Stocks making the biggest moves premarket: Home Depot, Amer Sports, Blackstone, Alphabet & more

Home Depot — The home improvement retailer gained 0.6% after the company reported sales and profit beat expectations. Earnings of $3.43 per share, on an adjusted basis, exceeded the $3.41 per share analysts polled by LSEG were expecting. Revenue of $41.77 billion came in above the forecasted $41.52 billion.

Amer Sports — Shares rose 2.9% after the sportswear company behind the Wilson and Salomon brands reported first quarter results that topped analysts’ expectations. Earnings of 38 cents per share, excluding items, topped the FactSet consensus estimate of 31 cents per share. Revenue of $1.95 billion also exceeded the forecasted $1.84 billion.

Blackstone, Alphabet — The two stocks advanced after Blackstone said it will invest $5 billion in equity capital into a new artificial intelligence infrastructure company with Google. Shares of Blackstone gained 0.7%, as did shares of Google-parent Alphabet.

Chip stocks — The group was under pressure again, as memory names continued to sell-off. Micron and Seagate lost 1.7% and 3%, respectively. Nvidia shed nearly 1%.

Shake Shack — The hamburger chain gained 2.2% after six insider traders including the CEO bought shares totaling roughly $3.2 million of the company, according to a regulatory filing.

ServiceNow — The enterprise software stock rose in the premarket, adding to its 8% advance in the prior day. Shares are up more than 23% since last Wednesday. They’re down more than 50% from their recent high.

— CNBC’s Nick Wells contributed to this report.