Pre-market movers worth watching:

$NVDA cooling off after Thursday's monster +8.7% rally that added $453B in market cap. Still the engine driving tech higher.

$PYPL getting crushed, down ~14% after Advent/Stripe walked away from takeover talks.

$MRVL dropping ~8% despite beating Q2. The problem? Q3 gross margin guidance of 57.5%-58.5% vs Q2's 58.9%. Markets don't like margin compression.

$GAP surging +14% on an earnings beat, raised FY26 outlook, and a new Old Navy CEO. Retail showing some life.

$AFRM up 12% after crushing Q4 and lifting guidance. Buy-now-pay-later still has momentum.

$ULTA down 3% even after solid Q2 results and raised guidance. Sometimes good news isn't enough.

$IREN falling 8% on a Q4 revenue miss.

Earnings season continues to separate winners from losers. Watch how these moves hold through the open.