Check out the companies making headlines in premarket trading. Alphabet — The YouTube and Google owner rose more than 4% after Warren Buffett’s Berkshire Hathaway revealed it took a more than $4 billion stake in Alphabet in the third quarter. Zymeworks and Jazz Pharmaceuticals — Drugmakers Zymeworks and Jazz Pharmaceuticals reported Phase 3 trial results of their cancer drug Ziihera. Zymeworks shares surged about 35%, while Jazz rose nearly 21%. Lithium stocks — Citing a local Chinese news source, Bloomberg reported Ganfeng Lithium Group Company chairman Li Liangbin forecast Sunday that lithium demand will grow 30% in 2026. Sigma Lithium popped 26%, while Lithium Argentina ‘s and Lithium Americas jumped roughly 8% and 3%, respectively. Quantum Computing — Shares jumped 21% after the quantum computing provider issued a strategic roadmap toward scalable quantum and photonic manufacturing. Clearwater Analytics Holdings — Speculation that Clearwater is weighing a deal to go private drove the stock 10% higher. Bloomberg reported late Friday Friday that Warbug Pincus and Permira are in talks to buy the investment and accounting software maker. Alibaba — E-commerce giant Alibaba unveiled Qwen App, its revamped Chat GPT-like artificial intelligence application, in China, pushing its shares up 2.5%. Gap — The apparel retailer added 2.6% on the back of an upgrade at Barclays to overweight from equal weight. The firm said Gap is executing a disciplined turnaround and should see a durable brand recovery. Apple — Investors mulled over a Friday report from the Financial Times that Apple is ramping up its preparations around identifying and appointing a successor to CEO Tim Cook. The report, which cited several people familiar with the matter, seems to have pushed shares down by 1%. Xpeng — U.S.-listed shares shed nearly 4% after the Chinese electric car company posted mixed third-quarter results, with its adjusted loss coming in narrower than analysts polled by FactSet had expected, while its revenue was roughly in line with expectations. The company’s fourth-quarter revenue guidance fell short of the consensus estimate as well. Aramark — The food services provider shed 7% after posting fiscal fourth-quarter adjusted earnings of 57 cents, which came below the 64 cents analysts polled by FactSet had expected. Aramark’s $5.05 billion revenue also fell short of the $5.16 billion consensus. Meanwhile, Aramark shared adjusted earnings guidance for the fiscal year of between $2.18 per share to $2.28. The median of this range was lower than the $2.27 analysts were expecting on average. — CNBC’s Michelle Fox-Theobald, Fred Imbert, Sean Conlon, Alex Harring and Lisa Han contributed reporting
