Check out the companies making headlines before the bell: Alibaba — Shares popped more than 3% after CEO Eddie Wu said at the company’s Apsara Conference that Alibaba Cloud plans to operate more than 20 gigawatts of data centers globally by 2032, according to FactSet. He also launched the Zhenwu V900 chip. Quest Diagnostics , Labcorp Holdings — The two providers of diagnostics services dropped more than 5%, each, after the Centers for Medicare & Medicaid Services released a report showing that Medicare has been paying 16% more for laboratory services than private payors. The federal entity said that it will align most Medicare payments with the private sector rates. Vicor — Shares rallied 9% after the power electronics company issued third quarter guidance, saying it forecasts sequential revenue growth of more than 20% quarter over quarter, versus prior guidance of nearly 10%. On Holding — The Swiss sportswear company jumped more than 6% after On at its Investor Day set new midterm financial targets, including absolute net sales reaching at least CHF5.6 billion by 2029, and gross profit margin of 65% throughout the period. It also said it will repurchase up to an aggregate of $1 billion in Class A ordinary shares by December 2029. It also reiterated its full year 2026 outlook. GameStop — The meme stock gained 3.5% after CEO Ryan Cohen disclosed a purchase of 1.2 million shares.
Stocks making the biggest moves premarket: BABA, DGX, ONON, GME
