The US government lifted restrictions on exporting chip-design software to China, boosting shares of Synopsys and Cadence Design Systems by over 5% and 6%, respectively. Cloud monitoring provider Datadog surged more than 9% after being added to the S&P 500 index, effective July 9.
Online travel review company Tripadvisor rose 7% following a report that activist investor Starboard took a 9% stake. In contrast, online brokerage Robinhood fell nearly 2%, reversing some of its previous gains. Crypto stocks like Bit Digital and SharpLink Gaming extended their gains, with renewed interest in stablecoins and stock tokenization driving the surge.
Drone maker Kratos Defense and Security Solutions added 1.5% after RBC Capital Markets reiterated an outperform investment opinion, citing growth in defense spending and “valuation mismatches.” The company’s shares reached a fresh 52-week high earlier this week.
Source: https://www.cnbc.com/2025/07/03/stocks-making-the-biggest-moves-premarket-snps-trip-ddog-hood-and-more.html