Check out the companies making the biggest moves premarket: Bank of America — The stock gained more than 1% after the banking giant posted better-than-expected results for the first quarter . Bank of America earned $1.11 per share on revenue of $30.43 billion. Analysts expected a profit of $1.01 per share on revenue of $29.93 billion. BofA’s strong results were bolstered by its equity sales and trading unit. Broadcom — The chipmaker jumped more than 2.5% after it announced with Meta a plan to deliver 1 gigawatt of custom chips , with further plans to deliver multiple gigawatts in the future using Broadcom’s technology. Broadcom CEO Hock Tan also said he’d be stepping down from Meta’s board. Snap — Shares popped more than 5% after the Snapchat parent announced plans to lay off up to 16% of its workforce. The company said it’s trying to reallocate resources toward growing net income profitability, among other initiatives. Gitlab — The software company rose more than 5% after it announced an expanded partnership with Google where its artificial intelligence offerings will now be offered through Google Cloud. Gitlab’s stock is down more than 46% in 2026 on fears AI will disrupt software companies’ business models. Robinhood , Webull — Shares of the financial services platforms jumped on news that the Securities and Exchange Commission will end limits on day-trading for smaller, retail investors. Robinhood was up more than 5.5%, while Webull jumped 6%. — CNBC’s Fred Imbert contributed reporting.
