Today’s Market Movers: Intel, SAP, and Deckers Lead Friday’s Premarket Action

TLDR

• Intel (INTC) rose ~4.8% in premarket after Q2 earnings and revenue beat expectations, with revenue surging 25% to $16.1B
• SAP gained 6.1% after beating Q2 earnings and reporting 24% cloud revenue growth, easing fears about AI disrupting software
• Safety Insurance (SAFT) soared 42% after agreeing to a $1.54B all-cash acquisition by Mapfre at $105 per share
• Amkor Technology (AMKR) jumped 9% following a multi-year strategic partnership with Nvidia to develop AI semiconductor packaging
• Deckers Outdoor (DECK) slipped 2.9%-3% despite beating EPS estimates, as its raised full-year outlook came in below consensus

Stock futures edged higher Friday morning as oil prices pulled back, easing inflation concerns that had been weighing on markets. A packed week of tech earnings kept traders busy, with several names making sharp moves before the opening bell.

Intel (INTC) was one of the standout performers, trading up around 4.8% in premarket after posting Q2 revenue of $16.1B — a 25% jump year over year. That beat analyst expectations across revenue, EPS, and gross margin. The adjusted gross margin came in at 41.8%, also above estimates.

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