Premarket movers: Mag 7 stocks are mixed: Meta received a downgrade at Arete, which said that the social media giant is “lagging” in terms of AI monetization. Shares are down 0.4% (Microsoft +0.2%, Tesla -0.09%, Nvidia -0.2%, Alphabet +0.6%, Apple shares are unchanged, Amazon -0.3%) Broadcom (AVGO) rises 6% after Chief Executive Officer Hock Tan said the company expects its AI chip sales to top $100 billion next year, marking major inroads into territory dominated by Nvidia Corp. Burlington Stores (BURL) rises 6% after the off-price retailer’s fourth quarter adjusted EPS and revenue topped expectations. Ciena (CIEN) falls 3% after the maker of equipment used by telecom companies posted first quarter results and provided a second quarter guidance. Grocery Outlet (GO) drops 22% after the discount supermarket chain provided an adjusted earnings per share forecast for 2026 that’s well short of the average analyst estimate. http://JD.com Inc.’s ADRs (JD) slip 1% after the company reported its first quarterly loss in nearly four years following a costly foray into food delivery. Stubhub (STUB) falls 13% after the ticket reseller’s 2026 forecast and fourth-quarter results came in below Wall Street’s expectations. Analysts flag that comparisons are tough given that there wasn’t a Taylor Swift tour to boost sales. Trade Desk Inc. (TTD) jumps 18% after The Information reported that the company held talks to help OpenAI sells ads. Veeva Systems (VEEV) climbs 10% after the tech firm’s first-quarter adjusted earnings per share outlook came in above the average analyst estimate.(zerohedge)