Premarket movers: Magnificent Seven are mixed (Meta +0.6%, Apple -0.2%, Alphabet -0.7%, Amazon -0.05%, Nvidia +0.3%, Microsoft +0.2%, Tesla -0.7%) Cognyte Software (CGNT) slumps 21% after the Israeli company posted disappointing first quarter earnings. GameStop (GME) is up 13% after the video game retailer reported net sales for the first quarter of $835.3 million, marking a 14% increase from the year prior. The company also said its board approved a discretionary $2 billion share repurchase authorization. Iren Ltd. shares rise after it signed a transmission connection agreement to support a planned 800-megawatt data center campus in Bundey, South Australia. Macy’s (M) climbs 3% after the department-store operator boosted its adjusted earnings per share forecast for the full year. Marvell Technology (MRVL) gains 10%, putting the stock on track to extend Tuesday’s 33% rally, after Nvidia CEO Jensen Huang predicted that the semiconductor and networking company would be the next business to hit a $1 trillion valuation. Medtronic (MDT) rises 2% after posting fourth quarter revenue that beat expectations. Palo Alto Networks (PANW) falls 2% after the security software company reported results following a 61% year-to-date rally. Sherwin-Williams (SHW) climbs 3% after the company and Nippon Paint abandoned efforts to acquire the Dutch paintmaker Akzo Nobel. Sprinklr (CXM) falls 3% after the software company trimmed its full-year revenue outlook.