Premarket Stock Movements: Palantir, Caterpillar, Yum China, and CrowdStrike

Uber Technologies saw a significant boost in its stock price, rising 6% after the company reported better-than-expected financial results for the second quarter. The ride-hailing giant posted earnings of 47 cents per share, surpassing analysts' expectations of 31 cents, while revenue reached $10.7 billion, exceeding the consensus estimate of $10.57 billion. This positive performance reflects Uber's ongoing recovery and growth in the competitive ride-hailing market. In contrast, ZoomInfo Technologies faced a sharp decline, with shares plummeting 14% following a disappointing earnings report. The customer acquisition platform reported adjusted earnings of 17 cents per share on $292 million in revenue, falling short of market expectations. Additionally, the company lowered its earnings guidance and announced a change in its chief financial officer, raising concerns among investors. The semiconductor sector also experienced a rebound after a recent sell-off, with major chip stocks seeing gains. Nvidia led the charge with a 3% increase, while Super Micro Computer and Broadcom rose by 2%, and Intel saw nearly a 2% uptick. This recovery indicates a potential stabilization in the tech sector after recent volatility. CSX Corporation reported earnings of 49 cents per share, slightly above the anticipated 48 cents, showcasing resilience in the transportation sector. The mixed results across various industries highlight the ongoing fluctuations in the market as companies navigate economic challenges and investor expectations.