Marvell, PayPal, Rubrik and Other Stocks Fall in Pre-Market Trading

US stock index futures were mostly lower this morning, with Nasdaq 100 futures down about 0.3% on Friday.

Marvell Technology Inc shares fell sharply in pre-market trading after the company reported its second-quarter financial results.

Marvell reported second-quarter revenue of $2.74 billion, beating the consensus estimate of $2.71 billion. The chip designer reported adjusted earnings per share of 94 cents for the quarter, beating the 92-cent estimate.

Marvell Technology shares fell 7.6% to $223.00 in pre-market trading.

Here are some other stocks trading lower in pre-market.

Vistance Networks Inc shares fell 41.5% to $6.80 in pre-market trading. Vistance Networks recently approved an additional $150 million buyback program.

PayPal Holdings Inc fell 14% to $52.91 in pre-market trading after reports that a consortium led by Stripe and Advent International had abandoned its $53 billion acquisition plan.

Metals Royalty Company Inc fell 12.3% to $5.51 in pre-market trading.

Design Therapeutics Inc fell 9.9% to $13.74 in pre-market trading.

SharonAI Holdings Inc fell 8% to $54.51 in pre-market trading. Sharon AI Holdings announced Thursday the appointment of David Burns as Chief Operating Officer.

Rubrik Inc fell 7.5% to $98.99 in pre-market trading after the company reported second-quarter results.

NACCO Industries Inc fell 7.3% to $40.00 in pre-market trading.

IREN Ltd fell 6.2% to $38.00 in pre-market trading after reporting disappointing quarterly results.

Clinuvel Pharmaceuticals Ltd fell 5.5% to $6.40 in pre-market trading. Clinuvel Pharmaceuticals shares fell 11% on Thursday after reporting weak fiscal 2026 financial results.

MINISO Group Holding Ltd – ADR fell 4.7% to $10.30 in pre-market trading after reporting weak quarterly results.