Paramount Skydance soars 105% on merger, AI enthusiasm lifts futures

PSKY  Paramount Skydance

Paramount Skydance Corporation (PSKY) closed a $110 billion merger with Warner Bros Discovery, creating Skydance (per Proactiveinvestors.com).

Dow futures rose 0.5%, while Nasdaq, S&P 500, and Russell 2000 futures rose 0.2% in pre-market trading, supported by AI enthusiasm and softer September jobs growth (per Stocktwits, IG).

MRVL  Marvell Technology

Marvell Technology (MRVL) is up 10.3% after raising its FY28 revenue expectations to $20 billion and projecting a ~$400 billion AI market by 2030 (per Stocktwits).

CEG  Constellation Energy

Constellation Energy Corp (CEG) shares are trading higher after announcing a 20-year agreement with Google covering 3,590 MW in the PJM market, including a $4.3 billion investment in nuclear capacity (per Investing.com).

TWST  Twist Bioscience

Twist Bioscience (TWST) is down 18.55% after Cathie Wood's ARK Invest sold heavily in the stock (per TipRanks).

CEG  Constellation Energy Corp

Constellation Energy Corp (CEG) shares are trading higher after the company announced a 20-year agreement with Google covering 3,590 MW in the PJM market, including a $4.3 billion investment in nuclear capacity (per Investing.com).

MRVL  Marvell Technology Group Ltd

Marvell Technology (MRVL) is up 10.3% after the company raised its total FY28 revenue expectations to approximately $20 billion, up from $18 billion, and now sees a ~$400 billion AI market by 2030 (per Stocktwits).

PENG  Penguin Solutions Inc.

Penguin Solutions Inc. (PENG) jumped more than 7% after posting record fourth-quarter (Q4) results, with revenue of $566.69 million, up 68% year-over-year and ahead of Wall Street expectations (per Stocktwits).

CRWD  Crowdstrike Holdings Inc

CrowdStrike, AWS, and NVIDIA expanded their global cybersecurity startup accelerator, focusing on the next generation of innovation for the agentic AI era (per Business Wire).

XBI  State Street SPDR S&P Biotech ETF

XBI is down 3.39% today.

MRVL  Marvell Technology

Marvell Technology CEO Matt Murphy stated that the company now anticipates a ~$400 billion AI market by 2030, a significant increase from its previous $94 billion estimate for 2028 (per Stocktwits).

GOOG  Google

Google has entered into a 20-year agreement with Constellation Energy for 3,590 MW in the PJM market, including a $4.3 billion investment in upgraded nuclear capacity, to meet rising AI-driven power demand (per Investing.com, Pluang, Benzinga).

CrowdStrike, Amazon Web Services (AWS), and NVIDIA have expanded their global cybersecurity startup accelerator, focusing on fostering innovation for the agentic AI era (per Business Wire).

AAOI  Applied Opt

Applied Optoelectronics (AAOI) shares are trading higher on possible continued momentum after the company announced it completed an ATM offering (per Benzinga).

No major scheduled macro print/event today.