Premarket Movers: JFrog Surges on Strong Quarter, DraftKings Sinks on Guidance Cut
US stock index futures were mixed ahead of Friday's open, with Nasdaq-100 contracts up 1.2%, S&P 500 futures up 0.3% and Dow futures down 0.9% as chip stocks rebounded from Thursday's AI-driven rout. Traders were waiting on October's jobs report, due before the opening bell, with economists looking for payroll growth of about 65K and the unemployment rate holding at 4.2%.
Chip Rebound Lifts JFrog and IREN While DraftKings Slides
Premarket share price moves, %, Nov. 6, 2026
| Company (ticker) | Move (% up or down) | Catalyst |
|---|---|---|
| JFrog | +21.3% | Q3 beat and Q4 guidance above estimates |
| IREN | +18.1% | Fiscal Q1 revenue and AI Cloud beat |
| Cloudflare | +12.6% | Q3 revenue up 39% and EPS beat |
| Airbnb | +11.4% | Q3 beat, raised outlook, $12B buyback |
| Lam Research | +9% | $25B buyback announced |
| Micron | +7.5% | Chip rebound after Thursday's rout |
| AMD | +6% | Chip rebound after Thursday's rout |
| Applied Optoelectronics | +5% | Q3 beat and hyperscale supply deal |
| Nvidia | +3.6% | Rebound after steepest drop since January 2025 |
| DraftKings | -20.6% | Q3 miss and FY26 sales guidance cut |
| NerdWallet | -17.6% | Q3 results below expectations |
| Five9 | -16.7% | Q4 EPS guidance below estimates |
| Atlassian | -15.8% | Weak FY27 growth outlook |
| Guardant Health | -5.5% | Raised cash-burn forecast |
| Monster Beverage | -2.8% | In-line Q3 results |
Source: Investing.com, Benzinga, Reuters
Chips rebound after the AI rout
Nvidia ($NVDA) rose 3.6% a day after its steepest one-day drop since January 2025, when low-cost Chinese AI models rattled Wall Street, with the Nasdaq Composite coming off its sharpest one-day drop in 19 months.
AMD and Applied Materials each advanced more than 6%, while Broadcom, Intel and SK Hynix's US-listed shares added between 4% and 5%, as the sector clawed back part of Thursday's selloff.
Micron gained 7.5%, while SanDisk added 8.3% and Arm Holdings advanced 6.2%.
Lam Research climbed more than 9% after announcing a $25B stock buyback.
Earnings split the movers
JFrog climbed 21.3% after third-quarter results beat expectations and fourth-quarter guidance came in above estimates.
IREN surged 18.1% after fiscal first-quarter revenue of $228M, up 66% sequentially and topping the roughly $221M consensus. AI Cloud revenue nearly tripled to about $200M, and adjusted EBITDA rose to $66M, lifting the margin to 29% from 14% in the prior quarter.
Cloudflare rose 12.6% after third-quarter revenue grew 39% year over year to $782.5M, its fastest growth in nearly four years, while adjusted EPS of 38 cents topped the 34-cent consensus.
Airbnb jumped 11.4% after revenue climbed 19% to $4.87B, its quickest growth in over three years, with diluted EPS of $3.16 beating the $2.85 consensus. Management raised its full-year growth outlook to the high teens and authorized a new $12B buyback.
Applied Optoelectronics rose 5% after third-quarter results beat estimates and it signed a large supply deal with a hyperscale data-center customer that could generate $1B to $1.5B in revenue over three years.
DraftKings tumbled 20.6% after third-quarter results missed expectations and management cut full-year 2026 sales guidance below estimates.
Atlassian fell 15.8% after guiding to roughly 13.75% revenue growth for fiscal 2027, less than half the 24% pace of its latest quarter, even though adjusted EPS of $1.65 beat the $1.43 consensus and revenue of $1.77B topped estimates.
Five9 dropped 16.7% after guiding to fourth-quarter adjusted EPS of 88 to 92 cents, a midpoint below Wall Street's expectations, despite third-quarter adjusted EPS of 82 cents and revenue of $323.3M both beating estimates. Management cited planned restructuring and a higher diluted share count.
NerdWallet declined 17.6% after its latest quarterly results came in below expectations.
Guardant Health dropped 5.5% after raising its full-year cash-burn forecast to $205M-$220M from $195M-$205M, even though third-quarter results beat estimates.
Monster Beverage slipped 2.8% after third-quarter results matched estimates, with EPS of 30 cents in line with the 30-cent consensus and revenue of $2.56B against the $2.50B expected.
