Check out the companies making headlines before the bell. Iren — The data center company soared 22% after reaching a deal with Microsoft to give software and cloud computing providers access to Nvidia GB300 GPUs for $9.7 billion over five years. Semiconductor maker — Iren’s nearly $10 billion deal to access Nvidia chips gave the group a boost and boosted investor sentiment for semiconductor demand. Nvidia rose nearly 2%, helped by Microsoft’s U.S. approval to ship Nvidia chips to the United Arab Emirates. Micron Technology and Advanced Micro Devices rose about 4% and 1%, respectively. ON Semiconductor – ON rose more than 3% as third-quarter profit and revenue beat analyst expectations. On Semi had adjusted earnings per share of $1.55 billion on revenue of $1.55 billion, beating analyst estimates compiled by FactSet of 59 cents and $1.52 billion. Kenvue — The Tylenol and Band-Aid maker rose 20% after it agreed to be acquired by Kimberly-Clark for $48.7 billion in cash and stock in a deal expected to close in the second half of 2026. Cipher Mining — The data center developer for Bitcoin mining and artificial intelligence posted better-than-expected third-quarter results, soaring 17%. Cipher’s loss was a lower-than-expected 1 cent, beating the 4-cent loss expected by analysts surveyed by FactSet. Revenue was $71.7 million, below the consensus estimate of $77.8 million. New Gold — Shares rose 9% after Coeur Mining agreed to acquire New Gold in an all-stock deal at a 16% premium to New Gold’s Friday closing price. Idexx Laboratories — The veterinary services stock rose 7% after third-quarter sales of $1.11 billion beat the $1.07 billion expected by analysts surveyed by FactSet. Idexx also raised its full-year earnings and revenue guidance. FreshPet — The pet food company posted third-quarter adjusted earnings before interest, taxes, amortization, and amortization of $54.6 million, beating the $53 million estimate of analysts surveyed by FactSet, up nearly 7%. Revenue was $288.8 million, beating consensus estimates of $283.7 million. Beyond Meat – Shares of the alternative meat company, which became a meme stock in October, fell 8% after the company said it would delay reporting earnings as it worked to calculate non-cash impairment charges. Palantir — Shares of the data software platform developer rose about 3% ahead of its third-quarter results, which are scheduled to be released after the close of trading on Monday. Cisco Systems — The networking hardware and communications equipment maker rose more than 1% after UBS upgraded the stock from neutral to buy, citing a “multi-year growth cycle driven by AI infrastructure demand, large campus refresh cycles, and security momentum.” Eaton Corp. – Industrial stocks fell more than 1% after the company agreed to acquire Boyd Thermal Corp. for $9.5 billion, expected to close in the second quarter of 2026. – CNBC’s Sarah Ming, Sean Conlon, Fred Imbert, Lisa Han, Michelle Fox Theobald, Spencer Kimball and John Meloy contributed reporting.
