Stocks making the biggest moves premarket: Affirm, Netflix, Incyte, Norwegian Cruise Line & more

On Monday, March 17, 2025, several prominent stocks exhibited notable movements in premarket trading, influenced by a mix of corporate developments, market trends, and economic indicators. Here's a closer look at some of the key movers:

Affirm Holdings (AFRM)

Shares of Affirm Holdings experienced a significant premarket decline of 13%. This downturn followed the announcement that European fintech company Klarna filed for a U.S. IPO and secured an exclusive partnership with Walmart, intensifying competition in the buy-now-pay-later sector.

Nvidia (NVDA)

Nvidia's stock saw a premarket increase of 1.7%, ahead of its annual GPU Technology Conference (GTC). Investors are anticipating CEO Jensen Huang's keynote address, expecting announcements about future versions of Nvidia's artificial intelligence chips, including the B300 Blackwell chip expected this year and the next-generation Rubin chip in 2026.

Baidu (BIDU)

Baidu's U.S.-listed shares rose 1.2% in premarket trading after the company unveiled its latest AI models, ERNIE 4.5 and ERNIE X1. These advancements position Baidu as a formidable competitor in the AI landscape, challenging existing market leaders.

Norwegian Cruise Line (NCLH)

Norwegian Cruise Line's stock surged 4.8% premarket following an upgrade by J.P. Morgan to "overweight" from "neutral." The investment bank cited improved booking trends and a robust outlook for the cruise industry as reasons for the upgrade.

Incyte (INCY)

Incyte shares were among the notable premarket movers, experiencing a decline. Specific details regarding the cause of this movement were not immediately available.

Market Overview

Overall, U.S. stock index futures were trending lower in premarket trading. This decline was influenced by Treasury Secretary Scott Bessent's comments about the risk of a recession and President Trump's unchanged stance on tariffs. Investors are also focusing on the upcoming Federal Reserve meeting, with expectations that interest rates will remain unchanged.

In summary, the premarket session on March 17, 2025, showcased significant movements among major stocks, driven by a combination of corporate announcements, competitive shifts, and broader economic factors.