--- title: "Pre-market hot trades in US stocks: Global Engine pre-market down 7.65%; Block pre-market up 7.27%" type: "News" locale: "en" url: "https://longbridge.com/en/news/285695994.md" description: "Global Engine pre-market down 7.65%; Block pre-market up 7.27%; Phoenix Asia pre-market up 106.56%; GD Culture pre-market up 47.62%; Robo.ai pre-market up 39.78%" datetime: "2026-05-08T09:17:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285695994.md) - [en](https://longbridge.com/en/news/285695994.md) - [zh-HK](https://longbridge.com/zh-HK/news/285695994.md) --- # Pre-market hot trades in US stocks: Global Engine pre-market down 7.65%; Block pre-market up 7.27% **Pre-market Hot Trades in US Stocks** Global Engine is down 7.65% in pre-market trading. Based on recent news, 1. On May 6, Global Engine Group Holding Ltd. announced details regarding the company's financial condition and future outlook. The announcement mentioned that increased market competition and rising costs have raised investor concerns about its profitability, leading to a decline in stock price. 2. On May 5, analysts downgraded their rating on Global Engine, citing that the company's progress in new product development was below expectations. Analysts believe that the company's lack of innovation may affect its market share, putting pressure on its stock price. 3. On May 4, poor macroeconomic data and increased expectations of a slowdown in global economic growth heightened market uncertainty. Investor confidence in the overall market declined, resulting in declines in multiple stocks, including Global Engine. Increased market competition and heightened macroeconomic uncertainty. Block is up 7.27% in pre-market trading. Based on recent news, 1. On May 8, Block reported first-quarter results, with adjusted earnings per share of $0.85, exceeding market expectations of $0.68, driving the stock price up 8.4% in after-hours trading. The company also raised its full-year outlook, expecting adjusted earnings per share of $3.85, higher than analysts' expectations of $3.64. 2. On May 8, Block CEO Jack Dorsey stated in a letter to shareholders that artificial intelligence tools significantly improved the company's operational efficiency, with the amount of production code changes per engineer increasing by over 2.5 times. The company also announced a 40% workforce reduction, cutting the number of employees from 10,000 to 6,000. 3. On May 8, Block's Cash App gross profit increased by 38% year-over-year to $1.91 billion, primarily driven by strong performance in Cash App Borrow and business empowerment products. The scale of consumer loans surged by 82% year-over-year to $17.6 billion. The financial services industry performed strongly overall, with AI applications enhancing efficiency. **Top Gainers in Pre-market US Stocks** Phoenix Asia is up 106.56% in pre-market trading. Based on recent news, 1. On May 4, Phoenix Asia Holdings Ltd. released an important announcement via GlobeNewswire regarding the company's future development plans and strategic adjustments, boosting market confidence and driving a significant increase in stock price. 2. On May 6, market sentiment shifted from "bullish" to "extremely bullish," with retail investor discussion volume rising from "low" to "extremely high," further propelling the stock price upward. 3. On May 8, Benzinga Edge signals indicated strong momentum for Phoenix Asia Holdings' stock, but its valuation is high relative to peers, requiring investors to weigh strong momentum against valuation risks Market sentiment is high, and retail investors are active. GD Culture is up 47.62% in pre-market trading. Based on recent key news: 1. On May 6, GD Culture Group announced that it received a preliminary non-binding privatization proposal at $10.75 per share. This news significantly boosted the stock price as the market holds an optimistic view on the company's future privatization prospects. Source: Reuters 2. On May 5, the company's board of directors decided to establish a special committee to evaluate the proposal. This move shows the company's seriousness about the proposal, further enhancing investor confidence. Source: Reuters 3. On May 5, GD Culture Group is transforming into an AI-driven digital human technology company, planning to enter the interactive reading and narrative entertainment market. This strategic shift may bring new growth opportunities for the company. Source: Benzinga The market's interest in AI technology continues to grow, driving stock price fluctuations for related companies. Robo.ai is up 39.78% in pre-market trading. Based on recent key news: 1. On May 8, Robo.ai announced the acquisition of Neurovia, aiming to enhance data processing and compression technology. This strategic move will accelerate the global commercialization of its smart hardware and mobile products, enhancing its competitiveness in the robotics and mobile market. This news drove the stock price up. 2. On May 8, Robo.ai released a statement emphasizing its commitment to building a global AI machine economy platform, integrating AI software, smart hardware, and smart assets to create a unified AI operating system and blockchain-enabled ecosystem. This vision attracted investor attention, further driving the stock price up. 3. On May 6, the global AI competitive landscape is changing, with China's AI unicorn DeepSeek's valuation soaring to $45 billion, showcasing the rapid development in the AI field. This macro trend may influence investor confidence in Robo.ai, boosting its stock price. The global AI competition is intensifying, with the market focusing on emerging economies ### Related Stocks - [GLE.US](https://longbridge.com/en/quote/GLE.US.md) - [XYZ.US](https://longbridge.com/en/quote/XYZ.US.md) - [PHOE.US](https://longbridge.com/en/quote/PHOE.US.md) - [GDC.US](https://longbridge.com/en/quote/GDC.US.md) - [AIIO.US](https://longbridge.com/en/quote/AIIO.US.md) ## Related News & Research - [North Dakota State Investment Board Acquires Shares of 18,672 Block, Inc. $XYZ](https://longbridge.com/en/news/287034875.md) - [$1000 Invested In Block 10 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/286283543.md) - [ZAWYA: University of Sharjah’s My FarmWell application wins UAE Society of Engineers Excellence and Creative Engineering Award](https://longbridge.com/en/news/286879017.md) - [GE Aerospace Awarded U.S. Air Force Contract to Advance GE426 Engine for Autonomous Collaborative Platform | GE Stock News](https://longbridge.com/en/news/286943230.md) - [Maximilian Martin Discloses Investment at Enhanced Group Inc. with 8.3% Stake](https://longbridge.com/en/news/286473590.md)