SNPS, TRIP, DDOG, HOOD and more
Check out the companies making headlines in premarket trading: Synopsys , Cadence Design Systems — Shares of the Silicon Valley chip designers rallied more than 5% and 6%, respectively. The U.S. government lifted restrictions on exporting chip-design software to China, according to announcements from companies in the industry. Datadog — The cloud monitoring provider surged more than 9% after S & P Global added it to the S & P 500 index , effective before trading starts July 9. The move will force passive index funds to buy Datadog shares to reflect the composition of the underlying benchmark index. Tripadvisor — The online travel review company popped 7% following a Wall Street Journal report that activist investor Starboard took a 9% stake. Robinhood — The online brokerage fell nearly 2%, giving back some of its 6% rally Wednesday. Robinhood was seen as a leading candidate to replace Juniper Networks in the S & P 500, and privately held OpenAI is pushing back against Robinhood’s recent announcement of tokenized shares in the artificial intelligence startup. Crypto stocks — Stocks with ether (ETH) treasury ambitions extended gains a second day amid a surge of renewed interest in stablecoins and stock tokenization, both of which are largely supported by the Ethereum network. Bit Digital rose 6%, while betting platform SharpLink Gaming jumped 9%. Bitmine Immersion Technologies was little changed but has surged more than 1,000% since announcing its own ETH treasury plans Monday. Kratos Defense and Security Solutions — The drone maker added 1.5% after RBC Capital Markets reiterated an outperform investment opinion. The firm raised its 12-month price target on Kratos, believing the small-cap defense tech sector will continue to outperform, driven by growth in fiscal 2026 defense spending and “valuation mismatches.” Kratos shares are coming off a fresh 52-week high earlier this week. — CNBC’s Tanaya Macheel, Pia Singh, Jesse Pound, Dylan Butts and Michelle Fox contributed reporting.
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