Stocks Moving Premarket Today: Nvidia, Strategy, AEVEX and More (Nov 12)

It’s a split morning on Thursday. Dow futures were up about 0.1% around 5:30 a.m. ET while Nasdaq 100 futures were down roughly 0.6%, and almost all of that gap comes from one stock: Nvidia. Here are the stocks moving before the bell and why.

Nvidia ($NVDA): board weighs Jensen Huang’s future

Nvidia was down about 5.5% at $164.15 in premarket trading just before 5 a.m. ET, giving back Wednesday’s 2.9% bounce. The New York Times reported that CEO Jensen Huang had a second extramarital affair, and The Wall Street Journal reported the board is preparing to oust him. The board met Wednesday night to discuss his future, and there’s no clear successor in place.

What to watch: Any statement from the board before the open. A leadership change at the world’s most important AI chipmaker would hit the whole chip sector, and Wedbush’s Dan Ives says he still sees a $225 target if Huang is replaced.

Bullish or bearish on $NVDA? Vote on the ticker page

Micron ($MU): chips cool off after a huge day

Micron slipped about 2.7% in early premarket trading after soaring nearly 12% on Wednesday. Intel, Marvell and Lam Research were each down around 2% as the Nvidia news weighed on chip stocks, while AMD and Broadcom held up better.

What to watch: Whether memory and chip names can hold Wednesday’s CoreWeave-fuelled gains if Nvidia opens sharply lower.

Bullish or bearish on $MU? Vote on the ticker page

Strategy ($MSTR): MSCI is dropping it from its indexes

Strategy fell roughly 4% to 5% in premarket trading after MSCI said it will remove the bitcoin treasury company from its global indexes, effective after the close on November 30. Funds that track those indexes will have to sell, which is why the stock slid below $120 after hours from Wednesday’s $122.35 close.

What to watch: How much passive selling gets priced in before November 30, and where bitcoin trades today, since the stock still moves with it.

Bullish or bearish on $MSTR? Vote on the ticker page

AEVEX ($AVEX): beat and raise

AEVEX jumped about 12% in premarket trading after the defense drone maker posted third-quarter revenue of $189.7 million, up 56.5% from a year ago and well above the roughly $149 million analysts expected. It also raised its 2026 outlook to $820 million to $840 million in revenue and $128 million to $132 million in adjusted EBITDA.

What to watch: Whether the stock holds the gap at the open. AEVEX only went public in April, so big earnings moves can swing both ways.

Bullish or bearish on $AVEX? Vote on the ticker page

Tetra Tech ($TTEK): earnings beat and a bigger backlog

Tetra Tech rose 8.5% to $40.81 in premarket trading after fourth-quarter adjusted earnings of $0.49 a share topped the $0.47 estimate. Revenue came in a bit light, but backlog climbed 13% to $4.67 billion and the company bought back $100 million of stock in the quarter.

What to watch: Management’s fiscal 2027 outlook on the call and whether the backlog growth keeps buyers interested after the open.

Bullish or bearish on $TTEK? Vote on the ticker page

OptimizeRx ($OPRX): guidance cut

OptimizeRx dropped 23.5% to $6.85 in premarket trading. Third-quarter earnings beat estimates, but the company lowered its full-year revenue outlook below what Wall Street was expecting, and that’s what traders are reacting to.

What to watch: Whether buyers step in after a drop this size, or the lower outlook keeps pressure on through the day.

Bullish or bearish on $OPRX? Vote on the ticker page

What else is on the calendar today

• 8:30 a.m. ET: weekly jobless claims (last week came in at 189,000).
• After the close: Cisco reports fiscal Q1 results, with analysts looking for about $1.33 a share on $18.09 billion in revenue. Read our Cisco earnings preview.
• Also reporting Thursday: Applied Materials, Nebius and Intuitive Machines.

Premarket prices move fast and can look very different once the bell rings. Tell us what you’re watching on the community feed, and tag your post Bullish or Bearish to land on the leaderboard.

This article is for information only and is not financial advice.