Pre-market news | XPeng surged over 6%, favored by multiple major banks; BigBear.ai skyrocketed over 21%, Q3 performance exceeded expectations

On Tuesday, November 11th, due to the holiday, the U.S. bond market is closed for the day, while the U.S. stock market continues to trade as usual. In the new energy vehicle sector, XPeng surged over 6% in pre-market trading, with today's Hong Kong stocks rising nearly 18%, Nio up over 4%, and Li Auto up over 1%. On the news front, XPeng recently announced multiple achievements and received positive outlooks from several major institutions.

Navi Microelectronics rose over 4%, after a surge of over 22% yesterday, with Needham raising its target price to $13.

In earnings reports, BigBear.ai skyrocketed over 21%! Q3 results exceeded expectations, announcing a $250 million acquisition of Ask Sage to expand its AI business.

Rocket Lab rose over 10%! Q3 revenue reached $155 million, a 48% year-on-year increase, exceeding market expectations.

Beyond Meat fell over 8%. Q3 net revenue decreased by 13.3% year-on-year, with net losses widening compared to the previous year.

Rigetti Computing dropped over 3%, with Q3 revenue of $1.9 million, falling short of market expectations.

Gemini fell over 8%, with significant revenue growth in Q3, but losses nearly doubled market expectations.

CoreWeave dropped over 7%. CoreWeave's Q3 revenue surged 134% year-on-year to $1.36 billion, exceeding market expectations; however, net losses narrowed from $359 million in the same period last year to $110 million. The company has lowered its full-year revenue forecast for 2025 from a maximum of $5.35 billion to $5.05 billion - $5.15 billion, below the market expectation of $5.29 billion, primarily due to delays in the progress of third-party data center developers