Stocks making the biggest moves premarket: ORCL, GM, KO, SPOT
Check out the companies making headlines before the bell: Oracle — The software giant dropped more than 5% after The Wall Street Journal, citing people familiar, reported OpenAI recently missed its own targets for new users and revenue, raising concerns the company may not be able to support its massive AI spending. A number of other chip stocks declined on the news, including Nvidia and Advanced Micro Devices that slid more than 1% and 3%, respectively. General Motors — Shares popped more than 5% after the automaker raised its 2026 guidance and blew through first-quarter earnings expectations, with adjusted earnings of $3.70 per share, above the $2.62 expected by analysts polled by LSEG. Coca-Cola — Shares of the beverage company gained 2% after Coca-Cola reported quarterly earnings and revenue that topped analysts’ expectations, with earnings of 86 cents per share, on an adjusted basis, on revenue of $12.47 billion adjusted. Analysts polled by LSEG anticipated earnings of 81 cents per share on revenue of $12.24 billion. United Parcel Service — The shipping logistics company fell nearly 3% even after posting first-quarter results that beat on the top and bottom lines. UPS posted adjusted earnings per share of $1.07, more than the $1.02 expected, according to LSEG. Revenue of $21.2 billion exceeded the anticipated $20.99 billion. Spotify Technology — The music streaming platform fell nearly 12% after it reported weaker-than-expected operating income guidance for the current quarter in its first quarter earnings report. Spotify also delivered revenue in-line with expectations for the first quarter, according to analysts polled by FactSet. JetBlue Airways — The airline stock dipped 1% after JetBlue posted a greater-than-expected first-quarter loss of 87 cents per share, excluding items, more than the expected loss of 73 cents per share, according to FactSet consensus estimates. Revenue of $2.24 billion came in line with expectations. — CNBC’s Davis Giangiulio contributed reporting
<
