Here’s a look at some of the top stocks trending in premarket trading:
Synopsys Inc. (SNPS) stock rose 3% before the bell on Thursday, rebounding after the chip-design software maker suffered its worst single-day decline on record on Wednesday after warning that US export restrictions are contributing to a slowdown in China.
Oracle (ORCL) stock rose 1% in premarket trading on Thursday after it soared more than 36% Wednesday, marking shares’ biggest daily gain since December 1992 and adding over $250 billion in market value to the company.
Tech stocks, Nvidia (NVDA) and Broadcom (AVGO), which supply semiconductors used in data centers, were also marginally up following Oracle’s rally, extending gains from the previous session.