 cents on revenues of $313 million.
Magnum Ice Cream — The ice cream and frozen desert manufacturer jumped more than 17% after Reuters reported Blackstone and CD & R are some of the firms considering a bid for the company. Potential bidders are waiting to see summer sales before making any moves, Reuters reported.
DexCom — Shares of the diabetes management company jumped more than 3% after DexCom said it's agreed with Elliott Investment Management to identify two new independent directors to join the board. Boot Barn Holdings — Shares were up more than 8% after the company reported a revenue beat in its fiscal fourth quarter report.
Boot Barn reported $538.8 million in revenue, compared to estimates for $531.2 million, according to analysts polled by FactSet. Earnings also came in slightly higher-than-expected. Papa John's International — The stock jumped almost 7% after Reuters reported the company's largest franchisee is looking to buy the company.
Irth Capital is working with the franchisee, who owns 10% of the company's domestic establishments, to take the company private. Gemini Space Station – The Winklevoss-owned crypto exchange surged 20% premarket after reporting a $100 million strategic investment from Winklevoss Capital Fund.
The company also topped revenue expectations for the first quarter and posted a narrower-than-expected loss than analysts anticipated, according to FactSet. Freeport McMoRan — The miner fell almost 4% as metals sold off across the board in Friday trading. Precious metals gold and silver fell more than 2% and 7%, respectively.
Industrial metal copper tumbled nearly 4%. — CNBC's Sarah Min and Tanaya Macheel contributed reporting