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      Today's Pre-Market Movers and Top Ratings | TSLA, IBM, MSFT, and More

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      Movers and Shakers wrote a column · Jan 30 13:28
      Morning Movers
      Gapping up
      $Tesla (TSLA.US)$ rose 4.2% in premarket trading. Tesla reported declines in automotive revenue and operating margin, but growth in energy-storage products and regulatory credit sales. CEO Elon Musk emphasized future growth through self-driving cars and robotics, despite challenges such as competition in China and potential U.S. tariffs.
      $IBM Corp (IBM.US)$ rose 9.3% in premarket trading. IBM reported $17.6 billion in fourth-quarter revenue, with strong software growth driven by AI, and projected 5% revenue growth for 2025.
      $Broadcom (AVGO.US)$ rose 5.4%, $Marvell Technology (MRVL.US)$ rose 4.1%, $Lam Research (LRCX.US)$ rose 6.5%. Lam Research reported second-quarter earnings and guidance that exceeded Wall Street expectations. The company posted a 14.6% year-over-year revenue increase to $4.38B and projected third-quarter revenue of $4.65B.
      Gapping down
      $Microsoft (MSFT.US)$ fell by 4% after its fiscal second-quarter results beat expectations, but Azure growth fell short, with revenue growing 31% year-over-year.
      $United Parcel Service (UPS.US)$ dropped by 13.4% after it announced plans to cut its largest customer's volume by over 50% by 2026. Despite a mixed Q4 earnings report with a 1.6% revenue increase to $25.3 billion.
      Today's Pre-Market Movers and Top Ratings | TSLA, IBM, MSFT, and More
      Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
      Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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