Premarket movers: Iren jumps on Anthropic deal, CCC surges on buyout talks

On Monday morning, U.S. stock futures saw mixed results as major averages marked a successful week, with investors focusing on a lineup of earnings reports and inflation data. Iren shares experienced a significant increase, surging more than 5% after The Information disclosed that the data center operator had entered into a multi-year AI cloud services agreement with Anthropic.

The deal enables Anthropic to secure large GPU clusters at a lower cost and greater flexibility, compensating for potential computing shortages before and after its anticipated initial public offering, according to the report. Simultaneously, CCC Intelligent Solutions shares soared 9.5% following reports that private equity firm GTCR and activist investor Elliott Investment Management were in advanced discussions to acquire the Chicago-based automotive insurance software provider.

Bloomberg initially reported the news on Friday, suggesting a potential announcement within the week. The stock had already risen by about 7% on Friday. Stellantis shares also gained after the European Union and China reached a tentative understanding, which could reduce Chinese hybrid car exports to the bloc by more than half. This moderate adjustment would decrease imports by several million cars over four years, though the exact implementation method was not specified by EU Trade Commissioner Maros Sefcovic.

Meanwhile, Micron Technology shares declined 2.1% following news from Chinese memory chipmaker ChangXin Memory Technologies about advancements in a next-generation DRAM design. This innovation could increase storage density and intensify competition with South Korean rivals, although the company faced additional pressure from a Taiwanese union demanding Micron direct 15% of operating profit towards employee bonuses.

This proposal, however, the firm has declined to formalize. GoDaddy shares experienced a slight dip after RBC Capital Markets downgraded the stock to Sector Perform from Outperform, with a $95 price target, which is approximately 8% below Friday's close.