Tesla, Intel, Airbnb and Affirm rise premarket; Take-Two Interactive falls

Investing.com -- U.S. stock futures steadied Friday after the previous session’s sharp losses, but concerns over extreme valuations, particularly in the tech sector, remain.

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

• Tesla (NASDAQ:TSLA) stock gained 0.2% after shareholders of the electric vehicle manufacturer signed off on a new compensation package worth roughly $1 trillion for CEO Elon Musk, despite dissent from some investors concerned above the scope and effect of the award.

• Intel (NASDAQ:INTC) stock rose 0.9% after Tesla CEO Elon Musk said the electric vehicle maker could enter a deal with the chipmaker for artificial intelligence and robotics processors.

• Nvidia (NASDAQ:NVDA) stock fell 0.7% after The Information reported that the Trump administration plans to block the chipmaker from selling even its less powerful artificial intelligence chips to China.

• Airbnb (NASDAQ:ABNB) stock gained 3.6% after the vacation rental firm forecast upbeat quarterly revenue after posting higher third-quarter results, aided by strong bookings in markets such as Latin America and Asia Pacific.

• Affirm Holdings (NASDAQ:AFRM) stock soared 10% after the buy-now-pay-later provider reported first-quarter fiscal 2026 results that significantly exceeded expectations, and raised its full-year guidance.

• Take-Two Interactive Software (NASDAQ:TTWO) stock fell 6.1% after Rockstar Games, a subsidiary of the video game developer, announced a further delay in the release of Grand Theft Auto VI to November 2026 from May 2026, the second delay for the highly anticipated game.

• DraftKings (NASDAQ:DKNG) stock slumped 5.8% after the gaming company lowered its full-year sales outlook and reported mixed third-quarter results, amid concerns that prediction market services are eating into the sports betting business.

• Peloton Interactive (NASDAQ:PTON) stock gained 3.6% after the fitness company beat quarterly revenue estimates, buoyed by early traction from its revamped product lineup and price hikes across hardware and subscriptions.

• Block (NYSE:XYZ) stock slumped 15% after the financial technology company reported third-quarter earnings that fell short of analyst expectations amid economic uncertainty and intensifying competition in the payments sector.

• Wendy’s (NASDAQ:WEN) stock gained 6.6% after the burger chain posted third-quarter core earnings and sales that surpassed estimates, as strength at its international business helped to offset concerns around the impact of an uncertain consumer spending backdrop on its U.S. operations.