Dell, Lululemon, Intel rise premarket; Ulta Beauty falls

Investing.com -- U.S. stock futures rose Friday, ending the week on a positive tone ahead of the release of key inflation data.

Here are some of the biggest premarket U.S. stock movers today Dell (NYSE:DELL ) stock rose 4.5% after the tech giant reported second-quarter results that topped estimates, hiking its annual earnings forecast, driven by record revenue in its infrastructure solution business as strong demand for its artificial intelligence-optimized servers boosted performance. Ulta Beauty (NASDAQ:ULTA ) stock slumped 8.7% after the cosmetics chain cut its annual sales and profit forecasts, hurt by slowing demand for higher-priced cosmetics and fragrances at its stores. Lululemon Athletica (NASDAQ:LULU ) stock gained 4.2% after the athletic apparel retailer reported better-than-expected earnings, even as it cut its annual sales and profit forecasts, as demand slowed in North America amid selective consumer spending. Intel (NASDAQ:INTC ) stock rose 3.3% after Bloomberg reported that the tech giant is considering splitting off its foundry business and scrapping plans for new factories, as it tries to weather a sharp slowdown. Emergent Biosolutions (NYSE:EBS ) stock rose 15% after the U.S. Food and Drug Administration granted expanded approval to the drugmaker’s smallpox vaccine for use by people at high risk of mpox infection. Marvell (NASDAQ:MRVL ) Technology stock soared 10% after the chipmaker reported second-quarter revenue that surpassed expectations as its data center business nearly doubled revenue amid strong AI-led demand. Intuitive Machines (NASDAQ:LUNR ) stock soared 22% after the space infrastructure provider announced that NASA had awarded it a $117 million contract to deliver six science and technology payloads to the Moon’s South Pole.

Source: Investing.com