AMD, Walt Disney and Snap fall premarket; McDonald’s, Capri rise

Investing.com -- U.S. stock futures edged higher Wednesday, with investors continuing to focus on the ongoing corporate earnings season.

Here are some of the biggest premarket U.S. stock movers today:

• Advanced Micro Devices (NASDAQ:AMD) stock sank 6.2% after the chipmaker unveiled underwhelming quarterly revenue at its crucial data center business, the unit which houses its all-important artificial intelligence chips.

• McDonald’s (NYSE:MCD) stock rose 3.4% after the burger giant’s global sales beat expectations for the second quarter, as affordable meal bundles and promotions drew in budget-conscious diners.

• Walt Disney (NYSE:DIS) stock fell 1.2% after the entertainment giant reported revenue from conventional TV networks and sports programming that fell short of Wall Street’s expectations, despite a strong performance from the company’s theme parks and streaming businesses.The media conglomerate’s ESPN sports broadcasting empire said it would launch a new direct-to-consumer streaming service on August 21.

• Super Micro Computer (NASDAQ:SMCI) stock slumped 17% after the AI server maker missed fourth-quarter revenue estimates.

• Shopify (NASDAQ:SHOP) stock gained 16% after the e-commerce company forecast third-quarter revenue above market estimates, as its AI features and platform upgrades boosted demand for its e-commerce services despite tariff-related uncertainty pressuring retail businesses.

• Novo Nordisk (CSE:NOVOb) (NYSE:NVO) ADRs fell 2.8% after it said it will push to bring down costs as the maker of the weight-loss drug Wegovy grapples with intensifying competition and pressure from copycat versions of its treatments.

• Uber (NYSE:UBER) stock fell 1% even after the ride-hailing company unveiled a $20 billion stock buyback program and forecast its third-quarter bookings above estimates.

• Snap (NYSE:SNAP) shares plummeted 17% as the social media company reported a weak quarter as mounting competition underscored the company’s struggle to keep pace with AI-driven peers.

• Rivian Automotive (NASDAQ:RIVN) stock fell 6.2% after the electric vehicle company reported a larger-than-expected second-quarter loss amid trade-related supply chain disruptions.

• Arista Networks (NYSE:ANET) stock jumped 12% after the cloud networking firm reported upbeat guidance for the current quarter following better-than-expected second-quarter results, as demand for AI-driven data center networking accelerates.

• Capri (NYSE:CPRI) stock soared 10% after the fashion company posted a smaller-than-expected drop in quarterly revenue, helped by improving demand for its luxury handbags and footwear despite a broader retail slowdown.

• Dynatrace (NYSE:DT) stock rose 6.4% after the AI-powered observability platform provider reported first-quarter fiscal 2026 results that exceeded expectations, driven by strong expansion deals and accelerating log management deployment.

• Six Flags (NYSE:SIX) stock fell 12% after the amusement park company reported weaker-than-expected second-quarter revenue and announced that CEO Richard Zimmerman will step down by the end of 2025.

• Wix (NASDAQ:WIX) stock rose 8.5% after the web development company lifted its outlook for annual bookings thanks to increased demand for its artificial intelligence-enhanced platform.