Stock futures exhibited mixed performance in the premarket hours of Wednesday ahead of pivotal inflation data releases.
Here are some of Wednesday’s biggest stock movers:
Biggest stock gainers
- Asset Entities (NASDAQ:ASST) +140% – Shares more than doubled after shareholders approved its merger with Strive Enterprises, following Strive’s approval on September 4, 2025. The deal paves the way for the creation of a publicly traded Bitcoin Treasury firm, pending Nasdaq approval of the combined entity under the ticker ASST. Matt Cole will assume the role of CEO and chairman, while current Asset Entities CEO Arshia Sarkhani will become chief marketing officer and join the board. Concurrently, the company expects to close a private placement financing of over $750M, with an additional $750M possible from warrant exercises, for potential proceeds exceeding $1.5B.
- Oracle (NYSE:ORCL) +28% – Shares surged after the company reported a 359% Y/Y jump in total remaining performance obligations, overshadowing weaker-than-expected FQ1 earnings. Chairman Larry Ellison highlighted 1,529% growth in multi-cloud database revenue from Amazon (AMZN), Google (GOOGL), and Microsoft (MSFT). Ellison also previewed the launch of ‘Oracle AI Database’ at next month’s Oracle AI World, enabling customers to run models like Gemini, ChatGPT, and Grok directly on their databases, which is expected to drive long-term AI cloud demand. Management guided FY2026 CapEx of ~$35B, expects Oracle Cloud Infrastructure revenue to grow 77% to $18B this year, sees Q2 total revenue up 12%–14% in constant currency, and non-GAAP EPS of $1.58–$1.62.
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GameStop (NYSE:GME) +6% – Shares gained after the retailer topped Q2 earnings and disclosed sizable Bitcoin holdings. Revenue rose 21.8% Y/Y, with hardware & accessories making up 60.9% of sales (vs. 56.5% last year), while software fell to 15.7% (from 26.0%). Collectibles grew to 23.4% of the mix (from 17.5%). The company swung to operating profit, posting net income of $168.6M and EPS of $0.25, beating the $0.15 consensus and $0.04 a year ago. GameStop also revealed Bitcoin holdings worth $528.6M as of Q2-end.
Biggest stock losers
- Synopsys (NASDAQ:SNPS) -19% – Shares tumbled after the chip design software firm posted weaker-than-expected FQ3 results and guidance. For Q4, Synopsys projects adjusted EPS of $2.76–$2.80 on revenue of $2.23B–$2.26B, significantly below the $4.50 EPS consensus and $2.10B revenue estimate. Full-year guidance calls for EPS of $12.76–$12.80 on revenue of $7.03B–$7.06B, missing the expectations of $15.13 EPS and $6.74B revenue. CFO Shelagh Glaser noted the company is “taking a more conservative view of Q4 while guiding another consecutive year of profitable growth,” citing weakness in Design IP.